Jan 302014
 
A picture-perfect chart for CN
A 5-year chart for CN showing the major uptrend as approximated by the 200 day moving average.

CN 5-Year Logarithmic Chart

When did you board the train for this ride? In most cases, the simple rules make the most profit and are the easiest to trade. Buy when the stock crosses above the 200-day moving average. Or buy when the 50-day moving average crosses above the 200-day. Sell when the stock crosses below the 200-day or the 50-day crosses below below the 200-day. Add a filter so you don’t get whipsawed. You have your trading rules. It can be even programmed as a simple algorithm and let your computer make the trades. It doesn’t get any simpler than that!

CN released the Quarterly Results today.

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“Keep it simpe.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2014 TradeOnline.ca

May 032013
 
Correction imminent for the S&P 500 Index?
S&P 500 Index Candlestick chart showing the 19.5% gain from the November low.

S&P 500 Index Candlestick Chart

The major, intermediate and near-term trends are all up. And you always trade in the direction of the trend. And the S&P 500 just broke resistance at 1,600.

But, after a +20% gain in an index or stock, I give increased probability to any reversal patterns. We are at that point now with the S&P 500 Index. And seasonal factors align with the probability of a correction. You judge the patterns and trade accordingly.

Reference the last chart analysis for the S&P 500 Index.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Mar 212013
 
S&P 500 is struggling to break the all-time high of 1565.15
S&P 500 one year chart showing the upward sloping trendlines and struggling to break resistance of 1565.

S&P 500 1-Year Daily Chart

Reference the last chart analysis for the S&P 500 posted on January 21, 2013.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Nov 272012
 
Intermediate trend is down for Canadian Natural Resources
CNQ chart analysis showing the downward sloping intermediate trendline.

CNQ YTD Daily Bar Chart

When you see a chart like this for a major Canadian oil company, you can understand the dismal performance of the TSX Index.

Reference the last chart analysis for CNQ published on July 17, 2012.

Reference the corporate website for CNQ.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca