Jul 182014
 
Industrials led the Canadian market last week
Canadian stock sector performance for the last week showing that industrials led the market.

Canadian Sector Performance

Reference the constituents for the Industrials sector.

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“Charting is all about assessing probabilities”

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.

Jun 182014
 
Need a confirmed close above the March, 2008 high of 15154
Major uptrend continues for the TSX Index.

TSX Index weekly chart 2007 – 2014

The materials sector and in particular gold stocks participated in the rally today. Reference the MarketCarpet from StockCharts.com for a graphical representation of the stocks that made the move.

Reference my last chart analysis for the TSX Index.

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“Yes, the trend is your friend!”

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.

May 022014
 
Intermediate uptrend for the TSX Index

Intermediate uptrend for the TSX Index with major resistance at 15,000

Intermediate trend is up for the Canadian market with major resistance at the 2008 high of 15,154. I use the round number of 15,000 and will set my alerts at this point.

Reference the last chart analysis for the TSX Index showing the support levels. Note that the 14,500 level was a resistance point on this chart. It is now a support level. The reversal of roles is an important concept in technical analysis.

S&P/TSX Composite Index

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“Keep it Simple”

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.

Apr 172014
 
Intermediate trend is up with major resistance at 15,000
Intermediate trend is up for the Canadian market with major resistance at the 2008 high of 15,000.  Energy sector is leading the advance.

TSX Index Logarithmic Chart 2007-2014

Intermediate trend is up for the Canadian market with major resistance at the 2008 high of 15,154. I use the round number of 15,000 and will set my alerts at this point. Energy sector is leading the advance.

Reference the last chart analysis for the TSX Index showing the resistance point of 14,300.

Reference the sector performance for the TSX Index.

TSX nears six-year high as energy shares extend rally.

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“Keep it Simple”

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.