Monthly Archives: June 2013

Death Cross for the TSX Index

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50 Day moving average crosses below 200 Day moving average
Weekly candlestick chart for the TSX Index showing the 50 day moving average crossing below the 200 day moving average. This is called a death cross. Yes, the TSX has a negative technical profile.

TSX Weekly Chart courtesy of StockCharts.com

The above chart identifies support zones for the TSX. What more can I say about the chart: the TSX has a negative technical profile.

Reference the last chart analysis for the TSX 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

U.S. 10 Year Treasury Note Yield Chart

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Breakout above resistance of 2.40% with a tall bullish candlestick
Weekly candlestick chart of the U.S. 10 Year Treasury Note Yield showing a breakout above major resistance of 2.40% on a bullish shaven head and bottom candlestick.

U.S. 10 year Treasury Note Yield weekly chart courtesy of StockCharts.com

Reference the last chart analysis for the U.S. 10 Year treasury Note Yield.

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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.

Copper chart analysis

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What is Dr. Copper’s prognosis for the world economy?
Chart analysis for copper based on the weekly chart analysis showing the intermediate and near-term downtrend. The 200 day and 50 day moving averages are identified on the chart. The RSI is confirming the intermediate downtrend. Copper is trading below both moving averages. Major support is at $3.00. Dr. Copper has a tepid prognosis for the world economy.

Copper Weekly Chart courtesy of StockCharts.com

Chart analysis for copper based on the weekly chart showing the intermediate and near-term downtrend. The 200 day and 50 day moving averages are identified on the chart. The RSI is confirming the intermediate downtrend. Copper is trading below both moving averages. Major support is at $3.00.

Dr. Copper has a tepid prognosis for the world economy which does not bode well for the TSX Index.

Reference the last chart analysis for copper.

Reference the last chart analysis for the TSX Index which is positively correlated with copper.

Reference my chart analysis for copper which showed the correlation between copper and the TSX.

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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.

Canadian Energy Sector versus U.S. Energy Sector

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Canadian Energy Sector has underperformed U.S. Energy Sector

YTD Performance XEG ETF energy sector versus XLE energy sector courtesy of <a href=

This chart is simply the YTD performance of XEG ETF relative to XLE ETF.

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

Should you invest in the TSX?

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TSX Index could not hold the old trading range
TSX Index daily candlestick chart showing the near-term downtrend. A shooting star candlestick is identified on the chart.

TSX Index Daily Chart courtesy of StockCharts.com

The TSX Index could not hold support of 12,600 in the old lateral trading range. Will the near-term downtrend stop at the support level of 12,300? If not, the TSX will move down to the support level of 12,000.

Should you invest in the TSX? The above chart is your answer. Now take a look at another chart.

Reference the last chart analysis for the TSX 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

S&P 500 Index candlestick chart

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Line in the sand for S&P 500 is 1600
S&P 500 Index candlestick chart showing the near-term downtrend and support at 1600.

S&P 500 Index Candlestick Chart

Major trend is up, intermediate trend is up and the near-term trend is down with support at 1600. The 40-day SMA is a good approximation of the trendline.

Reference the last sector analysis for the S&P 500 published on April 12, 2013 showing the relative performance of each sector.

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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