Monthly Archives: January 2014

CN chart anlaysis

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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

Technical Analysis of S&P 500 Index

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Here are the points to monitor for the S&P 500 Index
Trend line is still holding for the S&P 500 index. Reference the support levels to monitor.

S&P 500 Index Daily Chart

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

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“It is not when you buy that counts, it is when you sell”

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

TSX Index chart analysis

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Intermediate uptrend for the TSX Index
Weekly chart for the TSX Index showing the intermediate uptrend for the Canadian market. Resistance is 14,000 and the next level is the 2011 high around the 14,300 level.

TSX Weekly Chart courtesy of BigCharts.com

Weekly chart for the TSX Index showing the intermediate uptrend for the Canadian market. Resistance is 14,000 and the next level is the 2011 high around the 14,300 level.

Reference my chart analysis from April, 2011 as the TSX Index met resistance at the 14,300 level.

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“It is not when you buy that counts, it is when you sell”

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

TSX Index sector performance chart

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Materials sector up 4.69% last week
TSX Index performance by sector over the last week.

TSX Index 1-Week Performance by Sector courtesy of StockCharts.com

Reference the last sector analysis for the TSX Index which detailed the sector performance for 2013. The materials sector was a big drag in 2013 and is now showing some life. Can the the materials sector continue to move up when the underlying commodities are not breaking out to the upside?

Relevant articles picked from the Web:

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    “It is not when you buy that counts, it is when you sell”

    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

    Potash (POT) chart analysis

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    A closure of the window for Potash
    One year daily chart for Potash showing the intermediate uptrend.

    Potash 1-Year Daily Chart

    Potash will report fourth quarter and year-end results on January 30, 2014

    Potash Corp. in solid position despite falling prices — FP — Jan 21, 2013

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    “It is not when you buy that counts, it is when you sell”

    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

    Intel (INTC) chart analysis

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    Breakout for Intel above resistance of $26.00
    Breakout for Intel above resistance of $26.00

    Intel (INTC) 3-Year Weekly Chart

    Relevant articles picked from the Web:

    Intel Inside Your Portfolio? It Should Be — Barrons — January 16, 2014

    Intel Slips: Q4 Rev Beats, EPS $0.51/Sh Misses; Q1 Rev View In Line

    Intel plans to report fourth-quarter earnings on January 16, 2014

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    “It is not when you buy that counts, it is when you sell”

    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

    Alcoa (AA) logarithmic chart

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    Intermediate uptrend for Alcoa with resistance at $11.00
    Weekly chart for Alcoa showing the intermediate uptrend with resistance at $11.00. The chart shows OBV, RSI and volume.

    Alcoa 4-Year Weekly Logarithmic Chart courtesy of BigCharts.com

    With a 41% gain from the July low and concerns over the top line growth, you would expect profit taking at the $11.00 resistance level.

    Reference some excerpts from the fourth quarter release:

    Fourth quarter 2013 revenue was $5.6 billion, compared with $5.8 billion sequentially, and $5.9 billion in fourth quarter 2012, as realized aluminum prices declined 1 percent sequentially, and 7 percent year-over-year.

    Revenue in 2013 was $23.0 billion, compared to $23.7 billion in 2012 as realized aluminum prices declined 4 percent year-over-year.

    In 2014, Alcoa projects global growth in the aerospace (7 percent to 8 percent), automotive (1 percent to 4 percent), packaging (2 percent to 3 percent), and building and construction (4 percent to 6 percent) markets. After a strong 2013, Alcoa projects a steady commercial transportation market (-1 percent to 3 percent), and a decline in the industrial gas turbine market (-8 percent to -12 percent) on lower orders for new gas turbines and spare parts.

    Alcoa sees global aluminum demand growth of 7 percent in 2014, after 7 percent growth in 2013.

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    “It is not when you buy that counts, it is when you sell”

    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

    Copper chart showing the consolidation zone

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    Major resistance for copper is $3.40
    Copper chart showing major resistance of $3.40

    Copper 1-Year Chart

    The chart for copper shows ambivalence as represented by the consolidation zone. Copper is a good proxy for the world economy: in particular China. One can extrapolate the chart activity for copper to the indecision about the growth prospects (GDP) for China.

    Do you think copper can break $3.40?

    Reference the last chart analysis for copper based on the daily chart.

    ______________________________

    “It is not when you buy that counts, it is when you sell”

    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