Monthly Archives: December 2014

TSX Index YTD sector performance

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If you were weighted to consumer staples in 2014? Enjoy!

TSX Index YTD sector performance

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“It is all about 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.

© 2014 TradeOnline.ca

TSX Index % of stocks above 200-Day Moving Average

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61.2% of TSX stocks below 200-Day moving average

TSX Index % of stocks above 200-Day moving average

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“It is all about 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.

© 2014 TradeOnline.ca

Brent crude daily chart

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Brent is still searching for a bottom!
Brent crude daily chart

Brent Crude Daily Chart

Reference the last chart analysis for Brent.

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“It is all about 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.

© 2014 TradeOnline.ca

TSX Index chart analysis

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A 2.54% pop today on the daily chart for the TSX Index
Daily candlestick for the TSX Index

TSX Index Daily Candlestick Chart

Tall shaven head candlestick on heavy volume bodes well for the TSX Index. But, there will have to be follow-through. And the major reason for the drop in the TSX Index was the precipitous drop in crude oil as represented by Brent, West Texas Intermediate and Western Canadian Select. But, crude oil is still trying to find a bottom.

Reference the last chart analysis for the TSX Index showing the support zone.

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And the view from the weekly chart for the TSX Index
TSX Index weekly chart showing the near-term uptrend

TSX Index 3-Year Weekly Chart

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“It is all about 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.

© 2014 TradeOnline.ca

Canadian dollar chart showing the major downtrend

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Will the Canadian Dollar test $0.8400 by year-end? Maybe!
Weekly chart for the Canadian Dollar showing the major downtrend

Canadian Dollar 3-Year Weekly Chart

Major trend, intermediate trend and near-term trend are all down.

Reference my analysis from March 21, 2014 and the follow excerpt:

On the long-term chart (not shown) there are support levels at $0.8600 and $0.8400. Yes, there is a high probability we could see the Canadian dollar test the $0.8400 level before the end of the year.

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“It is all about 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.

© 2014 TradeOnline.ca

S&P 500 3-Year Weekly Chart

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High probability S&P 500 will test major support of 1950
S&P 500 will test major support at the 200-Day moving average.

S&P 500 3-Year Weekly Chart

Major points from the above candlestick chart for the S&P 500 Index:

  • Major trend is up
  • Intermediate trend is up
  • Near-term trend is down
  • Tentative break below the 50 moving average
  • Tentative break below the support level of 2000
  • Major support is around 1950 which is the 200-day moving average
  • Next support zone is the October low

Bloomberg: Wildest Day in 2 Months for S&P 500 as Stock Swings Echo October

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“It is all about 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.

© 2014 TradeOnline.ca

West Texas Intermediate (WTI) daily chart

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WTI closes below 60 for the first time since 2009
WTI closes below 60!

WTI Daily Chart

Reference the last chart analysis for WTI.

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“It is all about 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.

© 2014 TradeOnline.ca