Monthly Archives: January 2016

Russell 2000 in bear market territory (-20%)

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Major support zone breached
Russell 2000 5-Year Chart

Russell 2000 5-Year Chart

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“Technical Analysis is 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.

© 2016 TradeOnline.ca

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German DAX in bear market territory (-20%)

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Major support zone is 9500
German DAX 5-Year Chart

German DAX 5-Year Chart

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“Technical Analysis is 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.

© 2016 TradeOnline.ca

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S&P 500 chart analysis

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Major Support for S&P 500 on weekly chart
S&P 500 3-Year Chart

S&P 500 3-Year Chart

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Major Support for S&P 500 viewed on the daily chart
S&P 500 6-Month Daily Chart

S&P 500 6-Month Daily Chart

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Chart for the S&P 500 published on January 4
S&P 500 6-Month Daily Chart showing the 2000 support level.

S&P 500 6-Month Daily Chart

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“Technical Analysis is 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.

© 2016 TradeOnline.ca

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TSX Index in bear market territory: down 20% from high

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Will test the support zone around 12,000
TSX Index 4-Year Chart showing the support level. It is in bear market territory.

TSX Index 4-Year Chart

If you avoided the Canadian market and kept your money under your mattress, then you are sleeping well.

If you have dreams of drowning in a sea of oil, then you were on the wrong side of the market.

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“Technical Analysis is 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.

© 2016 TradeOnline.ca

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Western Canadian Select falls below $20 U.S.

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Indicated differential to WTI is ($14.16)

Western Canadian Select crude oil

A deepening oil market slump is adding fresh pain for producers of the world’s cheapest crude as the Canadian heavy grade reached a record low, raising the prospect of more production going offline.

Spot prices for Western Canadian Select fell to $19.81 a barrel on Wednesday, the lowest since tracking began in 2008, according to data compiled by Bloomberg. The benchmark, made up of heavy conventional production and bitumen blended with synthetic crude and condensate, fell with global grades after U.S. gasoline inventories surged the most in 22 years and crude supplies at the American storage hub in Oklahoma climbed to a record.

http://www.bloomberg.com/news/articles/2016-01-06/world-s-cheapest-crude-hits-record-low-as-oil-slump-deepens

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“Technical Analysis is 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.

© 2016 TradeOnline.ca

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West Texas Intermediate closes at $34.06

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Major, intermediate and near-term trends are down.
WTI 3-Year Weekly Chart showing the close below 35.

WTI 3-Year Weekly Chart

Some observations from the above weekly chart for WTI:

  • Support levels of $40, $38 and $35 did not hold.
  • Long-term support (not shown) is now the 2009 low of $33.55.
  • A break below $33.55 (not shown) indicates that 30, 20 and 10 are in play.

Reference the last chart analysis for WTI showing the break below support of $38.

______________________________

“Technical Analysis is 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.

© 2016 TradeOnline.ca

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S&P 500 sector performance for past two days

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Defensive sectors leading to start the year

S&P 500 sector performance

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“Technical Analysis is 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.

© 2016 TradeOnline.ca

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Canadian dollar closes at $0.7149

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All 3 trends are down! Where is the bottom? $0.6900?
Canadian Dollar 5-Year Chart

Canadian Dollar 5-Year Chart

Reference the last chart analysis for the Canadian dollar published December 17, 2015.

______________________________

“Technical Analysis is 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.

© 2016 TradeOnline.ca

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