Author Archives: Trader

Canadian dollar testing major support

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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

S&P 500 on track to test resistance at 2800

But, the breakout will have to hold above 2742

S&P 500 daily chart

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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

Fortune Minerals (FT.TO) testing major support

Trading below the 200-day moving average with a death-cross

Fortune Minerals weekly chart showing the stock testing major support.

https://www.fortuneminerals.com/investors/default.aspx

https://www.investopedia.com/terms/d/deathcross.asp

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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

U.S. Home Construction iShares (ITB) testing major support of $38

U.S. Home Construction ETF at major support and below the 200-day moving average.

https://www.ishares.com/us/products/239512/ishares-us-home-construction-etf

https://www.ishares.com/us/literature/fact-sheet/itb-ishares-u-s-home-construction-etf-fund-fact-sheet-en-us.pdf

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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

Lumber at a record high

Lumber at a record high

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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

U.S. 10-Year Treasury yield closes above 3.00%

This is a major breakout above 3.00% resistance and a seven-year high.  The 3.00% level is now major support.  The reversal of roles is an important concept in technical analysis.

Reference my last post on the U.S. 10-Year Treasury

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Here is the view from the longer term 6-year weekly chart

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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

West Texas Intermediate trading above $70

WTI daily chart showing breakout above $70

Reference my last chart analysis for WTI.

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

Another test for S&P 500 at 200-day average

The S&P 500 is holding at the 200-day average. The near-term trend is positive and I am looking for a test near the April high of 2717. A breakout above the April high would be a positive near-term signal for the S&P 500.

S&P 500 test of the 200-day moving average.

Here is a live 4-year weekly chart for the S&P 500 Index.

Reference my last post for the S&P 500 index.

Here was my post on the sector performance.

List of S&P 500 companies

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca