Author Archives: Trader

TSX Index: % of stocks above 200 day moving average

Correction continues for the TSX Index

Percent of component stocks above 200 day moving average.

TSX Composite Index 3-Year Weekly Chart

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“Keep it Simple!”

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.

Russell 2000 candlestick chart

Critical support zone for the Russell 2000

Critical support zone for the Russell 2000

Russell 2000 1-Year Chart

Reference my last chart analysis for the Russell 2000 published May 19, 2014. We are back to the same major test of critical support.

______________________________

“Keep it Simple!”

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.

Bonavista Energy (BNP) chart analysis

Bonavista Energy near major support: Low risk entry point

Bonavista Energy chart analysis. Major support is around $12.00

Bonavista Energy (BNP) 10-Year Chart

Bonavista Energy is focused on natural gas production. The yield is 6.56%. If you think there will be an upswing in the price of natural gas this winter, then this stock is a relatively safe bet. And you collect the dividend while you wait. One caveat, close the position on a confirmed break below major support.

______________________________

“Keep it Simple!”

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.

TSX Index 2-Year chart with the trendline

Break below the major trendline for the TSX Index

Break below the major trendline for the TSX Index

TSX Index 2-Year Daily Logarithmic Chart

15,000 is a major support level for the TSX Index.

______________________________

“Keep it Simple!”

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.

UUP – PowerShares DB US Dollar Index Bullish

UUP is one unleveraged way to play the rising US Dollar

UUP is one unleveraged way to play the rising US Dollar

UUP 4-Year Weekly Chart

______________________________

“Keep it Simple!”

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 Dollar chart analysis

Canadian Dollar testing major support of $0.9100

Major downtrend for the Canadian dollar. Testing major support of $0.9100

Canadian Dollar Weekly Chart

Major trend is down for the Canadian dollar. If it cannot hold $0.9100, the next major support level is around $0.8900.

______________________________

“Keep it Simple!”

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.

WTI candlestick chart

WTI testing major support of 92.50

WTI testing major support of 92.50

WTI 3-Year Weekly Chart

Link to my last chart analysis for WTI: Reference the last chart analysis for WTI.

Barron’s artice: Expect Dollar to Rise, Gold and Oil to Fall

______________________________

“Keep it Simple!”

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.

Inverse Relationship: US Dollar Index and Euro Index

US Dollar Index will test resistance of 85.00

US dollar will test resistance of $0.85

US Dollar Index Weekly Chart

Euro Index will test support of 127.50

Euro Index will test support of $127.50rt of

Euro Index Weekly Chart

From a Canadian perspective, the rising US dollar will have a negative impact on commodity prices. Not good for the base metal, gold and oil stocks.

______________________________

“Keep it Simple!”

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.