Author Archives: Trader

Technical Analysis: VIX – CBOE Volatility Index

Key support level for the VIX is 20
Monitor the key support level of 20 for the VIX

VIX 3 Year Weekly Chart

The VIX is the fear gauge for the U.S. market and has an inverse correlation to the major U.S. Indexes. A break below support of 20 would be an indication that the near-term rally in U.S. stocks can continue.

Reference the last chart analysis of the VIX.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Technical analysis of copper

Intermediate trend is down for copper
The intermediate trend is down for copper with major support at $3.00/lb

One Year Copper Chart

Copper is seen as a leading indicator for the global economy. The intermediate trend for copper is down which does not bode well for equities overall and commodity based equities in particular.

Reference the last chart analysis for copper posted on May 18, 2012.

View Kitco for updated charts and other time periods.

Relevant articles picked from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Technical Analysis: S&P 500 Index

Critical support zone for the S&P 500 Index
Technical analysis of the S&P 500 Index showing the critical support  zone of 1,285 to 1,300

S&P 500 Index 2 Year Weekly Chart

The critical support zone represents a retracement of 50% from the April, 2012 high to the November, 2012 low. There is money on the sideline that will flow into equities at this level. And the shorts will cover if the S&P 500 Index continues to advance above the support zone.

A confirmed break below this support level is an ominous warning for this U.S. Index.

Against the backdrop of the Eurozone crisis with Greece and Spain in the spotlight, there are four major U.S. reports the week of May 28, 2012:

  1. On Tuesday, the U.S. Conference Board reports on consumer confidence in May. Economists expect a reading of 69.5.
  2. On Thursday, the U.S. Labour Department reports on initial jobless claims in the week ending May 26. Economists expect 370,000 new claims.
  3. On Friday, The U.S. Institute for Supply Management issues its manufacturing index for May. Economists expect a reading of 53.9.
  4. On Friday, the U.S. Labour Department issues its jobs report for May. Economists expect the unemployment rate to remain unchanged at 8.1 per cent, and non-farm payrolls to add 150,000 jobs.

Enjoy your trading week.

Reference the last chart analysis for the S&P 500 Index posted on April 16, 2012 when it was still holding above the upward sloping trendline.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Technical Analysis: iShares Brazil Index ETF – EWZ

Double bottom for the Brazil Index ETF
Technical analysis of the Brazil iShares ETF showing a double bottom

iShares Brazil ETF (EWZ) 2 Year Chart

Down 27% from the the March, 2012 high with a possible double bottom at $50.00.

Relevant articles picked from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

U.S. Treasury 10-Year Note daily bar chart

Intermediate trend is down with support at 1.70%
U.S. Treasury 10-Year Note chart analysis showing support and resistance levels.

U.S. Treasury 10-Year Note Daily Bar Chart

This is a key indicator that I monitor daily. Safe haven buying has pushed the yield to a record low.

Reference the last chart analysis for the U.S. 10-Year Treasury.

Relevant articles picked from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Teck Resources (TCK.B:TSX) candlestick chart analysis

Bullish engulfing pattern on the daily chart
Teck Resources candlestick chart analysis showing a bullish engulfing pattern on the daily chart.

Teck Resources (TCK.B:TSX) Daily chart

Positive move for Teck Resources even as the price of copper reached new lows.

Teck has good support in the $30.00 zone.

Relevant articles picked from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

TSX Index chart analysis

TSX Index support and resistance levels
Chart analysis of the TSX Index using the daily bar chart.  Support and resistance levels are identified on this one year chart.

TSX Index Bar chart

Reference the last chart analysis of the TSX Index using the weekly candlestick chart.

Relevant articles picked from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca