Author Archives: Trader

TSX Index chart analysis: Negative technical profile

Near-term trend for the TSX Index is down.
TSX Index chart analysis showing support and resistance levels. The RSI has moved below 50.  Negative technical profile for the Canadian market.

TSX Index Three Year Weekly Chart

Reference the last chart analysis for the TSX Index based on the daily chart and the last chart analysis based on the weekly chart.

Key points from the above chart:

  • TSX Index has a negative technical profile
  • Moved below the 200 day simple moving average
  • Near-term trend is down
  • RSI moved below 50 which is the midpoint on a scale

Relevant articles picked from the Web:

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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

AvenEx Energy (AVF:TSX) chart analysis: The sell-off

AvenEx Energy: BNN Market Call Top Pick on January 3, 2012
Chart analysis of AvenEx Energy which was a BNN Market Call Top Pick on January 3, 2012.

AvenEx Energy Six Month Candlestick Chart

On January 3, 2012; Bruce Campbell, President, Campbell & Lee Investment Management was a guest on BNN Market Call Tonight and one of his top picks was AvenEx Energy (AVF TSX). The following is his reason for recommending the stock: “Bought in Dec. at $5.17. A junior energy producer in western Canada, which is underfollowed and therefore trades at an 11 percent yield, and yet has a low payout of cash flow.”

View the insider trading activity for AvenEx Energy. No insiders were buying: they were all selling.

Reference the website for AvenEx Energy to review the fundamental data for the company and the announcement of the dividend cut.

The stock is now in the penalty box. There are better energy stocks to consider for your current investments.

Stockchase — What the experts are saying!

Update For December 21, 2012: Pace Oil & Gas, AvenEx Energy and Charger Energy to Combine and Form Intermediate Dividend Paying Corporation.

View the market reaction on the charts. That is all that counts.

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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: TSX Index

TSX Index in a lateral trading band
The TSX Index is still trading in a lateral band between 12,300 and 12,600.  The Relative Strength Index (RSI) has a negative technical profile. The YTD gain of 3.7% pales in comparison to the 12.0% gain for the s&p500.

TSX Index Daily Chart

The TSX Index is still trading in a lateral band between 12,300 and 12,600. The Relative Strength Index (RSI) has a negative technical profile. The YTD gain of 3.7% pales in comparison to the 12.0% gain for the S&P500.

Reference the last chart analysis for the TSX Index.

Relevant articles picked from the Web:

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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: U.S. Treasury 10-Year Note

Failed to break major resistance at 2.40%
U.S. Treasury 10-Year Note showing support and resistance levels.

U.S. Treasury 10-Year Note

I last charted the U.S. 10-Year Treasury on March 16, 2012 when it broke the resistance level of 2.10% on the weekly chart. The new support level is now 2.10%. Over the last two weeks it has been unable to break the major resistance level of 2.40%. You have these two key points to set your alerts.

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

Copper chart analysis: A visit to the doctor

Copper trading in an intermediate lateral band
Copper chart analysis showing the lateral trading band with support and resistance levels.

One Year Copper Chart

Always make regular visits to Dr. Copper for his opinion on the overall health of the world economy. Right now, the Doctor is still evaluating the relatively negative economic data out of China. Maybe the upcoming earnings season will shed some extra light on the demand for base metals in China. Economic reports can be misleading but the top line of a company cannot be easily manipulated.

I have set my alerts as per the above chart and a breakout to the upside or downside will be a major signal for the resource based economies: Canada, Australia, Brazil and Russia.

Reference the last chart analysis for copper: still in the same lateral trading band.

View Kitco for updated charts and other time periods.

Relevant articles picked from the Web:

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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

Precision Drilling (PD:TSX) chart analysis

Can Precision Drilling hold the $9.50 support level?
Candlestick chart analysis for Precision Drilling as it prepares to test support at $9.50

Precision Drilling Daily Chart

Reference the last chart analysis for Precision drilling.

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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

VIX – CBOE Volatility Index – chart analysis

VIX is showing no fear: How about you?
VIX chart analysis showing the index at the bottom of the trading range.

VIX Candlestick Weekly Chart

The S&P500 Index is up 29% from the October, 2011 low and 22% from the November, 2011 retracement. When you trade stocks, you deal with probabilities. And there is an increased probability of a correction, in the range of a 50% retracement, after a 20% move in an index or a stock. You must give increased weight to any topping pattern on the charts. Yes, be a little bit cautious and maybe a little fearful. You can always count on two attributes of the market: fear and greed.

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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