Author Archives: Trader

Technical Analysis: TSX Index candlestick chart

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Intermediate uptrend for the TSX Index with near-term resistance at 12,500
Intermediate uptrend for the TSX Index with resistance at 12,500 and 12,800.

TSX Index 3 Year Weekly Chart

Reference the last chart analysis for the TSX Index published on September 7, 2012.

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 with other technical indicators. 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) chart analysis

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Breakout above the downward sloping trendline
Candlestick chart for Teck Resources showing the breakout above the downward sloping trendline.

Teck Resources (TCK.B:TSX) 6 Month Daily chart

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Referenced past posts and related sites:

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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

Bullish shaven head candlestick for the TSX Index

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Increased probability for the TSX to test 12,800
Bullish shaven head candlestick on the weekly chart of the TSX Index. The index will test resistance of 12,800.

TSX Index 3 Year Weekly Chart

Reference the last chart analysis for the TSX Index published on August 31, 2012.

Must read articles from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts with other technical indicators. 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

S&P 500 candlestick chart analysis

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Bullish shaven head candlestick closes above resistance
Bullish shaven head candlestick closes above resistance on the daily chart.

S&P 500 Index YTD Daily Chart

Reference the last chart analysis for the S&P 500 Index published on August 24, 2012.

Some points to ponder from the above chart:

  • Tall bullish shaven head candlestick closes above resistance.
  • Now must hold above the resistance zone.
  • The resistance zone will be the new support zone — reversal of roles concept.
  • Volume must increase to sustain the intermediate uptrend.
  • OBV is not confirming the uptrend: this is a concern.
  • RSI is confirming the intermediate uptrend.
  • If the index holds above 1,425 then the intermediate target is 1,530.

Must read 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 candlestick chart analysis

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Not an encouraging candlestick pattern on the weekly chart
TSX Index candlestick chart analysis showing volume and RSI.

TSX Index 3 Year Weekly Chart

Reference the last chart analysis for the TSX index based on the daily chart.

Must read articles from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts with other technical indicators. 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 candlestick chart analysis

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TSX Index must hold 12,000 or it will test 11,500
TSX Index candlestick chart analysis showing the support and resistance levels.

TSX Index YTD Daily Candlestick Chart

Reference the last chart analysis for the TSX Index posted on August 17, 2012.

Must read articles picked from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts with other technical indicators. 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

S&P 500 Index chart analysis

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Another week and another chance for a breakout above 1,420
Candlestick chart for the S&P 500 Index showing support and resistance levels. RSI is confirming the intermediate uptrend.

S&P 500 Index 6 Month Chart

Reference last weeks chart analysis for the S&P 500.

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

S&P 500 Index candlestick chart

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Can the S&P 500 break major resistance?
Intermediate uptrend for the S&P 500 Index with major resistance at 1,420. RSI is confirming the uptrend.

S&P 500 Index 6 Month Candlestick Chart

The technical indicators in the above chart point to the index having a good chance to break major resistance which was the April, 2012 high. This will be a major test for the S&P 500 and the bears are waiting for any signs of capitulation. The only negative is the relatively light volume which is typical for the summer months. But, at least the volume has increased over the last three trading days. Take your signals from the market action and trade accordingly.

Reference the last candlestick chart analysis for the S&P 500

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