Author Archives: Trader

U.S. Treasury 10-Year Note chart analysis

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Near-term uptrend with resistance at 1.700%
Near-term uptrend for the U.S. Treasury 10-Year Note with resistance at 1.700%. It will meet major resistance at the resistance level of 1.800% which is evident on the weekly chart. Also, note that the the intermediate lateral trading range and divergence of the the RSI which did not confirm the bottom of 1.400%.

U.S. Treasury 10-Year Note 1 year Chart

Near-term uptrend for the U.S. Treasury 10-Year Note with resistance at 1.700%.

Note the divergence between the oscillator (RSI) and the price action when the oscillator did not confirm the low of 1.400%.

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

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

BCE (BCE:TSX) chart analysis

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Always trade in the direction of the major trend
BCE chart analysis. Always trade in the direction of the major trend.

BCE 4 Year Candlestick Chart

This is not the first time I have posted a chart for BCE where I emphasized the most important principle of technical analysis: Always trade in the direction of the major trend. Is there any doubt about the major trend for BCE? The 200 Day SMA is a good approximation of the trendline.

The current resistance level is $43.00 and there is a good chance that BCE will break above this resistance level when it reports before the bell on Wednesday.

Compare the above chart for BCE to the chart for the TSX Index.

The following are samples of my previous posts for BCE:

Must read articles 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

TSX Index: A dismal technical profile

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Stuck in a lateral trading range
TSX Index bar chart shows the inability of the index to breakout of the lateral trading range.

TSX Index 1 Year Bar Cahrt

The lateral trading range sets the limits where the short-term traders will buy and take profits. This is a profitable trading strategy if you are nimble and have the proper trading systems in place. The recent high of 11,900 is an obvious resistance point and the even number of 12,000 near the 200 day moving average will be a key recent point.

What do we have to see for the intermediate period trader? The TSX Index will have to make a confirmed break above 12,000 to have a chance for a run at 12,800. A confirmed break using a filter of 2% would be 12,240 that holds for two days which is the time filter. This is a guideline to guide you in your trading decisions. Technical analysis is not infallible as the markets are governed by the human emotions of greed and fear. And these are powerful forces which can produce severe gyrations in the market.

Always trade in the direction of the prevailing trend. What is the major trend for the TSX Index? What is the intermediate trend? What is the near-term trend? You decide and make the appropriate trading decision. It is your money.

Reference the last chart analysis of the TSX Index posted on July 6, 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

Technical Analysis: S&P 500 Index

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Intermediate uptrend for the S&P 500 Index
Intermediate uptrend for the S&P 500 Index with major resistance at 1,420

S&P 500 Index 6 Month Daily Chart

Reference the last chart analysis for the S&P 500 posted on July 23, 2012.

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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

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Near-term uptrend for Precision Drilling with resistance at $8.00
Precision Drilling candlestick chart showing the near-term uptrend and the confirming indicators of volume, OBV and RSI.

Precision Drilling 6 Month Daily Chart

Reference the last chart analysis for Precision Drilling.

Review the latest earnings release for Precision Drilling and note the positive reaction on the above chart.

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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

S&P 500 Index candlestick chart analysis

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Critical support level to monitor is 1,335
Critical support level for the S&P 500 Index is 1,335. The index is still trading above the upward sloping intermediate trendline.

S&P 500 Index 6 Month Daily Chart

The support level of 1,335 is near the 50 day moving average. This is a key intermediate support level and automated trading systems are programmed to initiate sell orders went the level is breached by a predetermined amount.

Reference the previous chart analysis for the S&P 500 Index showing the upward sloping intermediate trendline.

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

Microsoft (MSFT) candlestick chart

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Bearish Engulfing Pattern for Microsoft
Bearish engulfing pattern on the daily candlestick chart for Microsoft.

Microsoft (MSFT) 6 Month Daily Chart

Microsoft Reports Record Fourth-Quarter and Full-Year Revenue.

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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 S&P 500 Index

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Intermediate uptrend for the S&P 500 Index
Intermediate uptrend for the S&P 500 Index. Resistance levels identified on the daily chart.

S&P 500 Index 6 Month Daily Chart

Reference the last chart analysis for the S&P 500 Index published on June 8, 2012.

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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