Author Archives: Trader

Technical Analysis: VIX – CBOE Volatility Index

Showing some fear: VIX breaks above 20
Chart analysis of the the VIX showing the break above 20 with a bullish shaven head  candlestick.

VIX Weekly Canlestick Chart

VIX closed above the resistance level of 20 (now support) on a bullish shaven head candlestick.

Reference the previous chart analysis for CBOE Volatility Index — VIX.

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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

Copper breaks below the lateral trading band

Near-term trend is down for copper
Chart analysis of copper showing support and resistance levels

One Year Copper Chart

Reference the previous chart analysis of copper.

View Kitco for updated charts and other time periods.

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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 candlestick chart

TSX closed below support of 12,000
TSX Index closes below support of 12,000.  The reversal of roles is an important concept in technical analysis. New resistance level is 12,000

TSX Index Weekly Candlestick Chart

TSX Index still has a negative technical profile: nothing new in this statement. The intermediate trend is down and the near-term trend is down. The index closed below the support level of 12,000 which is now the resistance level. The above candlestick chart is a graphical representation of the negative sentiment plaguing the index. A picture is worth thousand words.

Reference last weeks 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

VIX – CBOE Volatility Index – chart analysis

VIX - CBOE Volatility Index - chart analysis showing the support and resistance levels.

VIX Weekly Chart

This is a key indicator that I monitor daily.

A good overview of the VIX From Wikipedia.

Reference the last chart analysis for 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

Copper maintains the lateral trading band
Copper chart analysis showing the lateral trading band.

One Year Chart of Copper

Reference the last chart analysis for copper.

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: U.S. Treasury 10-Year Note

Near-term trend is down with support at 1.80%
The near-term trend is down for the U.S. Treasury 10-Year Note and the intermediate trend is sideways.

U.S. Treasury 10-Year Note Weekly Chart

This is a key indicator that I monitor daily.

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

______________________________

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

Thomson Reuters (TRI:TSX) candlestick chart analysis

Shooting star candlestick at resistance of $30.00
Thomson Reuters six month daily candlestick chart showing a shooting star candlestick as a reaction to the earnings release.

Thomson Reuters (TRI:TSX) Daily Chart

There was a positive reaction to the earnings release for Thomson Reuters as indicated by the gap and the close of $29.78. But the shooting star candlestick is a graphical representation of the selling pressure at the $30.00 resistance level. The stock opened at $29.75, rallied to $30.21 but closed at $29.78: practically unchanged from the open.

The trend is everything in technical analysis. The major trend is down for Thomson Reuters, the intermediate trend is sideways and the near-term trend is up.

A confirmed break (use the percentage and time filter) above resistance of $30.00 would indicate an intermediate target price of $33.00. If the stock cannot break resistance, it will continue to trade in the congestion zone with support around the $28.00 level.

Thomson Reuters Reports First-Quarter 2012 Results

We are all students of the market and it can be a harsh teacher. Enjoy your trading day.

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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 candlestick chart analysis

TSX continues to hold the 12,000 support level
TSX Index candlestick chart analysis showing the support level of 12,000

TSX Index Weekly Chart

Still a negative technical profile for the TSX Index. Can anyone show me one positive attribute on this chart? Yes, it continues to hold 12,000.

One glimmer of hope for the TSX is that the energy stocks, as measured by the broad-based ETF (XEG:TSX), may have a bottom. XEG found support at $15.50 and is in a near-term uptrend but the major trend is still down. Trade according to the market signals.

On another subject related to the TSX Index, the downward spiral in natural gas seems to have stopped. Zero was in sight. But, a lot of investors were burnt with this commodity. Play natural gas cautiously and have predetermined exit points. A conservative play on natural gas is Encana (ECA:TSX), a direct play on the commodity is the U.S. Natural Gas Fund (UNG), and a leveraged play for the aggressive investor is Horizons BetaPro (HNU:TSX).

Reference the last chart analysis for the TSX Index.

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