TSX Index Three-Year Weekly Candlestick Chart
The TSX Index must make a convincing (+2%) consecutive two-day close above 13,500 to set-up a test of major resistance at 14,300. At this stage, the TSX is much weaker than the DOW, NASDAQ, or the S&P 500.
Reference the previous analysis to the TSX Index.
S&P 500 Index Three-Year Weekly Candlestick Chart
There is a high probability that the S&P 500 Index will test major resistance of 1,370 within the next two weeks. Using the 2% rule, a convincing close of 1,400 for two consecutive days would set-up the index for an upside target of 1,470.
A failed low-volume test of resistance would see the S&P 500 index move into a trading range of 1,350-1,250. And then we will be back to monitoring the major support level of 1,250.
Reference the previous analysis of the S&P 500 Index using candlesticks
S&P 500 Index Three-Year Weekly Chart
Key points from the above chart of the S&P 500 Index:
Reference the previous analysis for the S&P 500 Index.
Visit BigCharts and complete your own analysis.
Wall St Week Ahead: Bulls ready to charge into wall of worry
TSX Index - Three-Year Weekly Chart
Key points from the above chart of the TSX Index:
Did I miss any other negative points? Do you see any positive indicators?
Reference the previous analysis for the TSX Index.
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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.
(CNQ:TSX) Daily Chart
Key points from the chart:
Reference the updated chart analysis for CNQ published on November 4, 2011.
Reference the previous analysis for CNQ.
Reference the website for Canadian Natural Resources to review the fundamental data.
RioCan REIT (REI.UN) Three-Year Weekly Candlestick Chart
Reference my previous chart analysis for RioCan REIT.
Relevant articles picked from the Web:
Globe and Mail : Target’s store picks a bullseye for RioCan REIT: TD
Financial Post: Depressed U.S. commercial property prices good news for REITs
Financial Post. Oct 5, 2011: Rental income, tax breaks give REITs stability
Globe and Mail, Oct 6, 2011: What the FFO? How to gauge a REIT’s profits
Globe and Mail, Nov 7, 2011: RioCan triples third quarter profit on acquisitions
Globe and Mail, Jan 9, 2012: A REIT ripe for investors
Financial Post, Jan 13, 2012: Canadian REITs are poised for more dougle digit gains over the next twelve months
Financial Post, Jan 13, 2012: 10 rules for investing in REITs
Retrocom REIT (RMM.UN) 3-Year Weekly Chart
Always trade in the the direction of the trend:
Reference this Globe and Mail article: How a real estate analyst’s picks left peers in the dust
Another article: Retrocom: A small REIT with big-growth potential
Retrocom Mid-Market REIT (TSX: RMM.UN) is an Ontario unincorporated open-end real estate investment trust which focuses on owning and acquiring community-based properties in primary and secondary cities across Canada with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows.
Review my previous analysis of Riocan REIT
Review my previous chart analysis of Dundee REIT
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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.
S&P 500 Index Three-Year Weekly Chart
Reference the previous analysis of the NASDAQ Index.