Author Archives: Trader

Fortune Minerals (FT.TO) testing major support

Trading below the 200-day moving average with a death-cross

https://www.fortuneminerals.com/investors/default.aspx

https://www.investopedia.com/terms/d/deathcross.asp

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“Technical Analysis is about enjoying the ride and knowing the exit”

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2018 TradeOnline.ca

U.S. Home Construction iShares (ITB) testing major support of $38

https://www.ishares.com/us/products/239512/ishares-us-home-construction-etf

https://www.ishares.com/us/literature/fact-sheet/itb-ishares-u-s-home-construction-etf-fund-fact-sheet-en-us.pdf

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“Technical Analysis is about enjoying the ride and knowing the exit”

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2018 TradeOnline.ca

Lumber at a record high

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“Technical Analysis is about enjoying the ride and knowing the exit”

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2018 TradeOnline.ca

U.S. 10-Year Treasury yield closes above 3.00%

This is a major breakout above 3.00% resistance and a seven-year high. The 3.00% level is now major support. The reversal of roles is an important concept in technical analysis.

Reference my last post on the U.S. 10-Year Treasury

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Here is the view from the longer term 6-year weekly chart

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“Technical Analysis is about enjoying the ride and knowing the exit”

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2018 TradeOnline.ca

West Texas Intermediate trading above $70

Reference my last chart analysis for WTI.

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“Technical Analysis is about putting the probabilities on your side.”

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2018 TradeOnline.ca

Another test for S&P 500 at 200-day average

The S&P 500 is holding at the 200-day average. The near-term trend is positive and I am looking for a test near the April high of 2717. A breakout above the April high would be a positive near-term signal for the S&P 500.

Here is a live 4-year weekly chart for the S&P 500 Index.

Reference my last post for the S&P 500 index.

Here was my post on the sector performance.

List of S&P 500 companies

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“Technical Analysis is about putting the probabilities on your side.”

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2018 TradeOnline.ca

West Texas Intermediate confirmed breakout above $66

Major trend is up, intermediate trend is up and near-term trend is up. The next test is $70.

Reference the last technical analysis for WTI when it was testing $66.00

______________________________

“Technical Analysis is about putting the probabilities on your side.”

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2018 TradeOnline.ca

U.S. 10-Year Treasury will test major resistance at 3.00%

Reference the last post for the 10 Year Treasury.

______________________________

“Technical Analysis is about putting the probabilities on your side.”

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2018 TradeOnline.ca