Author Archives: Trader

Palladium is now more expensive than gold

What a run! Will it continue? There will be near-term profit taking and then another entry point.

Palladium chart showing the major uptrend

https://www.barrons.com/articles/palladium-prices-51547753272

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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.

© 2019 TradeOnline.ca InvestOnline.ca

Time to nibble on Power Financial (PWF.TO)

Power Financial just tested and held major support. I like the 6.34% yield. The payout ratio is backed by a strong cashflow. The negatives from a technical perspective include the major downtrend and major resistance at the 200-day.

https://www.powerfinancial.com/en/investors/shareholder-reports/

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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.

© 2019 TradeOnline.ca InvestOnline.ca

Near-term uptrend for S&P 500 and up 13.6% from the December low

S&P 500 cleared resistance at 2600 and it cleared the 50-day average.  The next resistance zone is the downward sloping trendline and the 200-day average.  

Reference my last post on the S&P 500 Index.

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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.

© 2019 TradeOnline.ca InvestOnline.ca

Major downtrend for zinc with intermediate consolidation zone

Major downtrend for zinc in 2018.

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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.

© 2019 TradeOnline.ca InvestOnline.ca

S&P 500 near-term uptrend will meet resistance around 2600

S&P 500 near-term uptrend will meet resistance around 2600

Reference my post on the retracement levels for the S&P 500.

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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.

© 2019 TradeOnline.ca InvestOnline.ca

Near-term uptrend for the Japanese yen

The recent upswing in the Japanese yen can be attributed to recent stress in world markets. It is a safe haven currency for Japanese investors as money is repatriated from foreign markets. The yen could easily test resistance near 96.

Candlestick chart for the Japanese yen for a three year period.  Notice the upswing over the past three weeks.  There is a high probability it will test resistance at 96.

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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.

© 2019 TradeOnline.ca InvestOnline.ca

West Texas Intermediate tested major support last week

WTI crude tested major support last week as indicated by the doji on the weekly candlestick chart. The doji is not a reliable indicator for calling bottoms because it represents ambivalence and a market can fall from its own weight. But, it did occur at a major support zone and this gives it more credence. I will look for a morning star formation as confirmation of a trend reversal at this significant support zone.

This weekly chart for WTI shows a test at major support around $42.50.  The doji candlestick is the graphical representation of the test.  Confirmation of a bottom is need with a morning star formation.

Reference my last chart analysis for West Texas Intermediate.

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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 InvestOnline.ca