Author Archives: Trader

WD-40 (WDFC) long-term chart

I published the long-term chart for WD-40 as an example of identifying the major uptrend and riding the trend. A simple strategy of staying in the trade above the 40-week simple moving average was a simple winning strategy: enter above 40-week sma and exit below 40-week sma. The consumer staples sector was a winning sector over the past 6 years.

Long-term chart for WD-40  showing the major uptrend.

WD-40 Long-Term Chart (2004-2016)

http://investor.wd40company.com/overview/default.aspx

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

S&P 500 Index major resistance at 2100

S&P 500 weekly chart showing major resistance at 2100.

S&P 500 3-Year Candlestick Chart

Reference the last chart analysis for the S&P 500 Index.

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

TSX Index chart analysis

TSX Index near-term uptrend meeting resistance at 13,500 near the 200-day simple moving average

TSX Index near-term uptrend meeting resistance at 13,500 near the 200-day simple moving average.

TSX Index 3-Year Weekly Candlestick Chart

Reference the last chart analysis for the TSX Index.

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

Breakout for iShares Nasdaq Biotechnology ETF (IBB)

Biotechnology stocks had a huge move today. Breakout for IBB on the daily chart at $270. The breakout was on heavy volume. The candlestick today was a tall white shaven bottom and shaven head candlestick. Volume, OBB, RSI and MACD are confirming the move for this market-cap weighted ETF.

Breakout for iShares Nasdaq Biotechnology ETF (IBB) on heavy volume

IBB 6-Month Daily Chart

iShares Nasdaq Biotechnology ETF

XBI is an equal weighted etf which had a similar move today.

http://blogs.barrons.com/stockstowatchtoday/2016/04/06/biotech-the-waiting-game/

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

U.S. oil rig count and WTI spot price

The U.S. oil-directed rig count totaled nearly 1,600 rigs in the fall of 2014. However, the decline in oil prices over the past 18 months has reduced drilling activity, with just 413 rigs operating as of February 19, 2016

Low oil prices and reduced capital expenditure for drilling new wells have been reflected in declining crude oil production in the United States since May 2015, despite the continuing increase in initial production rates of the new wells that were still being drilled and completed. Oil production from new wells has so far been able to keep U.S. crude oil production from falling significantly below its level in late 2014. However, EIA's Short-Term Energy Outlook projects that U.S. oil production will decline over the next two years, falling to 8.7 million b/d in 2016 and to 8.2 million b/d in 2017.

http://www.eia.gov/todayinenergy/detail.cfm?id=25472

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

Hydraulic fracturing accounts for about half of U.S. oil production

Even though hydraulic fracturing has been in use for more than six decades, it has only recently been used to produce a significant portion of crude oil in the United States. This technique, often used in combination with horizontal drilling, has allowed the United States to increase its oil production faster than at any time in its history. Based on the most recent available data from states, EIA estimates that oil production from hydraulically fractured wells now makes up about half of total U.S. crude oil production.

http://www.eia.gov/todayinenergy/detail.cfm?id=25372

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

World Liquid Fuels Production and Consumption Balance

The following chart provides a graphical perspective on the liquid fuels production and consumption balance. With all the daily bantering on the networks, the chart provides a base case for a general overview of the imbalance. You can click on the link below the chart for a detailed review of the data and assumptions used in the construction of the chart. Draw your own conclusions and trade accordingly.

Global oil inventories are forecast to increase by an annual average of 1.6 million b/d in 2016 and by an additional 0.6 million b/d in 2017. These inventory builds are larger than previously expected, delaying the rebalancing of the oil market and contributing to lower forecast oil prices. Compared with last month's STEO, EIA has revised forecast supply growth higher for 2016 and revised forecast demand growth lower for both 2016 and 2017. Higher 2016 supply in this month's STEO is based on indications that production is more resilient to lower prices than previously expected. Notably, revisions to historical Russian data, which raised the baseline for Russian production, carry through much of the forecast. Additionally, lower expectations for global economic growth contributed to a reduction in the oil demand forecast.

https://www.eia.gov/forecasts/steo/report/global_oil.cfm

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

CRB Index long-term chart showing major downtrend

Long-term chart for the CRB Index showing the major downtrend in commodities.  It is below the 2009 low.  Where is the bottom?

CRB Index Chart for 2004-2016

https://en.wikipedia.org/wiki/Thomson_Reuters/Jefferies_CRB_Index

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

Positive SSL on a transparent background