Author Archives: Trader

West Texas Intermediate daily chart – 35 is major support

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The near-term uptrend for WTI failed at 39 so this is the current reference point for the resistance level. WTI dropped 1.74% today to close at 36.72. The 36 level is a tentative support level that would trigger sell orders if crude breaks below this point. But, the major support level is 35. A Break below 35 would trigger heavy selling and a test of the February lows would come into play.

West Texas Intermediate 5-Month Daily Chart showing major support at 35

West Texas Intermediate 5-Month Daily Chart

Reference my chart analysis for WTI on March 2, 2016 when 35 was major resistance for the near-term uptrend. Because of the reversal of roles, 35 is now major support.

https://en.wikipedia.org/wiki/West_Texas_Intermediate

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“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

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5-year chart for copper showing the major downtrend

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Dr. Copper: Nice ski hill, what does this chart tell us about the prognosis for the world economy?

Copper five year chart showing the major downtrend

 

Reference the last chart analysis for copper published on March 7, 2016.

Reference the last chart analysis for Teck Resources published on March 6, 2016.

______________________________

“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

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YTD: Utilities is the leading sector in the S&P 500

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S&P 500 Sector Performance

S&P 500 Sector Performance

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“If you dither, you lose”

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

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Near-term uptrend for the Canadian dollar

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Canadian dollar testing resistance at the 200-day moving average. A breakout above resistance would indicate an intermediate target of $0.7800

Canadian Dollar 6-month candlestick chart showing the near-ter uptrend with resistance at the 200-day simple moving average.

Canadian Dollar 6-Month Candlestick Chart

The loonie rose by almost a penny against the U.S. dollar on Wednesday, as oil resumed its climb and the Bank of Canada kept interest rates unchanged. Read the rest of the story………………

______________________________

“If you dither, you lose”

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

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S&P 500 near-term uptrend fails at 2000 resistance zone

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Trouble at 2000 and still below the 200-day simple moving average

Chart showing the failure of the S&P 500 at 2000

S&P 500 6-Month Chart

______________________________

“If you dither, you lose”

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

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Shopify (SHOP) 6-month daily candlestick chart

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Shopify upgraded with a $35 price target. Breakout at $24. Near-term uptrend and momentum indicators confirming the move

Shopify 6-month daily chart_2016-03-08

Shopify stock has 35% upside, analyst says

https://www.shopify.ca/

Update March 18, 2106: Google is rumoured to be shopping for takeover targets to bolster its cloud computing platform and work place applications.    Read…………………………..

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“If you dither, you lose”

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

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Doji Star appears on the daily chart for copper

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The doji star is a potent warning when it appears after a sustained uptrend. It is a yellow light indicating caution. It appeared right below major resistance at the 200-day moving average. Monitor the price action on Tuesday for the possible formation of the evening doji star which is an open below the doji and a close deep into the prior white candlestick. This formation would put the brakes on the near-term uptrend for copper.

Copper 6-Month Daily Chart showing the doji star.

Copper 6-Month Daily Chart

Reference my last chart analysis for copper.

StockCharts.com has a concise summary of the candlestick patterns.

Evening Doji Star: A three day bearish reversal pattern similar to the Evening Star. The uptrend continues with a large white body. The next day opens higher, trades in a small range, then closes at its open (Doji). The next day closes below the midpoint of the body of the first day.

candleeveningdojistar

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“If you dither, you lose”

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

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AMC (AMC) Entertainment daily chart

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AMC was a featured stock January 27, 2016 when it was trading at $20.92.

AMC Entertainment 6-Month Chart

AMC Entertainment 6-Month Chart

https://tradeonline.ca/2016/01/27/amc-amc-entertainment-holdings-at-major-support/

______________________________

“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

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