Author Archives: Trader

Chart showing the monthly average discount for WCS to WTI

Monthly average discount for WCS to WTI

http://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices

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“What is the major tend? What is the intermediate trend? What is the near-term trend?”
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

Major uptrend for WTI with breakouts above two resistance levels of $55 and $60

Four -Year Chart for West Texas Intermediate

Reference my last chart for West Texas Intermediate when crude was about to test resistance at $60. The reversal of roles from resistance to support or support to resistance is an important concept in technical analysis.

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“What is the major tend? What is the intermediate trend? What is the near-term trend?”
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

Is this the bottom for GE?

GE weekly chart showing the bottoming process

https://www.barrons.com/articles/another-big-ge-stock-buyer-centurylink-unit-1515524629

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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.
© 2017 TradeOnline.ca

Potential major breakout for Teck Resources at $34.00

I recommended and took a major position in Teck Resources on December 17, 2015 below $5.00

Major breakout for Teck Resources at $34.00

https://tradeonline.ca/2015/12/17/is-this-the-bottom-for-teck-resources/

https://www.teck.com/investors/

______________________________

“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.
© 2017 TradeOnline.ca

Major uptrend for U.S. Treasury 2-Year Yield

U.S. Treasury 2-Year Treasury Yield

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The following chart is an update showing the break above 2.00%

Two-Year US Treasury Yield

https://www.bloomberg.com/news/articles/2018-01-12/u-s-2-year-yield-tops-2-for-first-time-since-financial-crisis

______________________________

“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.
© 2017 TradeOnline.ca

U.S. Dollar Index will test major support around 91

Major downtrend, intermediate downtrend and near-term downtrend for the U.S. dollar index. Why does this matter? One example is the inverse relationship with commodities which are priced is U.S. dollars. This is one factor for the near-term uptrend in the price of West Texas Intermediate (WTI) crude.

U.dollar index will test major support around 91.

______________________________

“What is the major tend? What is the intermediate trend? What is the near-term trend?”
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.
© 2017 TradeOnline.ca

TSX Index up 6.03% for 2017

TSX Index sector performance for 2017.

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“What is the major tend? What is the intermediate trend? What is the near-term trend?”
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.
© 2017 TradeOnline.ca

S&P 500 up 19.42% for 2017

S&P 500 Index showing the performance by sector for 2017.

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities. There is over USD 7.8 trillion benchmarked to the index, with index assets comprising approximately USD 2.2 trillion of this total. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

______________________________

“What is the major tend? What is the intermediate trend? What is the near-term trend?”
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.
© 2017 TradeOnline.ca