Author Archives: Trader

Encana 5-Year logarithmic chart

Canadian energy stocks continues to breakout to new highs
Encana continues to breakout to new highs.

Encana 5-Year Weekly Chart

Reference the last chart analysis for the Canadian oil sector.

Reference the sector analysis for the TSX Index.

Reference the fundamentals for Encana.

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“Keep it Simple”

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.

© 2014 TradeOnline.ca

XEG – iShares S&P/TSX Capped Energy Index ETF

Canadian energy sector continues to breakout to new highs
Canadian energy sectors continues uptrend.

5-Year weekly chart for XEG

XEG – iShares S&P/TSX Capped Energy Index ETF

Oil Share Sales Surge as Keystone Worry Fades

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“Keep it Simple”

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.

© 2014 TradeOnline.ca

Canadian market sector performance

Energy sector continues to lead the Canadian market
Energy continues to lead the Canadian market.

TSX Sector Performance over the last week

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“Keep it Simple”

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.

© 2014 TradeOnline.ca

Copper 3-Year weekly chart

Major trend, intermediate trend and near-term trend are down

Copper chart showing the downward trend.

Smaller copper producers are struggling at this price range for the commodity and there is no indication that the price trend will change.

Reference the last chart analysis for copper.

Falling prices put pressure on high-cost copper miners.

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“Keep it Simple”

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.

© 2014 TradeOnline.ca

Canadian dollar chart analysis

Major trend, intermediate trend and near-term trend are down
Major trend is down for the Canadian dollar. Intermediate trend is down for the Canadian dollar. And the near-term trend is down for the Canadian dollar.

Canadian Dollar 2-Year Chart

Reference the last chart analysis for the Canadian dollar posted on December 8, 2013 when it was testing support of $0.9400. This level is now major resistance and the downtrend continues for the dollar. The current support level is now around $0.8900 and there is a high probability this level could be broken. On the long-term chart (not shown) there are support levels at $0.8600 and $0.8400. Yes, there is a high probability we could see the Canadian dollar test the $0.8400 level before the end of the year.

______________________________

“Keep it Simple”

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.

© 2014 TradeOnline.ca

S&P 500 sector performance relative to the index

Funds moving into the relative safety of staples and utilities
Sector performance for the S&P 500 Index over the past week showing funds moving into the relative safety of staples and utilities.

S&P 500 Sector Performance Relative to the Index

References the last analysis for the S&P 500 Index.

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“Keep it Simple”

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.

© 2014 TradeOnline.ca

TSX Index chart showing major resistance at 14,300

Can the TSX Index break major resistance of 14,300?

Chart of the TSX Index showing the intermediate uptrend with major resistance of 14,300

Reference the chart analysis today showing the sector performance.

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“Keep it Simple”

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.

© 2014 TradeOnline.ca