Author Archives: Trader

Should you invest in the TSX?

TSX Index could not hold the old trading range
TSX Index daily candlestick chart showing the near-term downtrend.  A shooting star candlestick is identified on the chart.

TSX Index Daily Chart courtesy of StockCharts.com

The TSX Index could not hold support of 12,600 in the old lateral trading range. Will the near-term downtrend stop at the support level of 12,300? If not, the TSX will move down to the support level of 12,000.

Should you invest in the TSX? The above chart is your answer. Now take a look at another chart.

Reference the last chart analysis for the TSX Index.

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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.

© 2013 TradeOnline.ca

S&P 500 Index candlestick chart

Line in the sand for S&P 500 is 1600
S&P 500 Index candlestick chart showing the near-term downtrend and support at 1600.

S&P 500 Index Candlestick Chart

Major trend is up, intermediate trend is up and the near-term trend is down with support at 1600. The 40-day SMA is a good approximation of the trendline.

Reference the last sector analysis for the S&P 500 published on April 12, 2013 showing the relative performance of each sector.

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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.

© 2013 TradeOnline.ca

TSX Index YTD performance

Chart compares TSX Index to S&P 500 Index
TSX Index chart showing the YTD performance compared to the s&P 500.

TSX Index and S&P 500 Index YTD courtesy of StockCharts.com

Reference the last chart analysis for the TSX Index.

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

______________________________

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.

© 2013 TradeOnline.ca

TSX Index chart showing resistance at 12,900

TSX Index has moved into the old lateral trading range
TSX Index chart analysis showing the near-term uptrend and resistance at 12,900 with support at 12,600.

TSX Index Candlestick Chart

TSX Index chart analysis showing the near-term uptrend and resistance at 12,900 with support at 12,600. The most important points from this chart are the old lateral trading range and the major resistance level of 12,900. Can the TSX break 12,900 before the S&P 500 corrects? There was a feeble attempt on May 22 represented by the shooting star candlestick and a bounce off support the next day. Overall, the TSX index has a weak technical profile.

Reference the last chart analysis for the TSX Index.

______________________________

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.

© 2013 TradeOnline.ca

TSX Index YTD sector performance

TSX up 1.44% YTD and Materials down 25.37%
Chart showing the YTD performance of the TSX Index highlighting the financial, energy and materials sectors

TSX Index YTD Performance courtesy of StockCharts.com

Financials (XFN ETF), Energy (XEG ETF) and Materials (XMA ETF) represent approximately 75% of the TSX Index.

Compare this chart for the TSX Index to the chart for the S&P 500 Index.

______________________________

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.

© 2013 TradeOnline.ca

S&P 500 YTD absolute performance by sector

S&P 500 up 16.92% with Health Care leading at 23.65%
S&P 500 Sector ETFs YTD Absolute Performance

S&P 500 Sector ETFs YTD Absolute Performance courtesy of StockCharts.com

Reference the last sector analysis for the S&P 500 published on April 12, 2013 showing the relative performance of each sector.

The theory now is that money will flow into the lagging sectors including technology, materials and energy.

______________________________

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.

© 2013 TradeOnline.ca

TSX Index technical analysis

Near-term uptrend for TSX with resistance at 12,600
TSX chart showing the near-term uptrend with resistance at 12,600.

TSX Index Daily Chart courtesy of StockCharts.com

Reference the last chart analysis for the TSX Index.

______________________________

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.

© 2013 TradeOnline.ca