Author Archives: Trader

Alcoa (AA) logarithmic chart

Intermediate uptrend for Alcoa with resistance at $11.00
Weekly chart for Alcoa showing the intermediate uptrend with resistance at $11.00.  The chart shows OBV, RSI and volume.

Alcoa 4-Year Weekly Logarithmic Chart courtesy of BigCharts.com

With a 41% gain from the July low and concerns over the top line growth, you would expect profit taking at the $11.00 resistance level.

Reference some excerpts from the fourth quarter release:

Fourth quarter 2013 revenue was $5.6 billion, compared with $5.8 billion sequentially, and $5.9 billion in fourth quarter 2012, as realized aluminum prices declined 1 percent sequentially, and 7 percent year-over-year.

Revenue in 2013 was $23.0 billion, compared to $23.7 billion in 2012 as realized aluminum prices declined 4 percent year-over-year.

In 2014, Alcoa projects global growth in the aerospace (7 percent to 8 percent), automotive (1 percent to 4 percent), packaging (2 percent to 3 percent), and building and construction (4 percent to 6 percent) markets. After a strong 2013, Alcoa projects a steady commercial transportation market (-1 percent to 3 percent), and a decline in the industrial gas turbine market (-8 percent to -12 percent) on lower orders for new gas turbines and spare parts.

Alcoa sees global aluminum demand growth of 7 percent in 2014, after 7 percent growth in 2013.

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“It is not when you buy that counts, it is when you sell”

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 chart showing the consolidation zone

Major resistance for copper is $3.40
Copper chart showing major resistance of $3.40

Copper 1-Year Chart

The chart for copper shows ambivalence as represented by the consolidation zone. Copper is a good proxy for the world economy: in particular China. One can extrapolate the chart activity for copper to the indecision about the growth prospects (GDP) for China.

Do you think copper can break $3.40?

Reference the last chart analysis for copper based on the daily chart.

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“It is not when you buy that counts, it is when you sell”

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 ETFs Performance Chart for 2013

Happy New Year: It was a very good year for the S&P 500 +29.6%

S&P 500 Sector Performance Chart for 2013.

S&P 500 Sector Performance Chart for 2013 courtesy of StockCharts.com


This sector performance chart for the s&P 500 speaks for itself. No annotation required!

After a run like this, do you think a “correction” is imminent? Or will the S&P500 continue its upward trend?

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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 sector performance chart for 2013

TSX Index up 9.55% with an uneven sector performance

TSX Index sector performance for 2013.  The materials sector was a major drag on the index.

TSX Index Sector Performance for 2013

Canadian stock market sector performance for 2013. It was a subpar performance relative to other world indexes.

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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 sector performance

Materials sector up 3.81% the past week
Bar chart showing the performance of the TSX sectors over the past week.

TSX Index Sector Performance

The gain in materials over the past week gave the TSX Index a tentative close above 13,500. Can the materials sector continue to advance without upward movement in the underlying commodities?

Reference the recent chart analysis for copper which is struggling at the resistance level.

Reference the last chart analysis for the TSX sectors.

S&P/TSX Capped Materials 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

U.S. Treasury 10-Year Yield Chart

3.00% is a key resistance point
The key resistance point for the 10-year Treasury is 3.00% with an indicated intermediate target of 3.80% on a breakout.

10-Year Treasury Yield

The 10-year Treasury closed at 2.924% today as it moves closer to the key resistance point of 3.00%. A breakout above this resistance point would indicate a target of 3.80%.

Reference my last chart analysis of the 10-yeat Treasury.

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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.

TSX Index candlestick chart

Gravestone Doji and 13,500 resistance on the TSX daily chart
TSX Index daily candlestick chart highlighting the gravestone doji and the resistance level of 13,500.

TSX Index Daily Candlestick chart courtesy of StockCharts.com

I am not surprised to see the gravestone doji on the today’s TSX candlestick daily chart. The doji is a significant reversal indicator. It indicates that the near-term trend that started on Monday has ended at the major resistance level of 13,500. Like I said, this is no surprise.

Reference previous posts for the TSX Index showing the 13,500 resistance level.

Natural Gas Monthly Price – US Dollars per Million Metric British Thermal Unit Nov,1993-Nov,2013

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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