Author Archives: Trader

Technical Analysis: Gold

A 2.25% pop for GOLD today but……….

Daily chart for gold showing the 2.25% pop today. Relative weakness in the U.S. dollar today and short covering are two possible reasons for the pop today. But the major trend is down and the intermediate trend is down. Gold will meet heavy resistance at 1,200.

Gold Daily Chart

Daily chart for gold showing the 2.25% pop today. Relative weakness in the U.S. dollar today and short covering are two possible reasons for the pop. But the major trend is down and the intermediate trend is down. Gold will meet heavy resistance at 1,200.

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And the view from the weekly chart for gold

Weekly chart for gold showing the intermediate downtrend with support and resistance levels.

Gold 3-Year Weekly Chart

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Long uphill road ahead for the gold miners

Chart showing the pop in the gold miners.

GDX Weekly Chart

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Shorts covered today but will be back

DZZ PowerShares double short for gold.

DZZ PowerShares DB Gold Double Short ETN Daily Chart

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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.

United States Oil Fund ETF (USO) weekly chart

A break below major support of 29 for USO

A break below major support of 29 for U.S. Oil Fund (USO)

USO 3-Year Chart

USO ETF is a proxy for West Texas Intermediate.

Reference the last chart analysis for USO.

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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.

United States Oil Fund ETF (USO) weekly chart

Again! Oil (USO ETF) will test major support of 29

USO will test major support of 29. Intermediate trend is down and near-term trend is down.

USO 3-Year Weekly Chart

Again, USO will test major support of 29. Intermediate trend is down and near-term trend is down.

The United States Oil Fund® LP (USO) is an exchange-traded security designed to track the daily price movements of West Texas Intermediate (“WTI”) light, sweet crude oil. USO issues shares that may be purchased and sold on the NYSE Arca………………….

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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.

Percent of stocks above 200-day moving average

Down together but divergence in the recovery

Percent of stocks in the TSX Index and the S&P 500 Index above the 200-day moving average.

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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.

Portfolio risk and diversification

10 Stocks. Past that, buy an index fund

The Pros and Cons of Stock Diversification

Modern Portfolio Theory: Why It’s Still Hip

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“It is all 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.

© 2014 TradeOnline.ca

U.S. Natural Gas Fund ETF (UNG) chart analysis

Breakout on daily chart on heavy volume for UNG

Breakout for the United States Natural Gas Fund (UNG) on heavy volume

UNG Daily Chart

Breakout for the United States Natural Gas Fund (UNG) on heavy volume.

Contrast this chart with the one for West Texas Intermediate……………..

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View from the weekly chart showing the resistance levels

Weekly chart for U.S. Natural Gas Fund ETF showing the breakout and the resistance levels.

UNG Weekly Chart

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“It is all 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.

© 2014 TradeOnline.ca

TSX Index YTD sector performance

+6.91 gain for the TSX Index: energy and materials underperform

TSX Index ytd performance showing the 6.91% ytd gain and the drag on the index of materials and energy.

TSX Index YTD Performance by Sector

TSX Index ytd performance showing the 6.91% ytd gain and the drag on the index by materials and energy.

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“It is all 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.

© 2014 TradeOnline.ca

United States Oil Fund ETF (USO) chart analysis

Major support level for USO is 29

USO weekly chart showing the critical support level of 29. The intermediate trend is down.

USO 3-Year Weekly Chart

Reference the last chart analysis for WTI.

News release for November 5, 2014: OPEC sees bigger output drop

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“It is all 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.

© 2014 TradeOnline.ca