Category Archives: Other Topics

Yearly growth in Canada’s economy has averaged 3.5% in 2017

Yearly growth in Canada's economy has averaged 3.5% in 2017.

https://www.bloomberg.com/news/articles/2017-11-16/canadians-give-trudeau-little-credit-for-boom-amid-deficit-fears

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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

Shiller PE Ratio for the S&P 500 at the higher end of the scale

Shiller PE Ration long-term chart

Current Shiller PE Ratio: 31.42 +0.03 (0.09%)
4:02 pm EDT, Tue Oct 31
Mean: 16.80
Median: 16.14
Min: 4.78 (Dec 1920)
Max: 44.19 (Dec 1999)
Shiller PE ratio for the S&P 500.

http://www.multpl.com/

______________________________

“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. unemployment rate at 4.30%

The current unemployment rate of 4.30% is below the 2007 low of 4.40%. Theoretically, there should be wage inflation at this “low” unemployment rate. But the year over year wage increase is a relatively benign 2.5%. Why would the Fed be in a rush to raise rates?

Chart showing the U.S. unemployment rate.

http://www.investopedia.com/terms/v/vix.asp

______________________________

“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

Volatility Index (VIX) at an extreme low of 9.36

Is this the calm before the storm?

VIX at extreme low.

http://www.investopedia.com/terms/v/vix.asp

______________________________

“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

Intermediate downtrend for West Texas Intermediate

West Texas Intermediate is testing major support in the $42 to $43 price zone. There is a high probability this support zone will not hold which would put a test of the $40 price zone in play. If you need another negative, the 50-day moving average has crossed below the 200-day moving average: the old death cross.

Intermediate downtrend for WTI.

Reference my last chart analysis for WTI posted on May 4, 2017.

______________________________

“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

Thomson Reuters/Jefferies CRB Index

Long-term downtrend for the CRB Index

Major downtrend for Reuters Jefferies CRB Index

It currently is made up of 19 commodities as quoted on the NYMEX, CBOT, LME, CME and COMEX exchanges. These are sorted into 4 groups, each with different weightings. These groups are:

  • Petroleum based products (based on their importance to global trade, always make up 33% of the weightings)
  • Liquid assets
  • Highly liquid assets
  • Diverse commodities.

The index comprises 19 commodities: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, Silver, Soybeans, Sugar, Unleaded Gas and Wheat. The tenth revision of the index renamed it the Thomson Reuters/Core Commodity CRB Index, or TR/CC CRB.

https://en.wikipedia.org/wiki/Thomson_Reuters/Jefferies_CRB_Index

______________________________

“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

West texas Intermediate plunges 4.81% through $47 support

There is some support around $45 but the near-term downtrend will test major support around $43

West Texas Intermediate 8-Month Daily Chart

West Texas Intermediate 8-Month Daily Chart

______________________________

“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