Category Archives: Other Topics

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

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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

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.

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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

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

Adjusted or unadjusted charts in stockcharts.com?

Stockcharts.com displays adjusted charts as a default. The data is adjusted by adding dividends back into the stock price. When a company pays a relatively high dividend, this has a dramatic impact on the weekly chart. It is my opinion that unadjusted charts should be used in technical analysis. The following three-year weekly charts for Dream Office REIT highlight the impact of using adjusted charts. What chart would you use for your chart analysis? Or, does it matter?

Dream Office REIT 3-Year Weekly adjusted chart

Dream Office REIT 3-Year Weekly adjusted chart

http://stockcharts.com/articles/mailbag/2014/11/what-is-the-difference-between-adjusted-and-unadjusted-data.html?

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The following chart uses unadjusted data and this is the chart I would use for my technical analysis

Dream Office REIT 3-Year weekly unadjusted Chart

Dream Office REIT 3-Year weekly unadjusted Chart

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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

Is the S&P 500 Index overvalued based on historical metrics?

chart showing the S&P 500 Index as the numerator and the U.S. GDP as the denominator.

The Barron’s article.

______________________________

“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

Biotech sector (IBB) poised for a breakout

Biotechnology ETF (IBB) Weekly Chart

https://www.ishares.com/us/products/239699/ishares-nasdaq-biotechnology-etf

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“Technical Analysis is about putting the probabilities on your side.”

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.

© 2017 TradeOnline.ca

Have a great trading day. Any questions? Email [email protected]

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Foreigners are invested in Canadian housing

Chart shoing the mortgage debt held by Canadian Banks and the foreign debt held by Canadian banks.

https://www.bloomberg.com/news/articles/2017-02-27/foreigners-housing-bets-start-with-banks-canada-economy-watch

______________________________

“Technical Analysis is about putting the probabilities on your side.”

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.

© 2017 TradeOnline.ca

Have a great trading day. Any questions? Email [email protected]

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