Category Archives: TSX Index

Technical analysis of the Canadian stock market

Intermediate uptrend still in effect for the Canadian stock market
Uptrend still in effect for the Canadian market. The TSX Index bounced off support of 13,500 which is near the 50-day moving average.

TSX Index 4-Year Weekly Chart

The TSX Index bounced off support of 13,500 which is near the 50-day moving average.

Reference the last chart analysis for the Canadian market.

Relevant articles picked from the Web:

Studies show that about half of mutual fund investors don’t know they’re paying any fees at all.

______________________________

“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

TSX Index chart analysis

Intermediate uptrend for the TSX Index
Weekly chart for the TSX Index showing the intermediate uptrend for the Canadian market. Resistance is 14,000 and the next level is the 2011 high around the 14,300 level.

TSX Weekly Chart courtesy of BigCharts.com

Weekly chart for the TSX Index showing the intermediate uptrend for the Canadian market. Resistance is 14,000 and the next level is the 2011 high around the 14,300 level.

Reference my chart analysis from April, 2011 as the TSX Index met resistance at the 14,300 level.

______________________________

“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

TSX Index sector performance chart

Materials sector up 4.69% last week
TSX Index performance by sector over the last week.

TSX Index 1-Week Performance by Sector courtesy of StockCharts.com

Reference the last sector analysis for the TSX Index which detailed the sector performance for 2013. The materials sector was a big drag in 2013 and is now showing some life. Can the the materials sector continue to move up when the underlying commodities are not breaking out to the upside?

Relevant articles picked from the Web:

  • ______________________________

    “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

    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.

    ______________________________

    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.

    ______________________________

    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 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

    ______________________________

    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

    Technical Analysis: TSX Index Daily Chart

    High probability TSX Index will test support of 12,900
    Tall shaven head and bottom candlestick does not bode well for the TSX Index.  High probability the index will test major support of 12,900.

    TSX Index 7 Month Daily Candlestick Chart courtesy of StockCharts.com

    Technical analysis is all about evaluating probabilities. There are no sure things when you evaluate a chart: just guideposts. In the near-term, the above chart indicates a high probability that the TSX Index will test support of 12,900. And there is a low probability that the index will break resistance of 13,500.

    Here are the negative points from the above chart:

    1. Tall shaven head and bottom candlestick on the chart today
    2. The 10-Day SMA crossed below the 20-Day SMA
    3. The volume was average today but volume does not have to confirm a downtrend
    4. RSI is confirming the downtrend
    5. Notice the divergence when RSI did not confirm the November high

    Reference the last chart analysis for the TSX Index showing the performance by sectors.

    Reference the last chart analysis for copper which has a major impact on the materials sector.

    Reference the breakout for the TSX above resistance on October 18, 2013. This is now the support zone on the above chart. The reversal of roles is an important concept in technical analysis.

    Reference the importance of the 12,900 support zone which was a a area of consolidation back to early 2012.

    ______________________________

    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