Category Archives: TSX Index

TSX Index candlestick chart analysis

TSX Index has another shot at breaking resistance of 12,900
TSX Index chart analysis showing a bullish white candlestick today and another chance to break resistance of 12,900.

TSX Index 6 Month Daily Chart

Reference the last chart analysis for the TSX 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

Technical Analysis:TSX Index Daily chart

A failure to break resistance of 12,900
TSX Index chart showing the failure to breakout above resistance of 12,900.

TSX Index 6 Month Daily Chart

On Wednesday, the TSX Index reached a 52 week high and a tentative breakout above resistance of 12,900.

On Thursdays, the doji candlestick showed the indecision of traders.

On Friday, traders made their decision. The shaven bottom candlestick shows the sell-off on above average volume. This does not bode well for trading on Monday.

Reference the last chart analysis for the TSX 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.

TSX candlestick chart analysis

Struggling to break the resistance zone of 12,900
TSX candlestick chart showing the index struggling to break the resistance zone of 12,900.

TSX Weekly Chart

Reference the last chart analysis for the TSX Index: same old consolidation zone.

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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.

Technical Analysis: TSX weekly candlestick chart

Near-term uptrend for TSX with major resistance at 12,900
Near-term uptrend for the TSX Index with major resistance around 12,900

TSX Index Weekly Chart courtesy of StockCharts.com

The magic number is the March, 2013 high of 12,904. There is a high probability for a test of the 12,900 major resistance zone.

Reference the last chart analysis for the TSX 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.

TSX Index YTD Sector Performance

Dismal YTD performance for the TSX Index (+1.37%)
Chart showing the YTD performance of the TSX sectors.

TSX Index YTD Sector Performance courtesy of StockCharts.com

Financials, Energy and Materials represent 72.53 % of the TSX Composite Index.

Reference TMX Money for an overview of the Canadian market.

______________________________

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 YTD performance line chart

YTD chart compares TSX Index to S&P 500 Index

Chart compares the performance of the TSX Index to the S&P 500 Index courtesy of <a href=

Reference the last chart analysis for the TSX Index.

Reference the chart comparing the U.S. Energy Sector to the Canadian Energy Sector.

______________________________

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

Death Cross for the TSX Index

50 Day moving average crosses below 200 Day moving average
Weekly candlestick chart for the TSX Index showing the 50 day moving average crossing below the 200 day moving average. This is called a death cross. Yes, the TSX has a negative technical profile.

TSX Weekly Chart courtesy of StockCharts.com

The above chart identifies support zones for the TSX. What more can I say about the chart: the TSX has a negative technical profile.

Reference the last chart analysis for the TSX 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

Should you invest in the TSX?

TSX Index could not hold the old trading range
TSX Index daily candlestick chart showing the near-term downtrend.  A shooting star candlestick is identified on the chart.

TSX Index Daily Chart courtesy of StockCharts.com

The TSX Index could not hold support of 12,600 in the old lateral trading range. Will the near-term downtrend stop at the support level of 12,300? If not, the TSX will move down to the support level of 12,000.

Should you invest in the TSX? The above chart is your answer. Now take a look at another chart.

Reference the last chart analysis for the TSX 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