Category Archives: TSX Index

TSX Sector Indexes YTD Performance

TSX Index up 7.74% YTD
TSX Index sector performance showing the outpeformance by financials and the underperfromance by materials

TSX Index YTD Sector Performance courtesy of StockCharts.com

Energy, Financial and Materials represent 75% of the TSX Index. The Materials sector which represents 16% of the TSX index is down 31.89% YTD. This sector is heavily weighted to gold producers and there is not a ray of light on the horizon for gold or base metals. Reference my chart analysis for copper.

In summary, with the huge underperformance by materials there is a low parbability that the TSX can break major resistance of 13,500.

Reference the sector performance for the S&P 500 Index which is a stark contrast to the TSX sector performance.

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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

Breakout for the TSX Index

Bullish white candlestick but the volume is low on the breakout
Breakout for the TSX index above resistance of 12,900.

TSX Index 3 Year Weekly 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

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