Category Archives: TSX Index

TSX Index monthly logarithmic chart 1988-2012

A longer-range perspective for the TSX Index
TSX Index logarithmic chart for the TSX Index showing the long-range trendline.

TSX Index Monthly Logarithmic Chart 1988-2012

A standard procedure in technical analysis is to move from the long-range logarithmic chart to the the short-term charts.

Reference the last chart analysis for the TSX Index based on the daily chart.

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Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Technical Analysis: Sideways consolidation for TSX Index

Waiting for a resolution of the trading range
TSX Index technical analysis showing the trading range of 12,200 to 12,500

TSX Index YTD Daily Candlestick Chart

Reference the last chart analysis for the TSX Index.

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Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

TSX Index chart with support and resistance

Monitor key near-term support of 12,200
Chart analysis TSX Index showing the support and resistance levlels.

TSX Index YTD Daily Chart

Relative to other world indexes, the TSX had a meager advance of 10.6% for this intermediate run which started in June. The index failed at resistance of 12,500 and is now in a near-term lateral trading band with support at 12,200. A breakout above 12,500 would be a reason to add to positions for a test of 12,800. A break below 12,200 would be a reason to consider shorting the TSX with a minimum retracement to the 11,900 zone. A comfortable cash position is appropriate at this point.

Reference the last chart analysis of the TSX Index based on the weekly chart.

Relevant articles picked from the Web:

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Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

TSX Index candlestick chart analysis

Monitor the resistance level of 12,500 and support of 12,200
Weekly chart of the TSX Index showing support and resistance levels.

TSX Index 3 Year weekly Chart

The TSX Index still has an intermediate uptrend with a near-term downtrend. Monitor the resistance level of 12,500 and the support level of 12,200. A breakout above 12,500 will give the index a shot at resistance of 12,800. A break below support of 12,200 will indicate the end of this intermediate uptrend.

What is the major trend for the TSX? The answer is sideways. The index has a dismal performance profile over the past three years. Compare the TSX Index to the three year performance for the S&P500.

Reference the last chart analysis of the TSX Index published on September 24, 2012.

Relevant articles picked from the Web:

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Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

TSX Index near-term support and resistance levels

TSX Index must hold 12,200 or the intermediate uptrend is over
TSX Index chart analysis showing near-term support and resistance levels.

TSX Index YTD Daily Candlestick Chart

The weekly chart for the TSX Index published on September 14, 2012 shows the dismal performance over the last three years. It is not a pretty picture. And the above daily chart shows the TSX stalling at 12,500 with a paltry gain of around 11% from the 11,300 low and a YTD gain of 0%. Also, a two year performance of 0% is not too encouraging. With energy, basic materials and financials (LifeCos in particular) not performing; the TSX does not have a chance for a shot at 12,800.

Some points to review from the above chart:

  • Intermediate uptrend for TSX Index as of September 24, 2012
  • Could not break resistance of 12,500
  • Near-term downtrend
  • RSI is confirming the intermediate uptrend and above 0
  • Near-term support and resistance levels are identified
  • Must hold 12,200 to maintain the intermediate uptrend

Relevant articles picked from the Web:

Reference past posts and related sites:

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Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Technical Analysis: TSX Index candlestick chart

Intermediate uptrend for the TSX Index with near-term resistance at 12,500
Intermediate uptrend for the TSX Index with resistance at 12,500 and 12,800.

TSX Index 3 Year Weekly Chart

Reference the last chart analysis for the TSX Index published on September 7, 2012.

Relevant articles picked from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts with other technical indicators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Bullish shaven head candlestick for the TSX Index

Increased probability for the TSX to test 12,800
Bullish shaven head candlestick on the weekly chart of the TSX Index.  The index will test resistance of 12,800.

TSX Index 3 Year Weekly Chart

Reference the last chart analysis for the TSX Index published on August 31, 2012.

Must read articles from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts with other technical indicators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca