S&P 500 down 5.95% for the week

S&P 500 down 5.95% for the week with an ominous shaven head and shaven bottom candlestick that is testing the 200-day moving average.
S&P 500 down 5.8% for the week with an ominous shaven head and shaven bottom candlestick that is testing the 200 day moving average.

______________________________

Enlarged area for the S&P 500 index showing the shaven head and shaven bottom candlestick.

______________________________

“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.
© 2018 TradeOnline.ca

Unemployment rate in Canada decreased to 5.8 percent in February

https://tradingeconomics.com/canada/unemployment-rate

https://www.statcan.gc.ca/eng/start

______________________________

“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.
© 2018 TradeOnline.ca

Canadian housing starts

Canadian seasonally adjusted housing starts increased to 229,700 units in February of 2018 from 215,300 in January, beating market expectations of 217,000. Urban starts increased 7.1 percent to 211,211 units; multiple urban starts rose 15 percent to 154,535 units while single-detached urban starts fell 9.8 percent to 56,676 units. Meanwhile, rural starts were estimated at a seasonally adjusted annual rate of 18,526 units. Housing Starts in Canada averaged 185.12 thousand from 1977 until 2018, reaching an all time high of 291.60 thousand in March of 1978 and a record low of 90.70 Thousand in August of 1982.

https://tradingeconomics.com/canada/housing-starts
https://www.cmhc-schl.gc.ca/en/hoficlincl/homain/index.cfm

______________________________

“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.
© 2018 TradeOnline.ca

Canadian yield curve

Canadian yield curve for 2018 and 2017

https://www.oanda.com/forex-trading/analysis/economic-indicators/canada/rates/yield-curve

______________________________

“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.
© 2018 TradeOnline.ca

U.S. historical deficits

http://fortune.com/2018/03/15/us-national-debt-trump-tax-cuts/

______________________________

“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.
© 2018 TradeOnline.ca

The world economy grew by 3.3% in the last quarter of 2017

GDP for the world economy

https://www.economist.com/news/economic-and-financial-indicators/21738931-world-gdp

______________________________

“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.
© 2018 TradeOnline.ca

Canadian dollar breaks support of $0.7750

Canadian dollar breaks support of $0.7750

Reference the last chart analysis for the Canadian dollar.

______________________________

“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.
© 2018 TradeOnline.ca

Major downtrend for coffee

Coffee chart showing major downtrend.

______________________________

“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.
© 2018 TradeOnline.ca