Tag Archives: candlestick chart

S&P 500 Index candlestick chart analysis

Shooting star candlestick at the resistance zone
Candlestick chart analysis for the S&P 500 Index showing a shooting star candlestick and a hammer.  This is a graphical representation of the index struggling to break resistance at the 1,425 resistance zone.

S&P 500 Index 2-Year Weekly Chart

Candlestick chart analysis for the S&P 500 Index showing a shooting star candlestick and a hammer. This is a graphical representation of the index struggling to break resistance at the 1,425 resistance zone.

On a daily chart, you can see the 1,425 resistance zone in addition to the next near-term resistance level of 1,440.

A confirmed break above 1,440 would setup the S&P 500 Index for a test of major resistance at 1,470.

Reference the last chart analysis for the S&P 500 Index posted on November 23, 2012.

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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 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

TSX Index is struggling at resistance of 12,200
TSX Index candlestick chart analysis showing the index struggling to break resistance of 12,200

TSX Index 6-Month Daily Candlestick Chart

What can I prognosticate from the above chart? As I have said in the past, it is not a pretty picture for the TSX Index: a gain this year of 0% compared to a gain of 12% for the S&P 500 Index. And a three year gain of 6.7% for the TSX Index compared to gain of 28.9% for the S&P 500 Index.

If the TSX Index can break resistance of 12,200 then it moves into the old trading range with resistance at 12,500. A resolution of the so-called fiscal cliff would be the fundamental news to give a lift for the TSX as traders would move into some of the risk-on trades: oil and materials. But, you have the Eurozone slipping into a recession, tepid growth in the BRIC countries, Iran, and crude price differentials for Canadian producers. And these are just some of the known knowns.

The experts will give you their expert projections for the major indexes. In the end, all you can do is follow the charts when you trade online. Use tight stops on any breakout positions. And, a comfortable cash position will let you have a comfortable sleep. On Friday, the U.S.employment report will move the markets.

Reference my last chart analysis for the TSX Index posted on November 27, 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

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

Whistler Blackcomb Inc. (WB:TSX) chart analysis

Breakout for Whistler Blackcomb Inc. at resistance of $11.75
Breakout on the weekly candlestick chart for Whistler Blackcomb Inc.

Whistler Blackcomb Inc. 2 Year Weekly Chart

What more can I say? Intermediate uptrend with a yield of 8.08%. Enjoy the ride and exit when the chart pattern indicates a reversal pattern. Will meet resistance at $12.75 which was the 2011 high.

Please review the fundamental data for Whistler Blackcomb Inc.

Seeking a lift from ski resort stocks – Globe Article – November 15, 2013

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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

iShares Capped Energy Index (XEG:TSX) chart analysis

Intermediate uptrend for iShares energy Index
Chart analysis for iShares Capped Energy Index (XEG:TSX) with support and resistance levels.

ishares Capped Energy Index (XEG:TSX) YTD Chart

Some points to review from the above chart:

  • Intermediate uptrend for XEG as of September 18, 2012
  • RSI is confirming the uptrend and above 0
  • Support zone is identified
  • Must hold the support zone to maintain the intermediate uptrend
  • A break below support would indicate a near-term downtrend or sideways consolidation
  • Note the intermediate target which is major resistance
  • Note the divergence between the oscillator and the price action in June — bottom fishing

Relevant articles picked from the Web:

Reference past posts and related sites:

______________________________

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

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