Tag Archives: chart analysis

A dismal three year performance for the TSX Index

Major trend is sideways for the TSX Index
A three year weekly chart for the TSX Index showing the lateral trading band.

TSX Index 3 Year Candlestick Chart

Reference the last chart analysis for the TSX Index based on the daily chart which highlights the intermediate lateral trading band.

Compare this chart for the TSX Index to the three year chart for the S&P500 Index: what a difference.

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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

Teck Resources (TCK.B:TSX) chart analysis

Breakout above the downward sloping trendline
Candlestick chart for Teck Resources showing the breakout above the downward sloping trendline.

Teck Resources (TCK.B:TSX) 6 Month Daily chart

Relevant articles picked from the Web:

Referenced past posts and related sites:

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Note: 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

S&P 500 Index chart analysis

Another week and another chance for a breakout above 1,420
Candlestick chart for the S&P 500 Index showing support and resistance levels.  RSI is confirming the intermediate uptrend.

S&P 500 Index 6 Month Chart

Reference last weeks chart analysis for the S&P 500.

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. 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

VIX: The summer doledrums

Will not stay at this level for long
VIX is trading below the five year trading range.  It will not stay at this level for long.

VIX 5 Year Monthly Candlestick Chart

Referenced the last chart analysis for the VIX.

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. 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

BCE (BCE:TSX) chart analysis

Always trade in the direction of the major trend
BCE chart analysis.  Always trade in the direction of the major trend.

BCE 4 Year Candlestick Chart

This is not the first time I have posted a chart for BCE where I emphasized the most important principle of technical analysis: Always trade in the direction of the major trend. Is there any doubt about the major trend for BCE? The 200 Day SMA is a good approximation of the trendline.

The current resistance level is $43.00 and there is a good chance that BCE will break above this resistance level when it reports before the bell on Wednesday.

Compare the above chart for BCE to the chart for the TSX Index.

The following are samples of my previous posts for BCE:

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. 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

Precision Drilling (PD:TSX) chart analysis

Near-term uptrend for Precision Drilling with resistance at $8.00
Precision Drilling candlestick chart showing the near-term uptrend and the confirming indicators of volume, OBV and RSI.

Precision Drilling 6 Month Daily Chart

Reference the last chart analysis for Precision Drilling.

Review the latest earnings release for Precision Drilling and note the positive reaction on the above chart.

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Note: 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 analysis

Back to the old trading range
TSX Index chart analysis showing the index back to the old lateral trading range.

TSX Index 1 Year Daily Bar Chart

Reference the last chart analysis for the TSX Index posted on Wednesday, July 4, 2012 when the index was trading above the lateral trading band. It was a short reprieve.

The TSX Index has not recovered from the correction that started in March, 2011.There were many technical indicators warning of that correction. Did you recognize the warning signals? I published a number of charts highlighting the warning signals. Did you heed the warnings by liquidating longs, moving into defensive sectors or by shorting the index? The following are some samples from the posts:

Posted March 13, 2011: TSX at an advanced stage in this intermediate swing.

Posted September 26, 2011:There were many early indicators for the 19.6% correction in the TSX Index.

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