Tag Archives: chart

Dow Jones Industrial Average bar chart

All-time closing high and new support level for the DOW
Chart for the Dow Jones Industrial Average showing the all-time high and the new support level.

DJIA 1-Year Bar Chart

I have penciled in the the new support level of 16,600 for the Dow. This was the previous resistance level and the reversal of roles is an important concept in technical analysis. But always use time and percentage filters to confirm the breakout. On a time basis, if the Dow can hold above 16,600 for two days we have a new support level.

It was a strong day for the Dow in terms of the price action: closed near the high of the day.

On a volume basis, the volume was relatively low on the breakout. This could raise concerns because volume is the fuel that will drive the advance in an index or stock. But volume is not necessary to confirm a downtrend. A stock can fall with it own weight and relatively small volume.

I have concerns with the momentum indicators that I will elaborate on in another post.

As you can see, there is no sure thing in technical analysis. Just assigned probabilities.

Enjoy your trading day. If you don’t enjoy your avocation or vocation, then it is not worth doing.

Reference the last chart analysis for the Dow.

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“Keep it Simple”

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.

WTIC and Brent weekly chart

What are the main points from this chart?

Chart of WTIC and Brent and the correlation coefficient.

Brent Crude

West Texas Intermediate

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“Keep it Simple”

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.

WTI/ Brent chart (2011-2014)

Chart is the ratio of WTI/Brent

Chart showing the ratio of  West Texas Intermediate to Brent

Reference the same chart from last year.

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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.

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U.S. Treasury 10 year Note Yield Chart (2010-2014)

The Goldilocks trading range of 2.60% to 3.00%
U.S. Treasury Note Yield Chart showing the intermediate trading range of 2.60% to 3.00%

U.S. Treasury 10 Year Note Yield Chart

A drop below 2.60% would indicate a run to safety with a corresponding decline in equities. A rise above 3.00% would indicate an improvement in the U.S. economy and an end to quantitative easing. This could also result in a decline in equities.

The price of the bond and the yield have an inverse relationship.

______________________________

“Keep it Simple”

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 weekly chart 2007-2014

Intermediate trend is up with major resistance at 15,000
Intermediate trend is up for the Canadian market with major resistance at the 2008 high of 15,000.  Energy sector is leading the advance.

TSX Index Logarithmic Chart 2007-2014

Intermediate trend is up for the Canadian market with major resistance at the 2008 high of 15,154. I use the round number of 15,000 and will set my alerts at this point. Energy sector is leading the advance.

Reference the last chart analysis for the TSX Index showing the resistance point of 14,300.

Reference the sector performance for the TSX Index.

TSX nears six-year high as energy shares extend rally.

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“Keep it Simple”

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.

Global military spending

The countries spending the most on their military
Global Military Spending

Global Military Spending courtesy of The Economist

Read the full article from The Economist.

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“Keep it Simple”

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.

Natural Gas 3-Year Chart

Intermediate downtrend for Natural Gas with support around $4.50
Major uptrend for natural gas with support around $4.50

Natural Gas 3-Year Chart

Major uptrend for natural gas and intermediate downtrend with support around $4.50.

Encana is the big player in this space in the Canadian market. Reference my chart for Encana.

SHORT-TERM ENERGY AND SUMMER FUELS OUTLOOK

 

Percent-of-electricity-generated-from-nonhydro-renewals

About 6.2% of total U.S. electricity supplies in 2013 were generated from nonhydro renewable energy sources such as wind, solar, biomass, and geothermal, up from 5.4% in 2012. But 11 states produced electricity at more than twice the national average from these sources—accounting for between 14% and 32% of their net electric generation—according to preliminary 2013 generation data in EIA's Electric Power Monthly report.

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“Keep it Simple”

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.