All the TSX sectors are positive with materials up 16.76%

TSX YTD Sector Performance courtesy of StockCharts.com

Reference the last chart analysis for the TSX Index.

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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.

© 2014 TradeOnline.ca

Materials sector up 4.69% last week

TSX Index 1-Week Performance by Sector courtesy of StockCharts.com

Reference the last sector analysis for the TSX Index which detailed the sector performance for 2013. The materials sector was a big drag in 2013 and is now showing some life. Can the the materials sector continue to move up when the underlying commodities are not breaking out to the upside?

Relevant articles picked from the Web:

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“It is not when you buy that counts, it is when you sell”

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.

© 2014 TradeOnline.ca

TSX Index up 9.55% with an uneven sector performance

TSX Index Sector Performance for 2013

Canadian stock market sector performance for 2013. It was a subpar performance relative to other world indexes.

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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.

© 2013 TradeOnline.ca

Materials sector up 3.81% the past week

TSX Index Sector Performance

The gain in materials over the past week gave the TSX Index a tentative close above 13,500. Can the materials sector continue to advance without upward movement in the underlying commodities?

Reference the recent chart analysis for copper which is struggling at the resistance level.

Reference the last chart analysis for the TSX sectors.

S&P/TSX Capped Materials Index.

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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.

© 2013 TradeOnline.ca

TSX Index up 7.74% YTD

TSX Index YTD Sector Performance courtesy of StockCharts.com

Energy, Financial and Materials represent 75% of the TSX Index. The Materials sector which represents 16% of the TSX index is down 31.89% YTD. This sector is heavily weighted to gold producers and there is not a ray of light on the horizon for gold or base metals. Reference my chart analysis for copper.

In summary, with the huge underperformance by materials there is a low parbability that the TSX can break major resistance of 13,500.

Reference the sector performance for the S&P 500 Index which is a stark contrast to the TSX sector performance.

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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.

© 2013 TradeOnline.ca