Will the 200-day moving average provide support for the NASDAQ?
Markets losing streak smacks of a return to bear territory
Reference the previous analysis for the TSX Index.
Markets losing streak smacks of a return to bear territory
Reference the previous analysis for the TSX Index.
Reference the previous analysis of the TSX Index.
Reference my chart settings for Bigcharts and practice using candlesticks with the confirming indicators.
Update for June 11, 2011: TSX index did not hold major support. Time to reference the previous weekly chart analysis for the TSX which highlights the downside risk. Obviously, a relatively high cash position—above 50%—is prudent at this stage in the market.
If the U.S. economy doesn’t rebound solidly, if the European debt crisis worsens, or if China, India or Brazil hits a more-serious speed bump, it will come as a nasty shock to a lot of people, and could send stocks down a lot lower.
Read more………… Dow’s Sixth Straight Down Week Fuels Concern Over More Severe Declines Ahead – WSJ
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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.
Reference the previous analysis for BCE.
Reference the previous chart analysis for Dundee REIT.
Update July 21, 2011: Dundee grabs office buildings
Update January 24, 2012: ScotiaPlaza sale should provide boost to REITs
What are the key points from the above chart of the TSX?
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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.
© 2011 TradeOnline.ca
Reference last weeks analysis which was also a consolidation story for the TSX Index. This is in stark contrast to the S&P 500 Index and the Nasdaq Composite Index which are in an uptrend.
Also reference the most recent analysis of the TSX based on the daily candlestick chart which identified the possibility of a double top.
When trading online, you always deal in probabilities. And the probability of a downside correction is greater than an upside breakout. It has been a good run for the TSX Index.
Read the National Post article: Now’s the time to diversify away from Canada.
What are the key points to note on this chart of the TSX index?
Reference the previous chart analysis of the TSX index.
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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.
The key points from the above chart are:
You can input the advanced chart settings for BigCharts and view the 3-year chart for JNJ.
Reference the Johnson & Johnson website for the fundamental data on the company. Reference Fox Business for a profile of Johnson & Johnson (JNJ).
Beyond the cliff, dividends, M&A beckon for big pharma is a recent article from the Financial Post.
April 27, 2011 update: Johnson & Johnson is to buy Swiss medical devices maker Synthes Incfor 19 billion Swiss francs (US$21.59 billion) in its largest ever buy, boosting its surgical business and reshaping the wider industry.
May 27, 2011 update: J&J Now the “Best Biotech Play”, Says Goldman
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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.