Tag Archives: trendline

HACK daily candlestick chart

Intermediate uptrend for HACK
Intermediate uptrend for HACK

HACK 6-Month Daily Chart

The World’s first Cyber Security ETF, the PureFunds ISE Cyber Security ETF (HACK) was created to provide the market with a transparent vehicle to invest in the increasingly important Cyber Security industry.

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“Stay with the trend until it ends.”

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.

© 2015 TradeOnline.ca

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Technical Analysis: S&P 500 daily chart

150-day simple moving average defines the trendlline

The 150 day simple moving average defines the trendline for the S&P 500

S&P 500 2-year Daily Chart

And the line in the sand is the 200-day moving average. Reference the last chart analysis for the S&P 500.

The important point from this chart is that the major trend is up. Always trade in the direction of the trend until the chart indicates a reversal.

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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.

S&P 500 chart analysis

Major uptrend still in effect for the S&P 500. But how long more will it last?
S&P 500 chart analysis showing the trendline.

S&P 500 5-Year Weekly Chart

There is a high probability the S&P 500 will test the trendline which is the 200-day simple moving average.

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“The trend is your friend until it ends.”

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.

S&P 500 Index chart with trendline and support zone

Intermediate trend is up for the S&P 500 until proven otherwise
S&P 500 Index daily chart showing the upward sloping trendline and the support zone.

S&P 500 Index Daily 1-Year Chart

The chart pattern today (Monday, April 15) indicates caution but the intermediate trend is still up until there is a confirmed break below the intermediate trendline. This is near the support zone of 1530 to 1540.

There are three trends to consider for any index or stock: up, down or sideways. And there are three time frames to consider for a trend: near-term trend, intermediate trend and major trend.

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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

Intermediate uptrend for S&P 500 Index

Resistance level of 1,470 will be a major test for S&P 500 Index
Intermediate uptrend for the S&P 500 Index with major resistance at 1,470

S&P 500 6-Month Daily Chart

Yes, 1,470 is a major resistance level for the S&P 500. A confirmed breakout would give the index a shot at the all-time high of 1,565.15 reached on October 9, 2007.

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

© 2013 TradeOnline.ca

SPDR Gold Trust ETF (GLD) logarithmic chart analysis

Long-term uptrend and major lateral trading band
SPDR Gold Trust ETF (GLD) Monthly Logarithmic Chart showing the upward sloping trendline with support and resistance levels.

SPDR Gold Trust ETF (GLD) Monthly Logarithmic Chart 2005-2012


Historical price for gold in U.S. dollars for the period 1974-2012.

Gold Price in USD/oz Linear Scale 1974-2012


The above charts provide a long-term perspective for gold. The first chart shows the pricing for SPDR Gold ETF (ticker:GLD) for the period 2005 to 2012 in the logarithmic scale. The second smaller chart extends the date range from 1974 to 2012 and shows the actual price of gold in U.S. dollars in the linear scale.

There are two generally accepted principles in technical analysis: (1) individual stocks and broad indexes move in trends, and (2) the trend will continue until there is evidence to the contrary. How is this relevant for gold? The long-term trend for gold is up and is currently trading in a major and intermediate lateral trading band. And the near-term trend is down. Given the assumption that the long-term uptrend will continue for gold, a breakout above resistance of 174 and 185 (ticker:GLD) would confirm the continuation of the long-term uptrend. On the contrary, a break below support of 150 (ticker:GLD) would raise a red flag for the continuation of the uptrend.

Significant dates in modern gold history:

  • August, 1971: Then-U.S. President Richard Nixon takes the U.S. dollar off the gold standard, which had been in place with minor modifications since the Bretton Woods Agreement of 1944 fixed the conversion rate for one Troy ounce of gold at $35 (U.S.).
  • March, 1973: Most major countries adopt floating-exchange-rate system.
  • January, 1980: Gold hits record high of $850 an ounce.
  • August, 1999: Gold falls to a low of $251.70.
  • November, 2004: SPDR Gold Shares ETF launched
  • November, 2005: Spot gold breaches $500 for the first time since December 1987.
  • May, 2006: Gold prices peak at $730 an ounce.
  • November, 2007: Spot gold hits a 28-year high of $845.40 an ounce.
  • March, 2008: Benchmark gold contract trades over $1,000 for the first time in U.S. futures market.
  • September, 2008: Spot gold rises by nearly $90 an ounce, a record one-day gain.
  • September, 2010: Gold prices reach $1,300 an ounce.
  • September, 2011: Gold prices hit a high of $1,895 USD/oz

http://www.kinross.com/investor-centre/gold-history.aspx

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

TSX Index chart analysis

Near-term uptrend for the TSX meeting resistance at 12,200
TSX index chart analysis based on the daily bar chart showing resistance at 12,200.

TSX Index YTD Daily Bar Chart

The reversal of roles is an important concept in technical analysis: old support becomes resistance when it is breached and old resistance becomes support on a breakout. In the above chart, you can see the TSX Index struggling to break resistance at 12,200 which was support in the old trading range. Even if we get a breakout at 12,200 I will dust off my old charts detailing the old trading range of 12,500 to 12,200. The TSX had a dismal three year performance and the risk profile is still to the downside.

Reference the last chart analysis for the TSX Index published on November 9, 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