Aug 272015
 
Hammer on the weekly chart
Hammer on the weekly chart for the S&P 500

S&P 500 3-Year Weekly Chart

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Two bullish candlesticks on the daily chart
Two bullish candlesticks on the daily chart for the S7P 500 Index

S&P 500 1-Year Daily Chart

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“Technical Analysis is about probabilities.”

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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Oct 162014
 
Hammer indicates a bottom on the weekly candlestick chart
Hammer indicates a bottom on the weekly candlestick chart for the TSX Index.

TSX Index 3-Year Weekly Chart

Reference my last chart analysis for the TSX Index showing the retracement levels. The TSX Index may have found support at the 50% retracement point.

A busy calendar for next week: View calendar…………..

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Bullish Engulfing Pattern indicates a bottom on the daily candlestick chart
Bullish engulfing pattern on the daily candlestick chart indicates a bottom for the TSX Index.

TSX Daily Candlestick Chart

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“It is all about probabilities”

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

Oct 162014
 
Hammer indicates a bottom on the weekly candlestick chart
XEG - iShares S&P/TSX Capped Energy Index ETF weekly candlestick chart showing a bullish engulfing pattern.  This may indicate a bottom.

XEG – iShares S&P/TSX Capped Energy Index ETF Weekly Chart

XEG – iShares S&P/TSX Capped Energy Index ETF

Reference my last chart analysis for XEG etf published April 4, 2014.

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Bullish Engulfing Pattern indicates a bottom on the daily candlestick chart
XEG - iShares S&P/TSX Capped Energy Index ETF candlestick chart showing a hammer.  this may indicate a bottom.  We will see.

XEG – iShares S&P/TSX Capped Energy Index ETF Daily Chart

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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

Oct 102013
 
TSX Index has another shot at breaking resistance of 12,900
TSX Index chart analysis showing a bullish white candlestick today and another chance to break resistance of 12,900.

TSX Index 6 Month Daily Chart

Reference the last chart analysis for the TSX 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

Aug 172013
 
Uptrend continues for the 10 Year Treasury Note
Intermediate uptrend for the U.S. 10 Year Treasury Note

U.S. 10 Year Treasury Note Yield Index courtesy of StockCharts.com

Reference the last chart analysis to the U.S. Treasury 10 year Note.

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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.

May 032013
 
Correction imminent for the S&P 500 Index?
S&P 500 Index Candlestick chart showing the 19.5% gain from the November low.

S&P 500 Index Candlestick Chart

The major, intermediate and near-term trends are all up. And you always trade in the direction of the trend. And the S&P 500 just broke resistance at 1,600.

But, after a +20% gain in an index or stock, I give increased probability to any reversal patterns. We are at that point now with the S&P 500 Index. And seasonal factors align with the probability of a correction. You judge the patterns and trade accordingly.

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 author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

May 032013
 
Tall white candlestick on Friday: 6.50% gain
Tall bullish white candlestick on the daily copper chart on Friday needs follow-through next week.

Copper Daily Candlestick Chart

Nice pop on Friday but there has to be follow-through next week. The intermediate trend is still down and the 20-day simple moving average is a good approximation of the intermediate downtrend.

Reference the last chart analysis on April 18, 2013 where I highlighted the hammer.

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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

Apr 092013
 
Reference the resistance levels for the TSX Index
TSX Index chart analysis showing a bullish white candlestick with resistance at 12,500.

TSX Index Daily Candlestick Chart

Reference the last chart analysis for the TSX Index showing the support zone. It held the support zone right around the 200 day simple moving average. Today, there was movement into the energy and materials stocks which is represented by the tall white candlestick. One day does not make an uptrend and there will be heavy resistance at 12,500.

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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