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Toronto – TSX Composite Index Analysis

The first chart below is a 4-year, 2-day period chart along with some key technical levels & my analysis on the $TSX (Toronto Stock Exchange/TSX Composite) as requested by member @jiunit23 in the trading room. This leading Canadian index is trading between support (14931) & resistance (15875) following the initial correction off the early January divergent high & subsequent oversold bounce off support. While the near-term outlook is unclear, as of now I favor a continued move down to at least the 14475ish level in the coming months. $TSX 4-yr, 2-day chart March 29th This next chart below is [...]

2018-03-29T15:13:33+00:00 Mar 29, 2018 3:13pm|Categories: Equity Market Analysis|Tags: , |1 Comment

Technical Analysis of Global Equity Markets (video)

Technical analysis of global stock market via US & global stock market ETFs. Note: I mistakenly stated today as Wednesday in the video instead of Tuesday. playback speed can be increased by 1.25 or 1.5x in the setting to reduce video duration

2018-02-28T16:47:04+00:00 Feb 6, 2018 4:08pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , , , , , , , , , |1 Comment

Global Stock Market Analysis (video)

Technical analysis of major global stock indices including the U.S. markets via various index tracking ETFs. The following country ETFs are covered in this order: SPY (USA) EWJ (Japan) EWG (Germany) EWY (South Korea) EWZ (Brazil) EWC (Canada) EWT (Taiwan) EWU (United Kingdom) EWH (Hong Kong) EWA (Australia) EWW (Mexico) EWL (Switzerland) EWP (Spain) EWI (Italy) EWS (Singapore) EWQ (France) EWM (Malaysia) EWD (Sweden) EWN (Netherlands) EWK (Belgium) EWO (Austria)

2017-09-05T14:37:32+00:00 Sep 5, 2017 2:37pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , , , , , , , , |4 Comments

Analysis Of Global Stock Markets (video)

The following video provides analysis of 20 global stock markets via the charts of the iShares global ETFs, several of which look to be setting up as attractive swing trading opportunities. Entry points, price targets & key technical levels are highlighted for each.For those wishing to skip ahead to a particular country, the following ETF are covered in this order: EWJ (Japan) EWG (Germany) EWY (South Korea)* EWZ (Brazil) EWC (Canada) EWT (Taiwan) EWU (United Kingdom) EWH (Hong Kong) EWA (Australia) EWW (Mexico)* EWL (Switzerland) EWP (Spain) EWI (Italy) EWS (Singapore) EWQ (France)* EWM (Malaysia) EWD (Sweden)* EWN (Netherlands)* EWK (Belgium)* [...]

2017-08-01T12:52:41+00:00 Aug 1, 2017 12:52pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , , , , , , , |Comments Off on Analysis Of Global Stock Markets (video)

$TSX Composite Backtesting Wedge Following Failed Breakout

Member @lee1 requested an update on the $TSX within the trading room. In reviewing the charts, I figured that the recent technical developments in Canada's largest index warrants a front page post at this time. $TSX weekly April 7th In the previous update, I had pointed out the recent 'double-tap' overbought cluster as well as the mature bearish rising wedge confirmed with negative divergences. Price were right on the bottom of the wedge at that time, threatening a breakdown which followed shortly afterwards. That wedge breakdown also followed a failed breakout, to new highs in the $TSX, which could [...]

2017-04-07T12:06:51+00:00 Apr 7, 2017 12:05pm|Categories: Equity Market Analysis|Tags: , |Comments Off on $TSX Composite Backtesting Wedge Following Failed Breakout

$TSX, TD & Canadian Bank Stocks

This is a follow-up to the outlook for the Canadian bank sector published on Wednesday as well as a request from @lee1 for analysis on the $TSX. So far, one of the 3 major Canadian banks covered in that post has already went on to play out for the 5-6% correction that was expected, with TD (The Toronto Dominion Bank) trading down exactly 5% so far today and not by mere coincidence, dancing on that horizontal support/target level around 49.20 for most of the afternoon so far today. Posted below are Wednesday's & today's daily charts for TD: Today's [...]

2017-03-10T15:45:43+00:00 Mar 10, 2017 3:45pm|Categories: Equity Market Analysis|Tags: , , |4 Comments

$TSX Toronto Stock Exchange Poised for a Correction

It appears likely that the $TSX (S&P/TSX Composite Index) is headed back down to at least the 14962 area following the recent failure at the 2014 all-time highs. Note the large negative divergences that have been building & were recently confirmed with the PPO, MACD & RSI all turning back down following the recent failure at the 2014 highs. First chart below is a 2-day period chart spanning 4 years followed by a daily chart spanning 2 years showing the next potential support/downside target, should the $TSX fail to hold any test of the 14960ish resistance level. $TSX 4 year, [...]

2017-03-08T21:19:14+00:00 Jan 31, 2017 12:12pm|Categories: Equity Market Analysis|Tags: , , |Comments Off on $TSX Toronto Stock Exchange Poised for a Correction