Archive for the ‘Technical Analysis’ Category

High Yield Debt Tells Us That Just About EVERYTHING Is About To Collapse

Monday, February 15th, 2016

Did you know that there are more than 1.8 trillion dollars worth of junk bonds outstanding in the United States alone?

As high yield (junk) bonds blow up, everything else will follow. Please have a read of the article below:

TSX Weekly Chart Analysis – Can The Index Surge Above 14800

Wednesday, January 28th, 2015

If it breaks resistance at 14800, then it is possible it may go a bit higher towards 15000. However, if it doesn’t then we are looking at a downward move to 14000 and if it crashes through that support then it goes down to next support 13600.

Looking at the weekly chart, the main trend is down, but when it hits a support for instance like 13600 a few weeks back it roared higher…where it is going to go remains to be seen in the next coming weeks.

Canadian Recession Coming Soon (CAD & Oil Plunge) – Prepare Now

Thursday, January 22nd, 2015

In addition to the oil price and Toronto Stock Exchange plunging from its high of 15700 points, now with the surprise rate cut by the Bank of Canada, the CAD dollar is taking a hit and along with that the Canadian Bond yields are going down too….Ouch.

The oil plunge will cause significant problems in western Canada, particularly Alberta which is now seeing huge layoffs in the oil fields and that will have ripple effects to be felt within 6 months.

TSX Plunges / Drop 483 Points During The Day As Oil Prices Retreat

Monday, December 8th, 2014

Earlier in the day the Toronto Stock Exchange (TSX) dropped 292 points, then it went down to 391 points.

Then the TSX went lower by 483 points.

After lunch however, it really tanked lower. As you can see from the weekly chart, chart below, that it has failed to go above 15550 and is plunging down to 13600 points. If it breaks that on the downside then watch out.

Markets Enter From Bubble-Land

Wednesday, November 19th, 2014

As U.S stock markets reached new highs, the question is “How high can the S&P, Nasdaq and Dow Jones can go?

The answer is no one knows, but usually the data and charts don’t lie, and below is an article from “Acting Man” with some charts that says we may be near a top.

Last Friday Market Wrap Up: The Jobs Number

Tuesday, November 11th, 2014

Market Sentiment Is Still Negative

Friday, October 24th, 2014

market psychology-small_
Despite this recent rally off the lows established last week, I think the market sentiment is low and still negative. Watching the charts this week, there was strong buying, but the bounce seems to have lost steam.

Though the weekly charts of stocks I am watching shows an up signal, the daily charts show otherwise, losing momentum near the end of the week….today. We will see next week whether the uptrend holds or if this is just a head fake, before the market swings lower. I got a feeling the pain is not over as the conviction wanes today.

Where are the Bears? Stocks Are Not Cheap Now – Get Out

Monday, September 1st, 2014

This idiot Jonathan Golub of RBC Capital Markets says stock / equities are cheap right now. What an dumb ass, this is a shiny example of a “Wall Street Mouthpiece” at work. He is telling the public this because they know markets are high and they have stock inventory to sell to the suckers stock then head for the exit.

Last Time Implied Volatility Hit Lows, Watch Out Below Stock Market

Thursday, May 29th, 2014

This chart originally featured , basically hit shows that the last time the volatility hit this low, it was right before the huge market downturn which started in 2007.

Finance Books I’ve Read in the Year 2013 – Busy Work Year, Less Reading

Tuesday, April 8th, 2014

The year 2013 was quite a busy year, so of course when I am on the move so much and time is limited it affects when I can pick up a book, sit down and read. In year 2012, I finished roughly 21 books but 2013 I went through 15 finance related books.

Note: You will see other books in the list, but I didn’t put a number beside them because it wasn’t finance related.

U.S. Stocks Tumble; S&P 500 Below 1,800 and Dow Joes Down 300 Points

Friday, January 24th, 2014

Indexes set for worst weekly losses in more than a year, is this start of the downturn, has the market hit a peak?