The Canadian Technician

September 2014

The Canadian Technician

The Exx ETFs broadly test the 200 DMA

by Greg Schnell

The world of business is global. Today, I was paging through my chartlists and noticed almost every iShares ETF is at or below the 200 DMA. Some of this is the strength of the US Dollar, but broadly speaking, the investing community is discounting these country specific ETF's. More importantly, they continue to make lower lows and lower highs which is the definition of a down trend. When I go to the country specific stock market indexes it does not look this weak. However, here is an important part of the big picture. The Read More 

The Canadian Technician

Are The Stars Lining Up For Constellation Software ?

by Greg Schnell

Constellation Software (CSU.TO) has been a remarkable ride for investors. Since the IPO 8 years ago the stock is up 1800%. However, recently, the stock went into a sideways consolidation. Looking on the chart above;  2010, 2011, 2012 were all excellent entries after the stock broke above a sideways consolidation. Lets zoom in on the current setup. We can see the stock has plenty of momentum upwards. The four green arrows show big weekly pushes in the stock. The histogram for the MACD is starting to improve this week. The volume Read More 

The Canadian Technician

When The Quitting Whistle Whistles - Is It Quitting Time?

by Greg Schnell

If you were presented with a stock price and you found it to be indicative of trend change, would you change your investing style? Read the article before investigating the stock. I think it will be more valuable. In the finance industry, we use references like 'bellwethers' to represent these iconic stocks. We see the stock name and it immediately creates an image in our mind. Then depending with how bullish or bearish we are, we discount it if it tells us a message we don't want to hear. From Wikipedia: Read More 

The Canadian Technician

Blackberry (BBRY) Struggles With The Bears Grip

by Greg Schnell

It is the season for the bears to be out roaming looking for blackberries in Canada.  The corporate Blackberry (BBRY) seems to struggle with the grip the bears have too. This double digit area on the chart below is a big problem for BBRY as the $11 level has been significant resistance over the last year.  There are numerous events on the chart that make it interesting here. First of all, the RSI spending some time above 50 on the weekly is a nice bullish trait. There is a marginal improvement in SPURS shown in Read More 

The Canadian Technician

The Big Picture On Apple

by Greg Schnell

I worked through an Apple Chart this morning to find some points to look for strength and support. I did a small video to walk you through my review of the chart. The link is below.   Here is a link to the video. Good trading, Greg Schnell, CMT Read More