The Canadian Technician

Energy Stocks Continue To Be Added To Canada's Top Performers

by Greg Schnell

The momentum continues to surge towards the energy sector and now the oil services sector. If you have not seen the change in momentum, I'll be hosting a Commodities Countdown webinar 2016-04-28 and you can click on this link to register. Here are a few more stocks adding to the momentum. ARC Resources (ARX.TO) continues to press to the upside. After breaking to new 6-month highs, it has paused. With the momentum across the industry, this probably has more to run. Lots of the stocks are really running, but the few presented here are Read More 

The Canadian Technician

If You Like Oil And Gas, This Is A Must Read

by Greg Schnell

Oil and Gas stocks are breaking out from the big 6-month bases they have been building. Some of the juniors are moving faster than the majors. During the Canadian Technician Webinar 2016-04-19, I spent the vast majority of it going through Oil and Gas stocks. So here is a link to the webinar. "The Canadian Technician LIVE!" with Greg Schnell - 2016-04-19 17:00 from StockCharts.com on Vimeo. Here is a good example of 3 top ranked SCTR stocks. I didn't sort by volume, so these are junior E & P companies. Delphi was a star Read More 

The Canadian Technician

The Oil Service Stocks Perk Up On The Failure In Doha

by Greg Schnell

After another OPEC /non-OPEC meeting where nothing was concluded, the initial reaction was a plunge in oil. On Monday, after the market opened, oil actually held in pretty well and forced early short positions underwater. Today was a good day to do another quick look at the oil services stocks. There are excellent bases that look pretty solid. Breakouts from these bases would be the first signs of spring in a 2-year nightmare. First of all is Precision Drilling. From a 2014 high of $14.84, the $6.30 level looks interesting. Next is Savanna Read More 

The Canadian Technician

10 Canadian REIT's Continue To Deliver Yield And Capital

by Greg Schnell

There is a collection of REIT's that are performing in Canada. Here is a look at a few of them. As we struggle to find yield everywhere, this is a list of some nice looking charts that pay a monthly dividend and have some potential for capital growth as well. Some need to go on a watchlist for entry, others look attractive here. Killam (KMP/UN.TO) still pays a 5% yield even after running for a couple of months above the old highs. A little concerned that the relative strength trend in purple is breaking. This might set up a better buy point a little lower. Read More 

The Canadian Technician

Canadian Markets Pause - Webinar Highlights 20160405

by Greg Schnell

Canadian stocks have been range bound for five weeks now. The zoom box shows the friction around the 40 WMA. Since oil stopped rising, we have been trapped in a range. I covered off a lot of sector information on The Canadian Technician Webinar 20160405 for those that would like a review of Canada's top sectors. An important condition of the global marketplace right now is the inability of the rest of the world to get back above their 20 month moving average (MMA). The chart below is a 20-year, monthly candle chart. Here are some Read More