The Canadian Technician

The Canadian Technician Recording 2017-09-05

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Well, September starts with a flurry. Banks are breaking down, and gold is breaking out. The story with oil continues to be influenced by winds of a hurricane. First it was Hurricane Harvey and this week the Gulf of Mexico is seeing the winds of Hurricane Irma. With a significant volume of off-shore and on-shore production shut in, we should continue to see some volatility in price. 

A lot of the Canadian sectors are failing at their trend lines, so that is a bigger concern for the broad index.

 


Canadian Technician Video Recording With Greg Schnell 2017-09-05 from StockCharts.com on Vimeo.

Good trading,
Greg Schnell, CMT, MFTA

 

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
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