This week's version of the Canadian Technician Recording with Greg Schnell has lots of news. In two weeks, the Canadian market has had a major change in underlying strength. While its not outright bearish, it is definitely cautionary. Very frustrating watching the US market continue to put in higher highs and this week Canada is making lower lows. As well, the Advance-Decline information confirms the problem. If you are bullish on the Canadian stock market this is a good week to check in. I repeatedly suggest not selling everything, but add some protection in the form of options to help hold your positions through this period of volatility.
I will also be doing recordings with Tom Bowley on Saturday for the Market Outlook. You can also get an update on all of the commodity trades with Thursday's Commodity Countdown.
Greg Schnell, CMT, MFTA