The Canadian Technician February 23, 2019 at 06:49 PM
This week saw some big surges in Copper, Steel, Rare Earth Metals and Lithium stocks. Although Copper had been unable to make new three-month highs for almost a year, the copper chart surged up to a new seven-month high this week, as seen below... Read More
The Canadian Technician February 17, 2019 at 10:40 PM
The Canadian market has been slowly underperforming the US markets over the last two weeks. Friday had a nice surge in Technology, Financials, Oils, and metal miners as the chart for the TSX 60 broke above the 200-day moving average... Read More
The Canadian Technician February 16, 2019 at 07:48 PM
The markets have been working there way through indecision the last two weeks... Read More
The Canadian Technician February 09, 2019 at 07:45 PM
To begin, let's start with sentiment. The bullish percent index for the $SPX is sitting at 61.8%, which is where it was during the rebound in 2008. The percentage of stocks above the 200-day moving average is 50%, which is also where it was on the 2008 rebound... Read More
The Canadian Technician February 03, 2019 at 05:30 PM
This week, the markets unilaterally moved in one direction. Some of the underlying indicators are very supportive of additional rally strength to the upside; the $NYHL, for example surged to a level that is usually indicative of a bull market breakout... Read More
