The Canadian Technician

The Canadian Technician Video Recording 2017-05-30

Here is this week's link to The Canadian Technician Video Recording for Tuesday, May 30th.

The Canadian Technician, Greg Schnell 2017-05-30 from on Vimeo.

Also, here is the chart I spoke of specifically in the video. You can click on it to open up the chart on your workbench. Then click on annotate to alter some small detail before saving. Then click save and store the chart in your own chartlist.

Good trading,
Greg Schnell, CMT, MFTA.


Canadian Utilities Close At New Highs - Higher Prices For Consumers Coming?

Rolling through the various sector charts shows Canada all mixed up. Technology has been holding up but the anchor tenants of the Canadian market have not. A one month view shows the Material Energy and Financials spaces as mediocre, and the other areas driving the bus. While Healthcare is bouncing off huge multi year lows, it looks impressive, but not really. Shopify and a few other names have led the Technology space higher, but the Utilities seem to be holding up. 

Continue reading "Canadian Utilities Close At New Highs - Higher Prices For Consumers Coming?" »

Gold Stocks Surge! Want A List Of Strong Ones?

Gold stocks bubbled Tuesday and there were some great trend lines broken. So let's work through a collection of the Gold stocks. Here is the XGD.TO Miners ETF in Canada. The SCTR is going ballastic and is still a little below my trigger line of 75. However, this is for the gold stocks average. On the price panel, the trend line finally broke Tuesday and the MACD is moving above zero. The Relative Strength in purple is still weak. We would like to see this move to three month highs. At this point it is just moving to one month highs. Patience should kick in here, but the other improvements suggest to pay attention now. 

Continue reading "Gold Stocks Surge! Want A List Of Strong Ones?" »