The Canadian Technician

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).

Latest Posts

The Canadian Technician

The Canadian Technician Video Recording 2017-06-13

by Greg Schnell

Here is the link to The Canadian Techncian Video Recording for 2017-06-13. The Canadian Technician Video Recording With Greg Schnell 2017-06-13 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.     Read More 

The Canadian Technician

Mid Year Update On Canadian Banks

by Greg Schnell

The Canadian banks have underperformed the $SPX so far this year. They have drifted lower since March but they have some interesting traits on the indicators pointing to an interesting time now. Two have yields of 3.65%, two have 3.83% and CIBC has 4.65%. First of all, BMO. The yield is 3.8% which is very big. I'll come back to the SCTR but the downslope in relative trend was broken this week. While that is hardly a starting point, it coincides with the price breaking back above the 200 DMA. The Friday volume was great and the MACD crossed above the signal line. Looking at the SCTR, I do Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-05-30

by Greg Schnell

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 StockCharts.com 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.   Read More 

The Canadian Technician

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

by Greg Schnell

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.  The Utilities Sector ($SPTUT) didn't really move on the big downdraft on May 17th Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-05-16

by Greg Schnell

Canadian charts got a lot more interesting this week with some big cross-currents. Here is a look at each of the Canadian sectors and some areas that might have potential to move big. The Canadian Technician Video Recording With Greg Schnell 2017-05-16 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA   Read More 

The Canadian Technician

Canadian Grocers Continue To Supply Portfolio Food

by Greg Schnell

The Canadian Grocers have some of the strongest SCTR rankings in Canada right now. A quick run through the charts show us some pretty interesting stuff. Here is George Weston (WN.TO). The SCTR is soaring and the two-year consolidation appears to be well behind it. Here is Metro. (MRU.TO). Metro had a stunningly good chart in place until July 2016. After a 9-month correction, Metro looks to be on the move again.  Loblaws (L.TO) continues to work. This breakout from a 2-year consolidation is great! Empire Read More 

The Canadian Technician

Energy and Minerals Get Slammed

by Greg Schnell

The storm that we have been watching build has finally blown in. As the $TSX rolled down over 150 points today, the carnage is in the energy and materials sectors.  Brent and West Texas Crude have been falling, the commodities like Copper and Gold have been falling, agriculture stocks have been falling, and the summation of what was a subtle drift lower really started to accelerate today across the Commodities space. One of the cleanest charts to display this is the XEG.TO. The SCTR is clearly out of favor and until this starts to perk up, the industry group Read More 

The Canadian Technician

Canadian Technician Video Recording 2017-05-02

by Greg Schnell

Here is the Canadian Technician Video Recording 2017-05-02. Canadian Technician Video Recording With Greg Schnell 2017-05-02 from StockCharts.com on Vimeo. Regards, Greg Schnell, CMT, MFTA   Read More 

The Canadian Technician

Lumber Stocks Soar On Tariff Announcement

by Greg Schnell

WIth tariffs being applied today, I thought I would take a look at the forestry stocks. I think we'll all be surprised to see them soaring with $LUMBER limit down in the Futures market today. Note the $LUMBER price will be updated after the market close. This is yesterday's close for $LUMBER and real time for the stocks. Starting with the WOOD ETF, the chart is beautiful. In the zoombox we can see todays action. Interfor (IFP.TO) looks great. West Fraser (WFT.TO) has the top percentage move in the group today..Nice! Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-04-18

by Greg Schnell

Here is a link to this week's video recording.  The Canadian Technician Video Recording With Greg Schnell 2017-04-18 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA   Read More 

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