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 2017-07-11

by Greg Schnell

The Canadian Technician Video Recording 2017-07-11 has been posted. The $TSX continues to weaken and has dipped 1000 points from the highs. Canadian Technician Video Recording With Greg Schnell 2017-07-11 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.   Read More 

The Canadian Technician

Canadian Airlines Start To Soar With The US Airlines

by Greg Schnell

Air Canada (AC.TO) has been flying (not good to say an airline is 'on fire'), but the other airlines are starting to get the memo. Looking through all of the Canadian airlines, the group looks ready to push higher. Not just one winner, but five winners. The US Airlines have been breaking out too. Let's start with Air Canada's leadership (AC.TO). The next player is Westjet (WJA.TO). Westjet broke out to a new high today and broke through a long line of resistance recently. Chorus Aviation (CHR.TO) has been gently Read More 

The Canadian Technician

The Canadian Technician Video Recording For 2017-06-27

by Greg Schnell

The Canadian Technician video recording discusses why there are reasons to expect a positive outcome for the Canadian market but there is a substantial risk for a significant fall from these levels.  Canadian Technician Video Recording With Greg Schnell 2017-06-27 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.   Read More 

The Canadian Technician

Canadian Market In Correction

by Greg Schnell

After months of watching the oil stocks underperform crude, the broader Canadian $TSX was able to withstand some of the selling. Now the breadth of the market has shrunk considerably. All market breadth measures are weak. The chart below shows the Bullish Percent Index ($BPTSE). This measures the number of stocks on a buy signal. The blue vertical lines on the chart show when the $BPTSE breaks below the 40 Week Moving Average shown in green from a really high level. The correction is usually considerable. This correction has just started. Looking at Read More 

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 

Subscribe to The Canadian Technician to be notified whenever a new post is added to this blog!