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 2017-08-08

by Greg Schnell

The Canadian Technician Video Recording is available.  Two charts that were very interesting were the Canadian Financials and the Consumer Discretionary charts. If they could break out of the momentum trends they are in, in might be a beautiful rally into the fourth quarter. But the charts are currently on the fence, with a drought on one side and greener pastures on the other. Canadian Technician Video Recording With Greg Schnell 2017-08-08 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA   Read More 

The Canadian Technician

Fertilizer Related Stocks Start Showing Green Shoots

by Greg Schnell

Agriculture stocks have been on a slow burn for shareholders. Continually drifting lower, frustrating even the most patient investors, it's been a difficult few years. Perhaps there is a light at the end of the field, or is it just another firefly? Let me start with our Canadian Agriculture plays and work into the US market. Agrium on the $TSX, AGU.TO (also on NYSE at AGU). The SCTR is sun-rising above 30 from an oversold level. The Full Stochastics have turned up like weeds in summer. The MACD has also flipped onto a buy signal. That is the optimistic side. The Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-07-25

by Greg Schnell

I updated a  signficant number of charts today. Cleared off a lot of the annotations and cleaned up the charts. The charts are sitting on a knife edge. The Bullish Percent Index keep dropping but there are some areas of hope.  The Canadian Technician Video Recording 2017-07-25 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA   Read More 

The Canadian Technician

Canadian Insurers Break Out To Fresh Highs

by Greg Schnell

Canadian Insurance stocks are rallying while the Canadian Banks are hovering closer to their 200 DMA's.  Manulife Financial (MFC.TO) made a nice move today. The intraday volume is the same as yesterday and we are only half way through the day. Perhaps we'll finally get a volume candle of some significance with the breakout. Another major insurer that we watch is Sunlife (SLF.TO). The chart is not quite as sunny, but it has some rays of hope. Industrial Alliance (IAG.TO) is also looking good but needs to Read More 

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 

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