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 2017-11-21

by Greg Schnell

The Canadian Technician video recording for 2017-11-21 is now available. This broadcast I tried a few of the new features on StockCharts.com. In concert with the sector analysis, I went in the SCTR rankings in a few of the sectors to help identify interesting stocks setting up. Feel free to email me your comments. Might be a little small if viewed on a phone but should be great on a tablet or computer. Canadian Technician Video Recording With Greg Schnell 2017-11-21 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA Read More 

The Canadian Technician

Canadian Technician Video Recording 2017-11-08

by Greg Schnell

A new Canadian Technician Video Recording is available for viewing. Canadian Technician Video Recording With Greg Schnell 2017-11-08 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA Author of Stock Charts for Dummies (Pre-order now, available January 2018) Amazon.com Author of Stock Charts for Dummies (Pre-order now, available January 2018) Amazon.ca Read More 

The Canadian Technician

Canadian Banks - Ready To Run?

by Greg Schnell

The Canadian Banks are trying to turn up. The group has been under pressure lately, but perhaps its time to buy? Here's BMO. The Canadian banks have not had this price action weakness in 5 years. The SCTR is bouncing from its lowest level on the chart. Nice positive divergence on the Stochastics. The PPO looks ready to break the downward trend. RBC looks similar. Weak SCTR turning up. TD already started the move. Trying to make new all time highs. SCTR moving above 75.  CIBC looks very interesting with a push Read More 

The Canadian Technician

The Canadian Technician Recording 2017-09-19

by Greg Schnell

The new Canadian Technician Video Recording has been posted.   Canadian Technician Video Recording With Greg Schnell 2017-09-19 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA   Read More 

The Canadian Technician

The Canadian Technician Recording 2017-09-05

by Greg Schnell

Well, September starts with a flurry. Banks are breaking down, and gold is breaking out. The story with oil continues to be influenced by winds of a hurricane. First it was Hurricane Harvey and this week the Gulf of Mexico is seeing the winds of Hurricane Irma. With a significant volume of off-shore and on-shore production shut in, we should continue to see some volatility in price.  A lot of the Canadian sectors are failing at their trend lines, so that is a bigger concern for the broad index.   Canadian Technician Read More 

The Canadian Technician

August Month End Shows Some Big Picture Set Ups

by Greg Schnell

Canada has been lagging behind almost every other nation in the world in terms of stock market performance. The Canadian market peaked on February 21st and we have drifted down and sideways for the last 6 months. The chart for the $TSX has some encouraging signs on it. Let's start with the Bullish Percent Index.  The red horizontal line is placed based on the current level. The 2004 pullback as well as the 2010 pullback, both had the same sort of pullback as the Canadian $TSX in the bottom panel. The other two drops in 2011 and 2014, marked by the blue vertical lines, were much more Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-08-22

by Greg Schnell

This recording has some bright spots showing up in Commodity related countries with the Brazil market breaking out to 6-year highs. That is very bullish for commodities. The real problem is that a lot of the Canadian sector charts are at pivotal levels. If they can hold and break higher, that will be bullish. For some reason, a lot of the defensive sectors are also setting up topping patterns. This is puzzling. If they are breaking down, are we about to see broad rotation into the primary Canadian sectors? Or is everything lining up to sell off? In a recording with a lot of potential Read More 

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 

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