The Canadian Technician October 31, 2011 at 03:42 PM
It has been a few days since the EU summit. Let's check in on some places for strength to show up. 1) Let's look at some US banks to see if they are going vertical. While JPM may be stronger, let's look at BAC. I don't get any courage looking at these... Read More
The Canadian Technician October 28, 2011 at 01:04 PM
Well, that was some rally! I float between BNN and CNBC during the trading day. Most of the time with the volume off! At the end of yesterday,with the volume on, I heard Bob Pisani enthusiastically say something about volume. Paraphrasing ~ Did you see that volume today...... Read More
The Canadian Technician October 27, 2011 at 02:48 PM
Wow, Who would have thought nothing concrete, promises for dates in the future, failed math, leveraged debt on debt, a letter about austerity, and voluntary losses could hold a 27 country project together under extreme tension... Read More
The Canadian Technician October 25, 2011 at 10:26 AM
Well, couple of things have really traded wildly leading up to the European Summit. Here is a chart of West Texas Crude. When people talk about retracement levels, some just throw it away as nonsense. Technicians use retracements. This chart is a classic so far... Read More
The Canadian Technician October 24, 2011 at 09:14 AM
Well that was a bullish Monday, with almost 15 days straight up. This TSX market is really underperforming the US markets. On each chart, check the location of the price compared to the 10 week or 40 week MA (Moving Averages)... Read More
The Canadian Technician October 21, 2011 at 04:46 AM
Shanghai Composite made 2.5 year lows this week and last week. In the same week, Copper made new lows. Every chart is at a decision point. They are all lined up. Here is the Commodities dashboard again. $WTIC is trying to rally above the 10 week. It's pretty important... Read More
The Canadian Technician October 20, 2011 at 06:46 AM
This post is in response to some verbal, some email questions that have come from my previous posts. In posting my last few blogs, I added caution that tomorrow, Friday was OED (Option's Expiration Day) but it is different because it is during earnings season... Read More
The Canadian Technician October 19, 2011 at 12:15 PM
One way to see when this might be breaking out or breaking down is to watch the centre of the storm. In no particular order, Barcley's. BNP Paribas is one of the main French banks under pressure... Read More
The Canadian Technician October 19, 2011 at 04:14 AM
Well, It's be a couple of weeks from the market bottom. A buy signal should be showing up on these charts. I want to caution about how things may fall apart after Options Expiration on Friday. But so far, things look solid. We have moved well outside our oversold zone... Read More
The Canadian Technician October 17, 2011 at 07:41 AM
Nothng is ever 'A sure bet' but some indicators can really help. This indicator and how it was displayed was on the Public Chartlist from Yong Pan or 'Cobra' years back. I encourage you to make your own version of it. Stockcharts.com has some excellent indicators... Read More
The Canadian Technician October 16, 2011 at 04:43 AM
GOLD, It's making us work hard ! Well, below are all of the signals I see in GLD. It really needs to get some upside volume going right away if higher highs are coming. This is the Weekly: Here is GLD. A few things to compare... Read More
The Canadian Technician October 15, 2011 at 03:52 PM
Today, we are discussing the commodities within Stockcharts that we can use to Identify food inflation. I've set up a few dashboards for these. The chart patterns are much different than the base metals, lumber and oil... Read More
The Canadian Technician October 13, 2011 at 06:15 AM
An interesting point on the chart today. This is the Canadian Financials Index, long regarded as the safest banks in the world for at least 5 years now. The Canadian Financials Sector moved above it's 10 Week line this week for the first time in 6 months. That is good news... Read More
The Canadian Technician October 12, 2011 at 01:05 PM
What is it? The 30 year Bond Yield is it. The bond yield has been trying to base (or at least I think it has). Look at the difference in these two charts. Notice the dates of the picture, top left on the charts. This was a week ago. Now take a look at the current, updated chart... Read More
The Canadian Technician October 11, 2011 at 02:46 PM
Today's comment is how oversold the energy sector is. THe Bullish percent index is a measure of the % of stocks in a group that are on Point and figure buy signals. Buy Signals are stocks with a recent breakout above a previous column of x's... Read More
The Canadian Technician October 10, 2011 at 04:35 AM
Well, On Friday all of my bullish sentiment indicators were solid green. Today, the US market is rallying with gusto, albeit lower volume as it is a Thanksgiving Holiday in Canada and the Canadian market is closed. Lets, check where the BCC models are at... Read More
The Canadian Technician October 07, 2011 at 09:14 AM
One of the things that make the markets most difficult, is they start to drop long before the earnings do, and they start to rise well before the earnings. The markets rally when you feel hopelessly beaten up, you stop looking at your charts, because everything is bad... Read More
The Canadian Technician October 06, 2011 at 09:19 AM
$LUMBER has been on a nice uptrend. It is at a support trendline currently. We would like to see this hold and a rally start from here. Canadian Lumber stocks like CFP.TO have had some exciting moves both ways in the last year... Read More
The Canadian Technician October 05, 2011 at 12:54 PM
Well, Some think we are in a recession, some say just a bad month or two. This is the XEG.TO chart which is the Canadian Energy Sector ETF. So far it has bounced off this blue line, but support has really been unavailable as we fell through all the fibonacci levels... Read More
The Canadian Technician October 04, 2011 at 10:31 AM
OK, Where is oil going? Who knows, but what should we watch for? 1) Let's check the trend. Hey, that is not an uptrend. OK, so Oil is going lower... Read More
The Canadian Technician October 03, 2011 at 09:01 AM
As Technicians, we have the privilege of comparing different stocks, commodities, currencies all on the same chart. Too cool... Read More
