The Canadian Technician

Finding Market Tops

by Greg Schnell

The Never ending question of timing the market is a technicians dream. Knowing when you have hit a high, knowing when you have hit a low. Or knowing your on the wrong side of the trade because the Fed just stepped in... Read More 

The Canadian Technician

How bonds / currencies affect your stocks

by Greg Schnell

Once again, the USD currency is dominating the market moves today. Slight change in direction in the $USD, and everything followed. The recent pullback in the USD has been aggressive. BUt look at bounce off the fibonacci retracement line... Read More 

The Canadian Technician

Waves...what happened?

by Greg Schnell

Today the blog is puzzled. Overbought indicators are rolling over... Telling me to get out of Dodge. Price action....telling me to get out of Dodge. Actual price change, saying things are ok... Read More 

The Canadian Technician

Metals, materials, and money

by Greg Schnell

Well Yesterdays FOMC meeting was interesting. The data came out earlier than I was expecting.I was also surprised that the Fed was so focussed on generating inflation and avoiding deflation at all cost it seems... Read More 

The Canadian Technician

COPPER, GOLD, US DOLLAR... REALLY INTERESTING CORRELATIONS

by Greg Schnell

Look at this collection of charts, all at an interesting place in time Here is the $COPPER weekly. Notice the thin black line right at this $3.80 level. Here is $GOLD... Read More 

The Canadian Technician

Is the Ultimate reversal trade finally here?

by Greg Schnell

OK which one am I talking about? THe Nat gas trade or the long bond trade? Well, it's the long bond trade. Here is a picture of the daily zoomed in on the latest time period. So this is clearly a breakout... Read More 

The Canadian Technician

Looking for trouble? Chart trouble that is....

by Greg Schnell

Today, Let me present a simple chart of the $SPX from February 1 to August 1,2011. Then let's use the logic for the TSX. Then we'll take it back to the SP500... Read More 

The Canadian Technician

Natural Gas stocks...talk about lows...

by Greg Schnell

I'm driving through the gas fields of southern Alberta today. Temperature is -32 C or minus 25 F. How can Natural gas pricing stay this low...I don't know. But here is the real question... Read More 

The Canadian Technician

Gold - let's dig a little deeper - ok a lot deeper.

by Greg Schnell

$Gold This shiny metal is really keeping us guessing as to where it is going. Today marks another very important point on the chart. Let's drill into it and see what's going on. Here is the same chart zoomed in on the final year... Read More 

The Canadian Technician

Canadian Sector Strength

by Greg Schnell

Here are the Canadian Sector charts. Here is the second group. Very interesting checking out the charts together. What do I see here? I see Rim heavily influencing the Tech chart for Canada at the top... Read More 

The Canadian Technician

Gold- Optimistic or pessimistic Check the $BPGDM

by Greg Schnell

Here is the $BPGDM chart. This chart shows what percent of gold mining stocks are on a buy signal on a point and figure chart system. I am not bullish on $GOLD due to the $USD strength. But the indicators are saying buy the gold miners - or at least trade the index... Read More 

The Canadian Technician

The Canadian Banks

by Greg Schnell

The Canadian Financial sector has been in the news lately and there have been some big gainers. Seasonally, they get a bid going into Canadia RRSP season. Interestingly, the BNS ticker was the strongest a few months back. Now the Royal Bank has literally launched higher.... Read More 

The Canadian Technician

Nasdaq Earnings Learnings - What you need to know..

by Greg Schnell

Today I want to present one chart. This is the index for the top 100 stocks on the Nasdaq. The Ticker is the $NDX. Why does The Canadian Technician bother to plot the Nasdaq 100? Well, it tends to be a composite of some of the exceptional stocks in Technology... Read More 

The Canadian Technician

A New Year - Let's start with Dr. Copper

by Greg Schnell

Well, I had a great holiday and I hope you did too. We are back in the saddle, scrawling the blog for 2012! One of the first blogs I wrote was on Dr. Copper. I've attached that chart here. Well, 3 and 1/2 months later, we are back to the same level... Read More