The Canadian Technician

February 2012

The Canadian Technician

If energy is breaking out...

by Greg Schnell

Lets zoom in on energy stocks. Someone recently said Suncor is trading like oil is at $70. Well, for canadian heavy oil, the price differential to $WTIC is around $30 due to the pipeline issues. So that helps explain why our Cdn oils have been more suppressed... Read More 

The Canadian Technician

BREAKOUT!

by Greg Schnell

Hey, the $TSX finally broke above its 200 DMA. Let's enjoy the rally! What I like is that we finally broke above the 200 DMA with volume. As you can see this area has been resistance in a big way. Let's list the resistance and check them off as we go past them... Read More 

The Canadian Technician

$COPPER caught the flu this week...get a doctor!

by Greg Schnell

Ask me what I am bullish about. The XEG.TO got a little life and moved back above the 40 week DMA. As a sign of encouragement, Crude oil broke out of it's trading range. That is helpful as a major commodity. In the USA you can look at XLE for the ~equivalent~ of the XEG.TO... Read More 

The Canadian Technician

Tina Turner - "You Better Be Good to Me"

by Greg Schnell

Apparently the English language has more ways to say the same thing than any other language in the world. I guess we were blessed with Shakespeare or finance guys. When things repeat, we have many different phrases for them... Read More 

The Canadian Technician

This is an important chart for Canadian and Commodity Investors

by Greg Schnell

One chart for tonight. THe $TSX is firmly against the resistance of the 200 DMA. A fail here would be significant. Caution is advised. Remember, the Canadian Dollar, the $TSX, the $SPTEN are heavily influenced by $WTIC,$copper and $HSI... Read More 

The Canadian Technician

Are century old indicators just too obvious to work any more?

by Greg Schnell

Living out in Alberta, I am in the home of ranch country which marks territory for the bulls. To the West is Banff National Park, Waterton National Park and Jasper National Park. All of these parks are home to grizzly bears and black bears... Read More 

The Canadian Technician

Using the SCTR Rankings

by Greg Schnell

One of the frustrations investors have is looking through the charts of common stocks and never seeing the great growth stocks that are accelerating. How can we find these stocks? Well the SCTR ranking system is extremely valuable... Read More 

The Canadian Technician

Commodities...to buy or to die?

by Greg Schnell

Here we go again.Great stuff here in the commodity space. I'm getting more bullish after looking at some long term data and comparing it to the current charts. I still think the market needs a rest. The $VIX has been on the low side of the 20 EMA for almost 10 weeks now... Read More 

The Canadian Technician

Party like its 1994? LIfe is like a box of Chocolates...

by Greg Schnell

The market of 1994 was particularly difiicult. It soared from the lows and created excellent rallies. Each rally was crushed and the 200 DMA flatlined. More importantly, What happened next? That was a picture of the first 8 months of 1994. The peak on the right was Sept 1 1994... Read More 

The Canadian Technician

Resistance Lines Everywhere...Can We Break Through?

by Greg Schnell

Just check out these charts: Everything is screaming overbought. I think we are in a new uptrend and perhaps we will get a pullback on Greece news. Lumber, Copper, are in great shape. Here we sit. The COMPQ has blown through resistance... Read More 

The Canadian Technician

Candlestick Tails

by Greg Schnell

Well, here we are. Testing the top of the markets again. The intraday price action today was very interesting. The Dow made its high around 10:15 in the morning. It drifted sideways for a few hours, then fell out of bed... Read More