The Canadian Technician

End of quarter review.... Interesting charts below

by Greg Schnell

Very interesting quarter, let's do a review. While watching the US markets powering higher to the tune of 12%, the $TSX is up 1%. If you were in the strong stocks the pullbacks have been jarring like 20% in a week in WPT.TO... Read More 

The Canadian Technician

Lumber related stocks...still going up?

by Greg Schnell

Here are two lumber/paper stock dashboards. Pretty mixed bag. You can see there are sharp contrasts between the leaders and laggards. Home Depot and Lowes in the US are doing pretty good. Look at RONA at the bottom here...No momentum higher at all... Read More 

The Canadian Technician

The Canadian Banks - Dashboard view

by Greg Schnell

The Canadian banks are very interesting here. Well, here is the dashboard. Lets start at the top. The Financial services sector has been rising nicely... Read More 

The Canadian Technician

A quick look at sector strength SPURS

by Greg Schnell

If you have been reading the blog for a while, you know that I find comparing sectors and stocks to the SPX a valuable tool. Well, here are the Canadian sectors compared to the $SPX. As you can see, all of these sectors continue to underperform the $SPX. they are all tilted down... Read More 

The Canadian Technician

Is this a buying cycle?

by Greg Schnell

With all our cycle work over the last week, I took a look to find buying cycle lows. Lets describe how we started these lines. Well, the 2 best buy points on the chart are at the 2003 and 2009 lows... Read More 

The Canadian Technician

Some long interval work on the $SPX - you might like this!

by Greg Schnell

The more you speak to the veterans in the industry, the more they talk about cycles and intervals. Recently, Tom McClellan of McClellan Oscillator was in Calgary to speak. He spoke of cycles and time shifted intervals. Cycles indicate a repetitive low - low pattern... Read More 

The Canadian Technician

$UTIL breaking out

by Greg Schnell

As a follow up to the article on utilities, here is the relative strength in purple, starting to move higher. Looks like the love of stability is starting to return... Read More 

The Canadian Technician

A quick lookback at $CDNX, Look ahead on $NATGAS.

by Greg Schnell

One of the benefits of being a stockcharts member is the multiple ways to display data and save it for future looks. On the weekend I was scanning through my various chartlists. This chart popped up in my "Canadian Technician" chart list... Read More 

The Canadian Technician

Commodities - The Big Picture- Canada, Copper, Gold, Australia,

by Greg Schnell

I got a comment back on the Long Term $TSX chart from earlier in the week. One of our fellow CSTA members from Ontario, Bob Hunziker, sent in this great chart. Why is it great? When we spend too much time on short term charts we fail to see the big picture... Read More 

The Canadian Technician

XEG correlated to the TSX

by Greg Schnell

These charts rolling over here are spectacularly troubling! At the bottom of the list is a 13 year chart of the TSX. It is never good when the MACD resides below zero. So, maybe it's a one day deal, but be aware. In 2008 the SPX spent the entire year under the 200 dma... Read More 

The Canadian Technician

Oh oh...XEG.TO

by Greg Schnell

Canada's energy sector ETF. I posted this chart on Feb 18. This is a problem. This chart has not been able to break resistance. Caution is advised as the $TSX tracks this chart pretty closely. Remember when the $TSX topped out in 2011? Same time this chart topped out... Read More 

The Canadian Technician

Checking out XLU to demonstrate a trend change in indicators.

by Greg Schnell

Today I want to show a chart that would define ‘poised to move up' but has not already made 25% rather than a chart with downward momentum like the CNQ chart illustrated last week. This is really a direct comparison to the blog I did on CNQ... Read More 

The Canadian Technician

What is going on with CNQ?

by Greg Schnell

This is the equivalent of the famous stockcharts blog - "Don't ignore this chart!" This stock has been one of Canada's institutional favorites. It has soared with every oil price rise for 2 decades and plummeted in the 2008 commodities dive. So Oil hit $110 this week... Read More 

The Canadian Technician

Agriculture is warming up

by Greg Schnell

Today was very interesting. It really felt to me like a day of major trend changes, but the charts just hinted rather than roared. Some of the interesting data was on the Agriculture index, livestock and defensive sectors seem to be gaining relative strength... Read More