The Canadian Technician

Copper - Are you ready to get bullish on Commodity related Equities?

by Greg Schnell

It has been an interesting week for Copper. If finally got some momentum to the upside and had a stellar day on Thursday. Dr. Copper is a strong indicator of economic activity so having it weaken so substantially since Feb 1 is concerning. We need copper to turn bullish... Read More 

The Canadian Technician

$TSX relative performance continues

by Greg Schnell

Here is a chart comparing the $TSX to the $SPX. We can see that over the past 3 years the $TSX has outperformed the $SPX twice for any multi month length of time. The purple shaded area is how the TSX performs to the SPX... Read More 

The Canadian Technician

Canadian Industrials

by Greg Schnell

Here is the chart for the $SPTIN. A few major concerns show up here. This has been declining for a while. Both the 40 week and the 10 week lines are pointed down. The RSI registered a bear market ahead. The Industrials are unable to push the RSI to overbought... Read More 

The Canadian Technician

$GOLD - a little change today in the mining stocks.

by Greg Schnell

The Bullish percent index for gold miners turned up today. Now it only takes 1 or 2 stocks to make this change, but considering $GOLD was little changed it was interesting... Read More 

The Canadian Technician

Commodities - hummm

by Greg Schnell

I keep looking for some commodities to get a little love but this $Copper one keeps hurting the most. When I posted in January it went on a tear the very next day...... Read More 

The Canadian Technician

$TSX at Major Support

by Greg Schnell

Here is the 3 year $TSX chart. This is a major support line. Obviously we will need to hold here for the $TSX to be able to maintain the 3 year bull market... Read More 

The Canadian Technician

$COPPER

by Greg Schnell

Interesting $COPPER chart, while the earnings for Alcoa (Aluminum)were somewhat bullish. Here is the Daily. I do expect a rally into earnings for strong stocks ( Not necessarily in commodities at all, but I am not seeing a global confirmation of this bull market... Read More 

The Canadian Technician

GLD and GDX What's the trade?

by Greg Schnell

Well, this Gold trade has worked most of the optimists into the prayer box. I believe it is still in a correction and this is my logic. You'll have to let me know if you agree or disagree. Here is the GLD chart. Here is what I see. Starting at the top. RSI below 50... Read More 

The Canadian Technician

Lower highs, lower lows - $TSX

by Greg Schnell

The $TSX continues it's rollover and is testing support at 12200. The Aussie charts look a little stronger but they had exports fall significantly this month and they look to be starting an interest rate drop in the near future. Canada's GDP was 0.1%..... Read More 

The Canadian Technician

Bonds

by Greg Schnell

Nice move in Bond yields after the fed minutes today. In order, 30 Y, 10Y,5Y,2Y, 3 month. All moving higher.. To take this trade you could use a trade like TBT if you think the trend can continue... Read More