The Canadian Technician May 31, 2012 at 02:05 PM
Well, This chart went vertical, and the commodities went south. Enough said. As fear returns to foreign markets and money migrates to the US Dollar denominated indexes, we can continue to expect weakness. Caution for Canadian stock picking is still advised... Read More
The Canadian Technician May 30, 2012 at 03:52 PM
This chart represents the shipping of dry goods. 6 year chart. Many people disregard this indicator as the ships ordered in 2007 bull market have been delivered over the past few years creating too large a fleet for demand. That said, the $BDI rallied off the October low... Read More
The Canadian Technician May 30, 2012 at 03:01 PM
Either all the world is insane together as this MACD says the yield momentum is improving. (the mass physcology of crowds) Or somehow Europe prints money and the world is just fine. Who knows...but this will be a great clue... Read More
The Canadian Technician May 28, 2012 at 01:28 PM
Recently, I blogged about how the wheat futures had already broken down, but the current spot price was still above support but looked to go lower. Well, look at the volatile response wheat has had recently... Read More
The Canadian Technician May 27, 2012 at 10:11 AM
Crude is what makes the world go around! Living in the heart of oilville (thats not olive oil!) we pay particular attention to crude. Currently crude trades below Alberta government budget forecasts as well as industry budget numbers. I believe Cenovus used $104... Read More
The Canadian Technician May 25, 2012 at 08:21 AM
Well, $NATGAS appears to be building a bottom. Currently we are testing resistance. Interesting how Natgas bottomed the last week of April when the SPX topped. Hedge fund mania or a real change in the supply/demand? Here is the inventory chart from the EIA... Read More
The Canadian Technician May 17, 2012 at 04:56 AM
GOLD is this finally the bottom? Probably every Technician on the planet expected a bounce here in Gold. This is a significant reversal candle. So lets lay out the issues. Gold's ability to go up while the $USD drops is not common... Read More
The Canadian Technician May 14, 2012 at 03:18 PM
One of the things the world keeps talking about is food inflation. Well, wheat futures are breaking to new lows. The chart below is the current month contract for $WHEAT. However, the futures curves all look weak and are getting weaker... Read More
The Canadian Technician May 09, 2012 at 05:13 AM
While everything feels fragile at the moment, we need to be building our shopping list. Today lets talk about Teck. While markets in general are getting thumped and our $TSX has given up 1200 points since March, a rally is to be expected for a few days... Read More
The Canadian Technician May 04, 2012 at 03:09 PM
Check this out! I have been looking for a quick view of the $TSX from stockcharts home page for a while. Look what has made it onto the consistently popular list. $TSX.... Nice button for Canadians! Good Trading, Greg Schnell, CMT PS... Read More
The Canadian Technician May 01, 2012 at 04:42 AM
If we just use an $SPX chart with a 20 month MA, some simple data pops! Notice the clarity of this chart. How it is always riding clearly above or below the 20 MA. Let's compare to the other countries: Here are the times when the US crossed to the upside. Look at the green lines... Read More
