The Canadian Technician

$USD - The story of May

by Greg Schnell

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

Baltic Dry Index... Not exactly mouthwatering....!

by Greg Schnell

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

Shorting the Long Bond - a final low in the base?

by Greg Schnell

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

An Update on Wheat! Radical swings in action

by Greg Schnell

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

Where can oil find support? $38.55?

by Greg Schnell

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

$NATGAS - building its base.

by Greg Schnell

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

GOLD- New low, a bounce, or a one day honeymoon?

by Greg Schnell

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

Is your portfolio on a profit diet? It could be for a while!

by Greg Schnell

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

Canada's Favorite Miner sits on support

by Greg Schnell

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

Homepage Stockcharts Alert! $TSX -one-click !

by Greg Schnell

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

$SPX 1600 or $SPX 1200 next.. An imminent move is upon us. I say...

by Greg Schnell

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