The Canadian Technician July 27, 2012 at 09:07 AM
Well, Another day another trend. As long as you use a 10 minute chart! The longest trend from low to high has been 6 days. Oil stocks are starting to get a bid. The gold breakout this week couldn't be more timid. Friday's bizarro world. It is an amazing time to be an investor... Read More
The Canadian Technician July 24, 2012 at 05:56 AM
FEDEX - I heard this morning that Fedex is not like UPS at all. It is only UPS that has a problem. Let's check the charts. Here is FEDEX weekly from 2005. Well. Is it a canary, A black bear, a Grizzly or a Kodiak? Notice the RSI has given us a bear market signal... Read More
The Canadian Technician July 23, 2012 at 04:19 AM
Well, just back from time in Tuscany, and the markets have a thousand stories. All interesting, all for us to trade. The interesting thing is the opinions are barbell weighted here. Strong bull market, strong Bear market. Lets do some review. Here is a chart of $COMPQ... Read More
The Canadian Technician July 14, 2012 at 05:52 AM
Here is the current $SPX. Sitting in the middle of the six month range, bouncing off the 200 DMA. Now compare with 2011. Here is last years $SPX. All the indicators and oscillators are behaving the same. Even Warren Buffet says the world is flat... Read More
The Canadian Technician July 06, 2012 at 04:29 AM
So here we are at the resistance line. The market bounced off the 40 week MA and pushed higher. It made it back above the 10 week MA and pushed higher. The weak PMI data showed up and it still moved higher. The weak jobs report showed up and it pulled back today... Read More
The Canadian Technician July 02, 2012 at 03:53 PM
In the market rally of August 28th , 2010 I sat firmly committed to being short while the market roared ahead in the face of global issues. It was a painful lesson to ebb and flow wth the market. Friday reminded me of the experience again... Read More
