The Canadian Technician

September 2013

The Canadian Technician

$TSX Sector Review

by Greg Schnell

The performance charting tool called the perf chart compares the performance in percentage terms of different ticker symbols. Canada's underperformance seems to be improving as we have outperformed the $SPX over the last three months... Read More 

The Canadian Technician

An InDepth Review Of The 30 Year $USB Chart Posted Yesterday

by Greg Schnell

In response to my short blog about the 30 year Bond, I received lots of questions and comments. This is a long detailed blog about the $USB complete with closeups on momentum lows. Here is the chart I showed yesterday. The findings from the detailed review are pretty interesting... Read More 

The Canadian Technician

The 30 Year Bond "Momentum" Is At Record Levels

by Greg Schnell

Here is a chart of the $USB going back to 1980. By any indicator it is either at record lows or similar extreme lows in terms of momentum. This would be one reason for playing reversion to the mean. For those interested, it might be a great trade... Read More 

The Canadian Technician

Using CandleGlance For Money Flow. 6 Sectors Are Negative.

by Greg Schnell

After coming back from NYC, it reminded me to review some of the subtle data in the sectors. Here is the SPY. So, what is the sector breakdown? That gets more interesting to see what is leading. Lets go through the sectors. I wanted to show two things here... Read More 

The Canadian Technician

A Former Commodities Market Darling Wakes Up

by Greg Schnell

The stock market is littered with stocks that went to the moon and back. Canadians will remember JDSU and Nortel. Americans will remember Yahoo and Microsoft. The stock below was a darling into the 2006 runup. It has since had a small pullback of 99%... Read More 

The Canadian Technician

The World Is Breaking Out Higher. Period.

by Greg Schnell

OK. The number of locations breaking out to new highs is consistent with a new bull market. Let's roll through them. Without charting the $SPX, $INDU, $COMPQ we know they are at new highs. Look at the $TSX... Read More 

The Canadian Technician

The Fed Meeting - Friend or Foe

by Greg Schnell

I keep a chart looking at what happened after the Fed meeting dates. Here is the last year. You can see if has provided lift at almost every meeting. The September meeting is on the far left edge. It was down from there into the November low... Read More 

The Canadian Technician

Materials, Metals and Miners Are Popping. Check Out The Differences

by Greg Schnell

Here is the XLB. Here is the Canadian Materials Index. Can you believe the difference in the two indexes? One is bottom left to top right - a.k.a. Bullish. One is top left to bottom right - a.k.a. bearish... Read More 

The Canadian Technician

Canadian Drillers Are Liking High Oil Prices

by Greg Schnell

This is a pretty simple story. Higher oil prices mean more drilling. Only one is missing the love of the market towards these drillers. All of them are currently trying to bounce off the 10 week line. Usually a good entry in an uptrend where stops can be placed close by... Read More 

The Canadian Technician

Canadian Banks Hammer The Buy, Buy Buttons While Going To New Highs

by Greg Schnell

The vast majority of Canadian banks made new highs this week. Click here for a live chart. It is not uncommon for volume to spike on earnings weeks. But the real story was Volume, Volume, Volume relative to history... Read More