The Canadian Technician

$COPPER Loses The 40 WMA

by Greg Schnell

I think I start every post about $COPPER that it is a great leading indicator. Well, it might be an economic activity indicator, but it sure isn't a good indicator of US stock market direction. First of all, we can see the RSI is stuck below 65 which is a bear market... Read More 

The Canadian Technician

$NATGAS - Volume Reversal?

by Greg Schnell

Heads up on Natgas. Just a cautionary note. THis soared 10% on Friday, so that's a caution. But more importantly, the 2x etf soared to 10 M shares, almost 3 times the normal volume... Read More 

The Canadian Technician

Gold Miners Outperform Gold

by Greg Schnell

Well, it looks like the 7 dwarfs can get back to work. The Gold Miners are finally outperforming the metal which is very bullish. One of the key clues at Gold's top was the miners underperforming... Read More 

The Canadian Technician

$TSX Approaches 14000 And The 2011 Highs

by Greg Schnell

Well, it has been 3 years since the $TSX sat above the 14000 level. After Monday's 101 push, the $TSX was a basketball hoop from 14000. Well, this morning we shot up to 13999.60 and dipped back down. Here is the long term view... Read More 

The Canadian Technician

$USD Appears To Be Creating A Sequel Pattern

by Greg Schnell

In Intermarket analysis, the view created by all four investment categories can be very helpful, rather than just looking at one. Currencies, Bonds, Equities and Commodities. Let's review the 30 year chart of the $USD first. It usually has a big effect on the rest... Read More 

The Canadian Technician

REIT's Are Starting To Perk Up

by Greg Schnell

Earlier in the week, I noticed some of the REIT's were starting to get some bids. On Friday, the REIT's and Utilities got a bid. Here are three that are working at getting back above the 200 DMA. Here is RioCan the mall property developer. Here is Crombie... Read More 

The Canadian Technician

GDX - Head Shoulders Bottom?

by Greg Schnell

GDX is an ETF that tracks gold miners. In Canada the gold miner ETF is XGD.TO. The Gold miners are trying to turn up here. The turn is important as sentiment towards the gold miners ETF is very very low. If you like the miners, this is worth paying attention... Read More 

The Canadian Technician

$NATGAS Bangs Up Against Resistance

by Greg Schnell

Natural Gas is in focus with the cold spell everywhere. A little global cooling for North America and a little extreme heat for Australia... Read More