The Canadian Technician February 28, 2014 at 04:25 AM
After this month closes out, we'll be talking about when Facebook bought a "What's up Doc?" - WhatsApp for $19B. Some thought it foolish, and I felt out of the loop because I have never heard of the WhatsApp app. So a $19B handle seemed pretty large... Read More
The Canadian Technician February 24, 2014 at 05:17 AM
Its been a few months since October when the $TSX was able to break out to new highs. Since then, it has not been much of a look back. Because of the strength of the gold miners, even the pull back in the early February lows was much shallower on the $TSX than on the $SPX... Read More
The Canadian Technician February 19, 2014 at 03:40 PM
Wow, has this been a difficult trade. It has worn out almost every bull and every bear on the street. Canada's major miner just seems to roll over at resistance every time. Recently, it looked like Teck was finally going to hold above the 200 DMA (40 WMA)... Read More
The Canadian Technician February 19, 2014 at 12:43 PM
As the winter weather sits in snow banks across Eastern North America, $NATGAS has been on a roll. I expected the top to be in for $NATGAS based on the change in the size of the daily moves and a seasonal top in late January early Feb for $NATGAS... Read More
The Canadian Technician February 16, 2014 at 03:02 PM
With a push from the gold stocks, the $TSX pushed above the previous highs of 14000! You can see in the following chart the lifting has been shared across most sectors with a noticeable pause on the financials and industrials... Read More
The Canadian Technician February 13, 2014 at 07:19 AM
Just looking at the market action into the close, one thing jumped out across the charts. Lots of indexes or reference charts were stuck at round number resistance today. What I mean is near price levels ending in zero zero. '00'. Here is the $TSX... Read More
The Canadian Technician February 10, 2014 at 04:14 AM
Gold has been so fickle. Some weeks Silver confirms, some weeks the miners confirm, some weeks the $USD confirms. Today Gold , Silver and the Miners are all at interesting points on their charts. Here is what I see: Look on the Bullish Percent Index... Read More
The Canadian Technician February 04, 2014 at 12:05 PM
This will be an extremely long blog. I have broken it out into five sections: 1) Three year charts of the commodities in the CRB Index. 2) The Currencies of the Commodity countries. 3) the stock exchanges for the commodity countries... Read More
The Canadian Technician February 04, 2014 at 08:48 AM
Every now and then a stock comes along that just drives you crazy. Cenovus has to be one of those story stocks. Given the keys to the oil empire in the split from Encana, Cenovus looked promising from every aspect... Read More
