The Canadian Technician

February 2014

The Canadian Technician

Does WhatsApp and Tesla Remind Anyone Else of Ballard Power?

by Greg Schnell

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

$TSX Continues Its Run and $GOLD Bulls Get Poked

by Greg Schnell

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

Teck Resources Needs Some Buyers Resources

by Greg Schnell

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

$NATGAS Looks To Test $6 Today

by Greg Schnell

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

$TSX Jumps Above 14000!

by Greg Schnell

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

Round Number Resistance Everywhere - Should You Care?

by Greg Schnell

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

Bullish Percents Hold Interesting Clues In Gold This Week

by Greg Schnell

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

The Commodity Based Economy - A Book On Where We Are

by Greg Schnell

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

Cenovus Crushes The Fundamental Approach To Valuation

by Greg Schnell

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