Looking at the Largest Percent gainers on the $TSX box on the home page, we see the lumber related stocks start to move constructively today on the housing starts report for July. 5 of the top 10 are lumber related.
4 of the 5 have moved up 10% or more in three days! Is this where we yell All A-Board?
Good trading,
Greg Schnell, CMT
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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