The Canadian Technician

Check out the RRG charts for the Canadian Sectors

by Greg Schnell

The RRG Charts are going to be part of Thursday's webinar. The value of these charts is unbelievable. Here is a sample of the Canadian Sectors RRG Chart. The $TSX is the benchmark in the box above the green area of the chart. So it is the average... Read More 

The Canadian Technician

$NATGAS Fails To Stay Above Support

by Greg Schnell

It seems Natural Gas ($NATGAS) is failing. It really needed to hold $3.72. I spoke about it in the webinar but it continues to break down. Investors in the Natural Gas stocks that were looking for a bounce like I was have been disappointed... Read More 

The Canadian Technician

Oil Stocks Bounce..But Wait..There's One More Thing..

by Greg Schnell

The Canadian oil stocks have been traumatized by the recent plunge in crude. If you like to take advantage of deep pullbacks in price, these charts have been severely hit. This was just a screen shot of the most actives from the home page $TSX hot box... Read More 

The Canadian Technician

Is IBM A Big Blue Bubble Or Is Tech In Techno Trouble

by Greg Schnell

Listening to the news is always a bad way to decide what is really going on. However, today offered more. IBM announced earnings that were considered lacklustre... Read More 

The Canadian Technician

Energy Stocks Shoot Up Like Oil From A New Well

by Greg Schnell

The energy stocks have been deeply oversold. I have mentioned them in the webinars and then spoke specifically about Cenovus (CVE.TO) coming down to support. Well, the broader energy sector is also rebounding looking at the Canadian Energy Sector ( $SPTEN) chart... Read More 

The Canadian Technician

The Canadian Dollar Sets Sail For Lower Levels $CDW

by Greg Schnell

The Canadian Dollar ($CDW) is considered a commodity currency. We all know that. Here is a current chart over a 15 year period. It would also indicate that the price of the Canadian currency leads/tracks/follows crude oil... Read More 

The Canadian Technician

Cenovus Returns To The Bottom Of The Reservoir - Webinar Information for 20141009

by Greg Schnell

Cenovus (CVE.TO) has been a hard stock for shareholders. The company continues to show so much promise, but the price just keeps getting pushed back down. Everything on this chart says down. The horizontal support line says interesting... Read More 

The Canadian Technician

StockCharts.com Adds A Wide Complement Of Major Currency Pairs

by Greg Schnell

In July, one of the biggest currency moves started and dominated inter-market relationships. When the $USD broke out, a lot of major changes happened in the market. As an example, all of the commodities have been crushed and have broken through major long term trend lines... Read More 

The Canadian Technician

$NIKK Tries To Hold Breakout - Replay Link for Thursday's Webinar

by Greg Schnell

I have been very interested to watch the Japanese Equity Market ($NIKK) to see if it can hold the breakout from the 25 year trend line. First of all, here is a long chart. Why does this matter? When a long trend line breaks it is usually very important... Read More