The Canadian Technician

December 2014

The Canadian Technician

The Year Of The Long Bond

by Greg Schnell

It was exactly a year ago on December 31, 2013 that the long bond bottomed. It continues to make higher highs and higher lows. Even the MACD shows no divergence yet. It was an interesting year. Who would have thought the 2 biggest leaders in the bond world would be leaving PIMCO? This chart surprised a lot of people every month. Wishing you a happy and healthy, prosperous 2015, Greg Schnell, CMT Read More 

The Canadian Technician

Catamaran (CCT.TO) (CTRX) Tests All Time Highs

by Greg Schnell

Catamaran Corporation (CCT.TO) or CTRX is testing the all time highs. After spending almost three years working sideways, Catamaran (CCT.TO) appears to be breaking out. Here is the zoomed in view. This is a beautiful consolidation pattern. The highest weekly close was $60.51 in 2013. With the SCTR moving above 75 in October for the first time in over a year, the landscape appears to be changing and this looks set to run. After this tremendous 7 year run into 2012, this 3 year consolidation is welcomed. Watching the stock come out the top Read More 

The Canadian Technician

Solar Scanning Part 9 - The Final Chapter

by Greg Schnell

In the last article (I would encourage you to read 1-8 so this article makes sense) we started to run scans. In this article, we want to set specific tracking alerts by email and text. We also want to get some quick ways to follow solar through the day for people who can't follow the markets full time. First, let's learn how to set alerts. Using the same view as we looked at in last week's solar article, you can see the two red arrows on the left pointing to the 'Technical Alerts Workbench' on the Members tab. We are going to go in and set a Read More 

The Canadian Technician

Solar Scanning Basics Part 8

by Greg Schnell

There are 7 previous articles in the Solar series. Search through the December 2014 Canadian Technician site using the word Solar in the search box or visually scan the titles. Today, we want to implement some basic scanning techniques. These are very, very easy. You can use them for whatever you want so feel free to save them in your own scans. Let's start with a simple scan. A Positive MACD Crossover. Start on the Members tab. That brings you to the powerful page of StockCharts. Your private working area. On this page are all your scans Read More 

The Canadian Technician

Solar Scanning using RRG Part 7

by Greg Schnell

This will make sense to everyone who has read through and built a ChartList from Parts 1 to 6. If you have not, you can go to the Canadian Technician blog and scan through the December 2014 articles. They all have solar in the title. So everyone should have a ChartList of the solar stocks above $5. I have titled my ChartList Solar Scanning List 2015. We have multiple ways to scan, but first we will start with the RRG view. This is new this year to StockCharts so I will work through it in major detail to make sure everyone understands. We will be using the Solar Scanning List 2015 Read More 

The Canadian Technician

$TSX Has A Huge Day

by Greg Schnell

After relentless selling, the oil market finally bounced. There was a little support on Monday with Repsol's acquisition of the plummeting Talisman (TLM). With crude up $1 at the close, and the bouyancy provided by the Fed meeting, anyone short the market today stared at a tough reversal on their position. Here is the Toronto Composite ( $TSX). While the $TSX has under performed the $S&P 500 ($SPX) since August, this downtrend was significant in magnitude. We can see the $TSX made a nice double bottom at 13635 so it was a good place to look for a bounce. The real question will be Read More 

The Canadian Technician

Solar Stock Review Part 6

by Greg Schnell

This is the final chapter in the solar ChartList setup. After than we'll continue with scans/alerts to help us. We have two stocks left to cover off. Trina Solar and Vivint. Here is Trina Solar (TSL). This stock has a long-term history of being a roller coaster in my view. It has had huge swings either way.  As an example it dropped 12.85% this week and that does not look abnormal on the chart. 1) The SPURS continue to drift down. The stock is underperforming the $SPX. No trend line break there. 2) There is no SCTR for this stock. 3) The price action is Read More 

The Canadian Technician

Solar Series Part 5

by Greg Schnell

Let's continue on with the solar story. If you have not read the articles 1-4 published the week of December 8th-11th, I would recommend you do that. This will be continuing the story. Jinkosolar Holdings (JKS) is next. 1) SPURS is declining. The node sticking out in September is quite different than the dotted line trend for the last three months. I would be happy to work with this stock if it breaks above the dotted line, especially if the rest of the industry group breaks out.  2) There is no SCTR for this stock. These rankings were derived mostly from S&P rankings of US Read More 

The Canadian Technician

Solar Stock Review Part 4

by Greg Schnell

Now that we have a weekly and daily template set up, I'll just roll through a few more solar stocks today. If this is the first article on solar stocks that you are reading, you may wish to go read Part 1, Part 2 and Part 3 from earlier this week. Next on the list is TAN, a solar stock ETF. This ETF is specific to solar where the other ETF (KWT) was for renewables in general. 1) The SPURS are declining so that is not good. Notice the nice uptrend in 2013. 2) The SCTR is one of the worst ETF's for performance currently. We could set an alert for the 30 level as an example just to Read More 

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Becoming Enlightened On Solar Stocks Part 3

by Greg Schnell

Today, I want to cover the individual charts on Solar. Day one I introduced my renewable energy chartlist. Day two we created a smaller working list. I embedded some videos from an article in Green Energy Futures that lays out the case for solar in general. The second video lays out how innovative periods have worked in the past and why solar might be nearing that sweet spot now. Now we need to roll through the individual charts and I think you'll find it a pretty interesting exercise. This is a macro timing picture, not a today or tomorrow or next week timing picture. This Read More 

The Canadian Technician

Is The Sun About To Rise On Solar Stocks Part 2

by Greg Schnell

My solar stock ChartList (think renewable energy) has almost every stock below the 200 DMA's. Solar 3D (SLTD) is a penny stock and is above its 200 DMA, but other than that, my ChartList shows everyone below the 200 DMA. So we'll start by cleaning up the list. Hopefully you started your own Solar ChartList. Feel free to copy the names of the stocks into one. Today, I am going to show you how I manage from a long list and narrow things down in the hopes that you'll do the same in your own ChartLists.  I don't think these stocks are going to pop today, but it's timely to Read More 

The Canadian Technician

Shining The Light On Solar Stocks - A Multi Article Review

by Greg Schnell

This will be a series of articles. We have lots to cover off. Solar is part of the energy sector. I think the time is right to give it a little illumination. When the XLE sold off, solar was hit as well. Why? When investors sell the XLE, the ETF sells off various underlying positions which are producers, oilfield service and energy utilities. Solar is not a component of the XLE. The more selling that takes place, the harder all the components of the ETF are sold off. However, other correlations are in play and other energy industry stocks are also sold. When Read More 

The Canadian Technician

Sentiment Analysis - Two More Extremes This Week

by Greg Schnell

There is some Sentiment data that came in this week that reached new bullishness since 2000. The Rydex Data and Investors Intelligence Data is available in the free charts on Stockcharts.com. Free users will not be able to expand the chart out in time so I have attached those below. On the 'Free Charts’ Tab, Look on the far right hand side under ‘Additional Reports'. Click on 'DecisionPoint Chart Gallery’. Here is the hyperlink: DecisionPoint Chart Gallery. There is a drop down box so you can see the data for different indexes. We are going to stay with the $SPX Read More