The Canadian Technician

A Series On Market Manias Through The Charts From 2000 To 2015. Part 4 - 2011 Commodity Charts

by Greg Schnell

The individual commodities each took their turn on a launch pad at Cape Canaveral it seemed. The sequence of lift offs and tops was truly remarkable. However, most of them topped and did a major retracement just as quickly. That is usually how commodity tops work out... Read More 

The Canadian Technician

A Series On Market Manias Through The Charts From 2000 To 2015. Part 3 - 2011

by Greg Schnell

I could have written a specific article on the price of oil going ballistic in 2007 and 2008, but I will try to correlate that 'oil' story with the 2014 fall in oil. 2011 will be remembered as the commodity top and that is what we will cover in this article... Read More 

The Canadian Technician

A Series On Market Manias Through The Charts From 2000 To 2015. Part 2 - 2007

by Greg Schnell

This is the second article in a series of modern day Manias. Part 1 can be found here. The Year 2000. 2007 was a market top that will be remembered for a long time... Read More 

The Canadian Technician

A Series On Market Manias Through The Charts From 2000 To 2015. Part 1 - The Year 2000

by Greg Schnell

I want to review some of the major market peaks and what made them roll over. Part of the analysis is the way the rollover happens. It is a changing of mood and of circumstance that eventually affects a wider audience. So let's go to the charts and explain the 2000 top... Read More 

The Canadian Technician

What Effect Does A Drop In Oil Have? A Ripple, A Wave Or A Tsunami?

by Greg Schnell

Today I'll be doing a webinar at 4:30 EST on the effect of oil's drop. If you live in an oil producing region, you'll have some ideas, but these charts will bring it home. If you aren't living in an energy hub, this could be a huge perspective change for you... Read More 

The Canadian Technician

Are There Any Clues To A Top In The Sector Rotation Cycle?

by Greg Schnell

I want to start the article to reset our boundaries, our framing, our paradigm on the markets. When we see the S & P 500 ($SPX) make higher highs we continue to assume everything is just fine. But underneath is a massive sector rotation that used to be very complex... Read More 

The Canadian Technician

Gold Finally Moves Above The Trend Line

by Greg Schnell

The Gold Tracking ETF (GLD) finally broke above a downtrend line today. On Chart 1 we can see it broke above the 6 month downtrend line. However, it is still trying to break above the red trend line which would mark a breakout above a basing area for GLD... Read More 

The Canadian Technician

Canada's Big Three Oil Companies Look To Find Support

by Greg Schnell

The oils are being bought today even as Western Canada Select Crude price falls. Both Suncor and Cenovus had spinning top days. (Spinning top =opened, traded higher and lower and closed in the middle near the open). CNQ was weaker and looked to close near the lows... Read More 

The Canadian Technician

$TSX Continues To Stall Under The 200 DMA - A Volume Analysis

by Greg Schnell

The $TSX is at a very pivotal point on the chart. Why is this so pivotal? I laid out a scenario in the December 17th article, The $TSX Has A Huge Day. We have spent a few holiday weeks trying to change the view. Here is why this is so important. ... Read More