The Canadian Technician

15 Charts For All Investors Creating Serious Tension For August

by Greg Schnell

Today I want to zoom into the currency wars. The equities seem to be the foot soldiers for currency wars. If central bank action/ fiscal policy can get the currency low enough, you can stimulate economic activity. I'll start the explanation between Canada and the US to make the concept clear and then broaden it out globally. Last week we hit 11 year lows on the Canadian currency. Yes, lows from long before the financial crisis. Think about the seriousness of the Financial crisis and now currencies are taking out the 2009 lows. Something big is going on. The Read More 

The Canadian Technician

Today's Webinar Has A Big Message - Don't Miss It

by Greg Schnell

In my review of the charts today, there are some critical messages showing up. I plan to review these on today's webinar and post the charts on the Market Roundup Blog.  This chart is a start of the message.  You can register by following this link. Market Roundup Live. We kick off the action at 4:30 EDT. If you don't get the chance to watch it live, the link for the recording will be on the StockCharts.com home page under the What's New Section. Good trading, Greg Schnell, CMT Read More 

The Canadian Technician

The $TSX Tries To Find Support

by Greg Schnell

The Toronto Stock Exchange ($TSX) is struggling to hold above the long term trend lines. The chart below shows the last 19 years on the $TSX. After major uptrends, the market broke through the 3 blue lines and rolled over. In 2008 it went on an energy resurgence and popped to new highs before making a final turn down. In the current market, we can see that the blue trend line is well represented with lots of touches over the past 4 years. There is also a red trend line that shows the extreme market lows and investors may wish to wait for the breakdown on this line. That line is under Read More 

The Canadian Technician

If Gamblers Stop Playing The Shanghai Market, Are They Headed Back To Macau?

by Greg Schnell

One of the reasons that the gambling in Macau slowed down was the entire gambling crowd had become traders and they were participating in the euphoria of the stock market. Retail accounts for trading were opening at an astronomical rate like a million/ week or something in that stratosphere. Macau was also going quiet as the Chinese government frowned on the gambling industry.  So the question is whether or not the gamblers return to Macau. I have a few charts related to the gambling industry and I have assembled them in a chartlist called Gambling. These industry Read More