The Canadian Technician

The Other Half Of The Full Monty On The Weeks Meltdown

by Greg Schnell

For those who missed it, there is a part one to this article covered in the article linked here. The Full Monty On The Weeks Meltdown. With the same chart style and the global review, I would like to continue to go around the globe and look at each chart on a monthly chart. Notice how important closes below the 20 month moving average (MMA) are, so I marked the low closes with arrows on the price chart. It is also very important when charts around the world break below this level as a group. RSI falling below 50 on monthly charts and staying below 60 is important as that Read More 

The Canadian Technician

The Full Monty On The Weeks Meltdown

by Greg Schnell

Global stocks were dropping on the back of some weak Chinese news is the way the media portrayed the event. Is that what really happened? Definitely not. The market internals have been getting weaker for months as the RSI shows on the Dow. Commodity demand has been dropping if not plummeting globally which I believe illustrates the lack of global economic growth. The US Dollar ($USD) has gone sideways after last year's acceleration from July 2014 to January 2015. But commodities have continued to fall, even though the $USD is a lot weaker than January. The July earnings Read More 

The Canadian Technician

What Are Canada's Top 5 Micro Stocks Right Now?

by Greg Schnell

I like to use the SCTR ranking to see our top performers, both big and small.  A quick view of the list makes for an interesting perspective. A lot of the top performing Canadian stocks are Micro Caps. While Micro Cap investing is risky and these are not being recommended here, the price action is compelling and the variety of stories interesting. Our top ranked stock is Theratechnologies from the Healthcare sector. It has traced a sideways move for a month but it has been an outstanding stock since March 1st when it first made the 52-week high list. Read More 

The Canadian Technician

Are North American Markets Ready To Turn Higher?

by Greg Schnell

Canadians have been looking in disarray at the comparison between the Canadian Stock Market and the US Stock Market. On the US side of the border, the market has been going continuously higher for a couple of years, but has now been consolidating. On the Canadian side, the market has wiped out bulls and bears. If a Canadian investor follows (rotates to) the strong areas of the market, the Canadian investor would be ok. However, many investors invest in what they know. Car Industry investors have invested in Magna, whereas Western Canadian investors have been trying to Read More