The Canadian Technician

September 2015

The Canadian Technician

Is The Auto Business Blowing Black Smoke Because Of Emissions? US & Canadian Edition

by Greg Schnell

I created an article over on Commodities Countdown blog (please connect if you are interested by subscribing at the bottom of any article as it does not currently appear on the blogs page) about the car business charts globally. Is The Auto Business Blowing Black Smoke Because Of The Emissions Crisis? I would encourage you to read that. However, I wanted to examine Magna, Martinrea and Linamar for Canadian investors. Also, I will be doing a commodities-focused webinar this afternoon where I will dip my toe in on this area of the market. (Commodities Countdown 20150924) Read More 

The Canadian Technician

Canadian Stock Market ($TSX) Webinar Highlights 20150915

by Greg Schnell

We fired through a lot of charts on Tuesday. Here are some of the webinar highlights. The Canadian Stock Market ($TSX) continues its bear market trend. You can use this link to get to the webinar. The Canadian Technician 20150915 The Canadian Dollar ($CDW) has some support near the current levels at 75 but way more support at 69 to 72.50.  Below is the monthly chart of the $TSX. It still continues to underperform the SPX as shown in purple. The full stochastic breaking below 80 is a very bearish signal on the monthly chart. The $TSX is currently more Read More 

The Canadian Technician

Crude Oil ($WTIC) Is Down 50% Year On Year, What Now?

by Greg Schnell

Wow, it has been a bit of a year for crude oil ($WTIC) . The break of support actually occurred in September 2014 and currently we are down 50%. In August we were down 60% from August 2014. Is going from 60% down to 50% down an improvement? We can see the huge volume piling into crude oil as it bounced out of the high $30 range. It looks dramatic. Could that be the final low? Let's look at a longer chart. The drop from crude's 2014 high to crude oil's 2015 low so far has been 65% and down 67% from the 2011 high. From the all time high back in 2008 we are down Read More 

The Canadian Technician

The Canadian Information Technology Sector Is Our Top Performing Sector

by Greg Schnell

The Canadian IT sector is currently our top performer. Using this Relative Strength chart, you can see that IT is outperforming every other sector. I have used the XIT.TO fund to compare the performance to other sectors. Chart 1 Descartes Systems (DSG.TO) has moved to the top of the Technology sector. The SCTR ranking is 97.4 which is very strong. New highs today! Chart 2 One of Canada's top IT stocks has been Constellation Software (CSU.TO). That is not new news. It continues to perform very well. Read More 

The Canadian Technician

Woot Woot! A Bi-Weekly Webinar Solely Focused On Canadian Stocks

by Greg Schnell

Just a heads up that we are changing some of the information communication channels here at StockCharts. One of the things that is showing up in our work is the Canadian audience would like more Canadian specific information from the Canadian Technician. To help focus our webinars on different types of markets and market analysis, I will be hosting a Canadian Technician webinar every second Tuesday starting at 5 PM EDT today. The opposite week will have Martin Pring doing his Market Roundup on Tuesdays at 5 PM. This will mean there is a new webinar series every Tuesday Read More