The Canadian Technician

December 2015

The Canadian Technician

Natural Gas Flares Through The Lows $NATGAS - Broader Implications Abound

by Greg Schnell

Natural Gas plummeted off the bottom of the charts today. We fell below the lowest prices seen this century. Albeit only 15 years of work, we fell through the bottom. While the world seems to be awash in energy, investors seem to think this is no big deal. I want to show a closeup of some price movement for the broader indexes. Here is the $SPX currently with the Average True Range Indicator on top. Recently we have had some wide swinging days. One of the important things to note is that as volatility (ATR) perks up usually you are in a downtrend. I think three things are Read More 

The Canadian Technician

Canada Breaks Below The Long Term Trend Line ($TSX)

by Greg Schnell

Canada broke to two-year lows this week and now the long term trend line has been broken. From a technical perspective, this is a very important signal. Previous weekly pushes down did not close the week below the trend line. This week this is in jeopardy at the time of writing. Canadian investors should also note that this will be the lowest close in two years. The chart in the bottom shows the Canadian market underperforming the US market as well. Good trading, Greg Schnell, CMT Read More 

The Canadian Technician

Well Timed Charts From Tuesday's Webinar 20151208

by Greg Schnell

Thanks for all who listened in on Tuesday's webinar. I have had requests coming in this morning for the charts, so I thought I should post them quickly. Bear signal continues on the $BPTSE. Two-year lows in Canada today. World's best demographic market, India, breaks a 12-year trend line. MACD rolled over at zero on a weekly chart. $LUMBER breaks out now that the lumber treaty with Canada ends. This might not be bullish for Canadian Lumber stocks, but it should be for American lumber stocks. Read More