The Canadian Technician

Is The $USD Stalling?

by Greg Schnell

The Barrier at 100 for the $USD index Gold Rallies on the Stalling Dollar The oil low last week has held for one full week! Defensive posture is entrenched Bank weakness wakes up Wall Street The Canadian Technician Webinar on Tuesday focused on Gold stocks and Oil stocks. This particular week has a very informative piece on how the SCTR can help find strong stocks within a strong industry group. We were able to compare the gold stocks and oil stocks to each other and demonstrate the differences in market bottom behaviour. Read More 

The Canadian Technician

When The Price Of Oil Controls The Stock Market

by Greg Schnell

If you were wondering: When will it end?  Here is a chart of the USO oil tracking ETF and the $SPX with 30-minute bars for the last 4 weeks. Oil in red high-low-close bars and the $SPX in green. Until this resolves itself, it could continue this vicious move. Good trading, Greg Schnell, CMT   Read More 

The Canadian Technician

Finding Rising Stocks In Canada's Bear Trend

by Greg Schnell

Here are the charts I think are the most important from the Canadian Technician Webinar! Well, wouldn't it be very Canadian to start the first webinar with a chart of Crude. Let's do that. The Toronto Stock Exchange has clearly broken the support on the monthly charts. The RSI is reaching 30 on a monthly chart! That's a crazy level of oversold. I do expect some bounce through earnings. The Canadian dollar dipped into the 69 level for the first time since 2003. The blue vertical lines show major directional changes on the Canadian Dollar Read More 

The Canadian Technician

Canada's Stock Market Officially Entered Bear Market Territory

by Greg Schnell

If you've owned Canadian stocks and have been invested in the $TSX 60, you probably have already noticed the change in portfolio value. I think the real problem in waiting this long to tell long-term investors that we are in a bear market, is the amount of portfolio damage that has been done. Hopefully, some of the information on my blogs and webinars helped you to be aware of the major trend changes and allowed you to get out early. So while it may be a mute point, The $TSX last touch of the 200 DMA was back in June. Let's look at the signs on the chart. Read More 

The Canadian Technician

Reviewing The Year 2015 On The Canadian Stock Market

by Greg Schnell

$TSX closes down 11% on the year The Loonie plunges under water The Canadian Banks hold near the highs The Canadian economy continues to slow according to the transports Consumer discretionary left Santa at the North Pole Energy Exploration Companies  are try to survive with everything they do losing more money than what they invested $NATGAS may have put in a tradable low Mines and Minerals fail to rally The Toronto Stock Exchange continued to get beaten up and closed down 11% on the year, near the weakest level of down 13%.  Read More