The Canadian Technician

The Canadian Dollar Finds The Drain, Like So Many Before

by Greg Schnell

The Canadian Dollar ($CADUSD) continued its slide today. However, this may have broader implications for commodities as well... Read More 

The Canadian Technician

Oil Bubbles Above $52 - Webinar Skim 2016-10-18

by Greg Schnell

Crude Oil continues to drift higher. The Texas Tea bubbled over $52 this morning on the December contract as the front month expires tomorrow. I have shown the breakout on this Crude tracking ETF (USO) chart... Read More 

The Canadian Technician

$TSX Struggles At Long Term Resistance

by Greg Schnell

The $TSX has struggled to break through 15000. I have drawn a line at the recent high of 14850. The 20 WMA does a pretty good job of supporting the $TSX. In the zoom box, we can see the last two weeks have been supported by the 20 WMA in blue... Read More 

The Canadian Technician

Moving Averages and Trend Lines Suggest ... Webinar Skim 2016-10-04

by Greg Schnell

One thing we continue to use technical analysis for is the balance between emotion and the market. When the market is roaring, we need to be a part of it. We also need to be aware of when the market is in an exaggerated state... Read More 

The Canadian Technician

Gold's Boat Doesn't Float (GLD)

by Greg Schnell

Gold (GLD) was down hard today. This move was particularly important as GLD broke through support. Through the last eight months, GLD did not outperform the $SPX. The big push to new three-month lows does not suggest any strength showing up yet... Read More