The Canadian Technician

Lumber Stocks Soar On Tariff Announcement

by Greg Schnell

WIth tariffs being applied today, I thought I would take a look at the forestry stocks. I think we'll all be surprised to see them soaring with $LUMBER limit down in the Futures market today. Note the $LUMBER price will be updated after the market close. This is yesterday's close for $LUMBER and real time for the stocks. Starting with the WOOD ETF, the chart is beautiful. In the zoombox we can see todays action. Interfor (IFP.TO) looks great. West Fraser (WFT.TO) has the top percentage move in the group today..Nice! Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-04-18

by Greg Schnell

Here is a link to this week's video recording.  The Canadian Technician Video Recording With Greg Schnell 2017-04-18 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA   Read More 

The Canadian Technician

Gold Stocks Surge! Want A List Of Strong Ones?

by Greg Schnell

Gold stocks bubbled Tuesday and there were some great trend lines broken. So let's work through a collection of the Gold stocks. Here is the XGD.TO Miners ETF in Canada. The SCTR is going ballastic and is still a little below my trigger line of 75. However, this is for the gold stocks average. On the price panel, the trend line finally broke Tuesday and the MACD is moving above zero. The Relative Strength in purple is still weak. We would like to see this move to three month highs. At this point it is just moving to one month highs. Patience should kick in here, but the Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-04-04

by Greg Schnell

Here is the video recording for the Canadian Market this week. I will be be doing a live webinar on Sunday April 9th with Tom Bowley. StockCharts Outlook 2017-04-09. Click here to register for that. The Canadian Technician Video Recording With Greg Schnell 2017-04-04 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.   Read More