The Canadian Technician

The Canadian Technician Video Recording For 2017-06-27

by Greg Schnell

The Canadian Technician video recording discusses why there are reasons to expect a positive outcome for the Canadian market but there is a substantial risk for a significant fall from these levels.  Canadian Technician Video Recording With Greg Schnell 2017-06-27 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.   Read More 

The Canadian Technician

Canadian Market In Correction

by Greg Schnell

After months of watching the oil stocks underperform crude, the broader Canadian $TSX was able to withstand some of the selling. Now the breadth of the market has shrunk considerably. All market breadth measures are weak. The chart below shows the Bullish Percent Index ($BPTSE). This measures the number of stocks on a buy signal. The blue vertical lines on the chart show when the $BPTSE breaks below the 40 Week Moving Average shown in green from a really high level. The correction is usually considerable. This correction has just started. Looking at Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-06-13

by Greg Schnell

Here is the link to The Canadian Techncian Video Recording for 2017-06-13. The Canadian Technician Video Recording With Greg Schnell 2017-06-13 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.     Read More 

The Canadian Technician

Mid Year Update On Canadian Banks

by Greg Schnell

The Canadian banks have underperformed the $SPX so far this year. They have drifted lower since March but they have some interesting traits on the indicators pointing to an interesting time now. Two have yields of 3.65%, two have 3.83% and CIBC has 4.65%. First of all, BMO. The yield is 3.8% which is very big. I'll come back to the SCTR but the downslope in relative trend was broken this week. While that is hardly a starting point, it coincides with the price breaking back above the 200 DMA. The Friday volume was great and the MACD crossed above the signal line. Looking at the SCTR, I do Read More