The Canadian Technician

Bear Flag On Canadian Financials

by Greg Schnell

This week, the Canadian market internals are messy at best. We have so many things that are sliding so we should be leading off with the banks. They set the Canadian tempo currently. The bear flag on the Canadian banks suggests more moves to the downside. The Tech stocks north and south of the border are struggling. Canada's tech sector has rolled over as well. Here is the Healthcare chart with a big influence from medical marijuana. Parabolic surges don't end well. This chart looks in jeopardy. The $TSX looks firmly broken. This Read More 

The Canadian Technician

When Everything Aligns Technically - Huge Potential

by Greg Schnell

With Gold rising last week, there appears to be a renewed interest in the precious metals theme. Canada is home to lots of precious metals resource companies so its timely to review the setup for $Gold. Intermarket analysis is the examination of different parts of the asset markets to see if there is confirmation in a  trade. There are four asset classes used in Technical Analysis. Equities, Commodities, Currencies and Bonds. Typically a rising US Dollar is correlated with falling commodities, but even that confirmation is not always true. Using a variety of Read More 

The Canadian Technician

Canadian Technology Rocks 2018-03-13 Video

by Greg Schnell

The last two weeks has seen a huge surge in the Canadian Technology sector. These stocks have ripped to the upside. Here is a list of the technology stocks in order of SCTR strength. The Industrials are still doing well. One concern is the break in PPO momentum. At this point it is wait and see. The charts that seems to be lining up for some drama is Gold and the Gold miners. The Full Stochastics is starting to bounce off the 20 level. Price continues to hold at support here. The nice part about considering a position in gold miners here is Read More