The Canadian Technician

Canada Makes A New High 2018-07-17 Video

by Greg Schnell

The Canadian stock market continues to inch its way to new highs. Amazingly, the oil stocks are holding up while oil falls. The Natural Gas stocks are holding up while Natural Gas falls. The gold stocks are holding up while Gold falls. The miners are holding up while industrial metals fall. So there is a lot of optimism trying to hold the stocks up, while waiting for the commodities to rally. Banks have ticked modestly higher. Defensive sectors have definitely caught a bid. In the very bullish list is the Canadian Technology sector. There are some great looking charts in there. Read More 

The Canadian Technician

Can The $TSX Kick It Up Rodeo Style? 2018-07-03 Video

by Greg Schnell

The first half of the year, saw the $TSX do nothing. After 120 trading days, we ended up 0.3% above the year-end level. The $SPX wasn't much better but it quadrupled the $TSX with a 1.3% gain. That sounds like a lot of trading days to end up within a day of being flat. So with that as a backdrop, we need a little rodeo style to kick this market higher. Unfortunately, the current level of momentum is rolling over after being below zero. One of the key traits I have noticed in indexes is that a large percentage of the time when an index dips into negative territory Read More