The Canadian Technician

November 2018

The Canadian Technician

Commodities Rally With An Exception By Crude Related Products

by Greg Schnell

Commodities had a big rally on Wednesday, with the exception of crude oil, gasoline and heating oil. Once Jay Powell started talking and the US Dollar started dropping , most commodities roared... Read More 

The Canadian Technician

Crude Oil Loses Support 2018-11-24

by Greg Schnell

Crude oil dropped to close the week well below support Brexit deal signed with the UK & EU on the weekend US Dollar ended the week higher Gold - I'M PAYING ATTENTION - Important defining moment $SPX ends with a lower Friday close than the October low Crude oil plummeted on Friday... Read More 

The Canadian Technician

Metals And Miners Surge 2018-11-21 CT

by Greg Schnell

Canada has a 300 point rally! Canadian banks fall into negative gains on the year Gold stocks keep getting better Energy gets crushed In the last two weeks, the Canadian market has been oscillating with big daily swings. Wednesday marked the first 300 point rally in a long time... Read More 

The Canadian Technician

Are These Commodities Ready To Surge 2018-11-17 CC

by Greg Schnell

In what could be described as a calming week for commodities, oil finally stopped falling. Gold and Copper bounced a little, and some of the industrial metals are holding up. Lithium and the rare earth metals are trying to rally... Read More 

The Canadian Technician

Gold Finally Had A Day In The Sun $GDX $GLD

by Greg Schnell

Gold finally had a day in the sun. It feels almost remarkable. Much like when rainy days envelope a city for weeks, and then, the first day of sunshine feels so much better... Read More 

The Canadian Technician

Crude Oil Falls Into The $50's 2018-11-09

by Greg Schnell

In a positive week for the markets, the unease has not lifted in my mind. First of all, a little perspective on what was leading. On Friday, the sector performance was skewed to safety. The defensive sectors align on the right hand side of this performance chart... Read More 

The Canadian Technician

The $TSX Bounces Nicely, Now What? 2018-11-06 CT

by Greg Schnell

The $TSX has bounced six hundred points off of the lows. This week marks an important place on the charts. While we don't know the future, lots of previous examples suggest these current levels are zones of interest... Read More 

The Canadian Technician

Don't Miss This Trade Setup! 2018-11-03 CC

by Greg Schnell

In what was a recovery week for the stock market, there were a few interesting moves in the sectors that suggest one of the trades in Commodities that we have been waiting for might be setting up... Read More 

The Canadian Technician

Stocks Are Trying To Rally - Apple Earnings

by Greg Schnell

A significant bounce off the lows already has the indexes trying to repair some of the October damage. With a big up day on the NASDAQ, stocks are trying to rally. The $COMPQ was up 1.75% and the $RUT was up 2.2%! Apple gave us a great report after the close... Read More