The Canadian Technician

From The 3-Month To The 30-Year! Yikes! - Market Roundup

by Greg Schnell

Across my macro bundle of charts, which includes equities, commodities, bonds and currencies, many, many charts are trying to hold trend lines. I recently tweeted on Twitter that I currently have 40 or 50 charts that are positioned for a major breakdown... Read More 

The Canadian Technician

Canada Pauses, Energy Drops - Market Review

by Greg Schnell

Following its high on April 23 (just a few days after Options Expiration), the Canadian market endured a failed breakout. A month later, the market is still below the breakout level... Read More 

The Canadian Technician

Lower Highs, Lower Lows

by Greg Schnell

After opening with a sharply down Monday, the market spent the rest of last week trying to make up lost ground. On Friday, the morning started off weak, rallied through the morning and then fell, finishing near the day's lows into the close... Read More 

The Canadian Technician

Trade Talks Wear On The Market - Market Roundup

by Greg Schnell

After a rough week of market action, hiding was difficult as the trade brush painted everything with the same colour - red. Every sector was in trouble, but the growth sectors were the weakest... Read More 

The Canadian Technician

Working Through Prior Highs

by Greg Schnell

After the Fed meeting last two weeks, the market pulled back on Thursday with a big rally on Friday, which, despite having significantly less volume, managed to close above the September high. One of the concerns as we test a prior high is breadth... Read More 

The Canadian Technician

The Canadian Market Breakout Fails

by Greg Schnell

Ouch! The Canadian market failed to hold the highs, as $TSX rolled over and dipped back below the breakout level of 16500. While the market has moved higher and higher, there have been fewer and fewer individual stocks making new highs... Read More