The Canadian Technician May 26, 2019 at 04:26 PM
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 May 22, 2019 at 01:00 PM
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 May 19, 2019 at 05:11 PM
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 May 13, 2019 at 12:38 PM
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 May 06, 2019 at 08:00 AM
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 May 03, 2019 at 01:21 PM
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
