The Canadian Technician June 30, 2019 at 12:48 PM
The market seemed to absorb the Fed meeting and Options Expiration positively. Going into the week, the indicators I follow were improving. Although the $SPX and $NDX closed down slightly on the week, the Russell 2000 closed higher... Read More
The Canadian Technician June 23, 2019 at 01:17 PM
This week, the story is the confirmation of a breakdown in the US Dollar. While $USD hasn't been going anywhere fast, the attempts to get through the 97.5 level appear to be in the rearview mirror... Read More
The Canadian Technician June 20, 2019 at 12:43 AM
Gold stocks have been setting up over the last few weeks and the Gold Miners ETF (GDX) closed the day up after the June Fed meeting. While this push looks extended on a 60-minute chart, Gold Miners have been individually breaking out on a few stocks each day... Read More
The Canadian Technician June 16, 2019 at 04:42 PM
The market has been moving sideways all week. With Semiconductors rolling over this week and the energy complex failing to get a bid, it seemed the market was not ready to break higher... Read More
The Canadian Technician June 12, 2019 at 03:19 PM
After the Canadian market drifted lower through the month of May, the first few days of June have seen a bounce... Read More
The Canadian Technician June 09, 2019 at 07:30 PM
I have been very pessimistic of late, as the combination of declining breadth, a bond market firing off signals, and commodities plummeting all adds up to an ugly situation. At the end of May, a significant number of indices worldwide all closed below the 20-month moving average... Read More
The Canadian Technician June 03, 2019 at 10:32 PM
Big names fell big on Monday. In particular, the large tech names tumbled in unison on what proved to be a miserable day in the technology sector. Facebook got a face wash, finishing down 26% from the highs... Read More
The Canadian Technician June 02, 2019 at 11:18 AM
After April closed near the highs, May reversed a lot of good work on many exchanges around the world. I want to start with those that are bullish, as they really have me puzzled... Read More
