The Canadian Technician

Ready To Run? US Market Review

by Greg Schnell

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

Bullish Indicators Pop - US Market Review

by Greg Schnell

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

A Golden Rocket?

by Greg Schnell

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

The World Waits - US Market Review

by Greg Schnell

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

Commodity Stocks Try To Bounce - Canadian Market Review

by Greg Schnell

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

A Bullish Signal That Has Not Shown Up In A Year!

by Greg Schnell

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

Faang Goes Bang! $FB $AAPL $AMZN $NFLX $GOOGL

by Greg Schnell

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

May Month-End Trauma - Market Roundup

by Greg Schnell

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