The Canadian Technician July 28, 2019 at 11:15 PM
It was another up week for the indexes, especially the S&P 500 and the Nasdaq 100. $SPX was up 49 points, or 1.65%, while $NDX stormed higher on the back of Alphabet's earnings and their massive $25 billion buyback, surging 2.32%(!!!). Those are big numbers... Read More
The Canadian Technician July 22, 2019 at 02:01 AM
The market has been soaring ever since the December lows. Following a brief pullback in May, the markets have roared to all-time highs. One of the principles of technical analysis is support/resistance... Read More
The Canadian Technician July 14, 2019 at 06:27 PM
In an up-sloping week, the one-way trade continues. More groups continued to improve and momentum continued to move higher. Of the weaker industries, the majority still have improving momentum. However, the good news was not global. Markets around the world dropped this week... Read More
The Canadian Technician July 08, 2019 at 03:57 PM
The Canadian market has not been able to break to the upside, instead continuing to test the 16500-16600 level. Although Gold stocks recently went on a run, financials have been held back... Read More
The Canadian Technician July 07, 2019 at 05:54 PM
The US market squeaked out higher highs on the back of the G20 meeting this week, while also absorbing the big jobs number that made the expected Fed interest rate move more uncertain... Read More
The Canadian Technician July 06, 2019 at 01:13 AM
The financial sector charts are setting up for a big move. We are at the big inflection point, so the time to start watching these stocks for a breakout is now. The first stock in question is Citigroup (C), which looks really nice here... Read More
The Canadian Technician July 04, 2019 at 08:10 PM
Much is made of airline on-time departure. This article from the Huffington Post revealed that Air Canada had twice the percentage of late departures as Russia's Aeroflot. Air Canada also dramatically underperforms many other competitors, including Alaska Airlines and Westjet... Read More
