The Canadian Technician

A Wobbly World - Market Review

by Greg Schnell

Another week, another lower close. With four weeks of lower closes, the trend continues to be down. While we have made higher lows the last two weeks, it now appears that the early August low will be tested... Read More 

The Canadian Technician

3 Clues From Afar

by Greg Schnell

With the plunge on Wednesday, the market hit a short-term sentiment low. As the Dow ($INDU) closed down 800 points, the mood of pessimism was ripe for a pause. In Shanghai, after the US close, the market gapped lower, making it appear like the plunge was going to continue... Read More 

The Canadian Technician

Bears Start Digging In

by Greg Schnell

When bears start browsing nearby, there are multiple reasons to be concerned. As I mentioned in my ChartWatchers article, 3 Serious Signals Should Send Shock Waves, there are a lot of charts pointing to caution... Read More 

The Canadian Technician

The Bulls Leave The Ranch - US Market Review

by Greg Schnell

Over the last few weeks, I have been seeing weakness wrapped up in a bull market. Well, that weakness transformed into selling. Commodities got shellacked. Semis got smoked, Financials fumbled and Industrials instigated another failed breakout... Read More