The Canadian Technician

The Bulls Leave The Ranch - US Market Review

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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. The new video is loaded with global macro coverage of the issues.

Here is the summary of the US markets:

I continue to emphasize that the bigger issues are global.

The video is so important to watch this week. Over an aggressive, fast-paced hour, I present complete coverage of the damage, and it is where that damage is that makes the problem bigger. Here is the link: Bulls Leave The Ranch.


Good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst, StockCharts.com
Author, Stock Charts For Dummies


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Announcement from the Author

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).

Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018). Greg joined StockCharts.com in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don't Ignore This Chart blogs. Learn More
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