The Canadian Technician

Autos Start To Roll

 | 

This is just to highlight that my content volume will drop over the next two weeks as I will be on vacation.

The market is broadly moving higher, which is bullish! What is not moving higher is the REITs and Utility industry groups. The Mortgage REITs are okay, but most others are feeling some pressure.

Two big-name auto stocks had a big week, while some of the others are firming up. It is so odd, as Ford had another debt downgrade recently. We can all see the industry challenges, but there are still some names breaking out!

Here is a link to this weeks video, Autos Start To Roll.


With the market working higher, price action is very bullish.


Have a good couple of weeks!

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


Want to stay on top of the market's latest intermarket signals?

– Follow @SchnellInvestor on Twitter
– Connect with Greg on LinkedIn
– Subscribe to The Canadian Technician
– Email at info@gregschnell.com

Announcement from the Author

{{ announcement.content }}

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
Subscribe to The Canadian Technician to be notified whenever a new post is added to this blog!
comments powered by Disqus