The Canadian Technician

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Stuck in the Canal

by Greg Schnell

This week saw a 400-meter ship stopped by 5 meters of soil. A bunch of ships are now backlogged. 12% of the world freight goes through the canal. It is the location of that ship and the soil that makes the situation so important... Read More 

The Canadian Technician

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Real Set Ups in Real Estate

by Greg Schnell

Why so many real estate set ups are occurring right now is hard to know, but the setups are nice. All these stocks were in strong uptrends before COVID hit. Can they resume the big picture? The first one is Crown Castle (CCI). Crown's yield is only 2... Read More 

The Canadian Technician

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5G is The Meme

by Greg Schnell

I can't tell you how excited I am to get 5G. I am not sure why I am excited, but we are supposed to be. Rarely a tech segment goes by on the financial news shows where they are not discussing 5G... Read More 

The Canadian Technician

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What Happened To Retail?

by Greg Schnell

There have been many odd twists in the market lately, but this is the oddest one - I can't figure it out. If we are about to add $1.9 T in support, why are many of the retail names so weak? Let's walk through a few "stores." LULU appears to be so last year... Read More 

The Canadian Technician

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I'm Watching For a Low Now

by Greg Schnell

The Nasdaq is already down 12% and is testing the September highs. Nothing goes straight down. This is a support/resistance area that is currently being tested. Watch for the right price action on the stocks you like. Some of the big movers have corrected 50%... Read More 

The Canadian Technician

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More Chilling

by Greg Schnell

Last week's battering of the high-flying club was a little painful. After a bounce yesterday, the buyers missed most of the work on Tuesday, giving back more than 1/2 of Monday's thrust. While the Dow is only down slightly on Tuesday, the Nasdaq is unwinding at 1.64%... Read More