The Canadian Technician June 23, 2021 at 10:30 AM
The mega-cap stocks are poised to break out this week; Tuesday saw a few of them start the run. Apple (AAPL). Broke the downtrend. The PPO trend line is breaking as well. I like that confirmation. Here is AAPL weekly. It doesn't get any sweeter than this for a setup... Read More
The Canadian Technician June 17, 2021 at 11:14 PM
First it was the pandemic trade. Then it was the re-opening trade. On Thursday, after the Fed, it looked like a return to tech but not much else. Oil stocks were sold hard. Gold stocks were buried. Bank stocks got hit hard. Lumber got cut... Read More
The Canadian Technician June 10, 2021 at 09:47 AM
The banks have been rallying since August. Who expected the banks to make this massive run? Well, a horde of technicians saw the breakout last fall, and it has been a smooth, sustained rally... Read More
The Canadian Technician June 03, 2021 at 10:04 AM
While the commodity trades have been working, it seems that the broader indexes just can't get running higher. The Nasdaq has done nothing for 7 days. The relative strength in the purple shading shows the weakness compared to the $SPX. But now we have come to a crossroads... Read More
