The Canadian TechnicianJune 02, 2023 at 01:36 PM
Lately, investor interest has seemed to be restricted to semiconductors and software. This week, it appears to be widening out into new areas for a move higher...Read More
The Canadian TechnicianMay 26, 2023 at 01:14 PM
When rocket green flares fly across the space, it is so hard to chase in terms of risk management. Friday's example of Marvell (MRVL) moving 40% in a week after Nvidia (NVDA) lit the fuse one day earlier is amazing to watch. Friday saw the Nasdaq 100 soar by more than 2%...Read More
The Canadian TechnicianMay 19, 2023 at 12:46 PM
With seconds to go in the seventh period of the hockey game last night, a goal was finally scored in the Carolina Hurricanes vs. Florida Panthers. It was a long game, a tiring game and only the first game of this playoff series...Read More
The Canadian TechnicianMay 12, 2023 at 01:27 PM
Whenever we get media images marking an extreme in sentiment, it's best to be ready for the exits. Oil after the Russia/Ukraine war was an example. Remember when SPAC's were a big thing? This image below was from March 02, 2021...Read More
The Canadian TechnicianMay 05, 2023 at 09:42 AM
Have you ever stood at the edge of the Grand Canyon and wondered about all the history of each cave or ridge? What about the multiple valleys that ultimately drain to the Colorado River? It is a daunting site to behold, but, as the winds blow past you and the hawks soar overhead,...Read More
The Canadian TechnicianApril 21, 2023 at 01:17 PM
One of the areas of the market that continues to struggle is oil. OPEC recently pushed the price of WTI crude above a prior high, but that has not held. I got an interesting email this morning from an oil and gas friend asking why his stock has dropped 20% recently...Read More
The Canadian TechnicianApril 14, 2023 at 05:03 PM
Another week where the indexes moved sideways and we are where we started the month on the $NDX. I am not excited that we keep having low volume days...Read More
The Canadian TechnicianMarch 31, 2023 at 01:59 PM
The StockCharts Technical Ranking (SCTR) system is a way of finding stocks that are outperforming their peers. This week, I noticed that most of the big names have their SCTR surging into the top quadrant...Read More
The Canadian TechnicianMarch 24, 2023 at 02:57 PM
When I look across the European banking sector, the charts are disturbingly weak. After Jay Powell's presser, one of the things he mentioned was that they had six banks they were watching. He did not mention if they were US-based or international...Read More
The Canadian TechnicianMarch 17, 2023 at 01:43 PM
Is Gold the next great trade? We been drawn in before, but, today, gold is making a higher high as the banking dilemma unfolds. Gold has pulled back since the beginning of February and bottomed out last week...Read More
