The Canadian TechnicianOctober 17, 2022 at 04:36 PM
After a volatile Thursday and Friday, Monday continued, but, like Thursday, it was again to the upside. As we try to hammer in a bottom here, a few charts stand out. First of all, the banks are starting to behave bullishly...Read More
The Canadian TechnicianOctober 13, 2022 at 07:04 PM
The market pushed down to new lows on Thursday, making a new market low for 2022. Frankly I though the previous lows were low enough, but hey, somebody wanted to buy at lower prices. After my article last week, the market dropped another 4% for the SPY and 5.5% for the QQQ...Read More
The Canadian TechnicianOctober 07, 2022 at 01:13 PM
Monday started with a bounce. We were off to the races. After closing on the lows on Friday, we quickly bounced higher. It feels so good when the market rips to the upside. Thursday saw the market work lower and Friday took the wind out of the sails again...Read More
The Canadian TechnicianSeptember 30, 2022 at 01:27 PM
First off, the markets have been testing the June lows for 6 days...Read More
The Canadian TechnicianSeptember 23, 2022 at 01:09 PM
Wow, the selling continues. As the market absorbs the daily news of inflation, the market is a hard place to find ballast right now. I was on a presentation platform this week, and the person following my presentation was making 5 digits per month shorting stocks...Read More
The Canadian TechnicianSeptember 17, 2022 at 06:28 PM
There are so many charts at inflection points. Not just on a daily chart, but on 10-year time frames. For me, the larger market direction is at an important precipice; being involved or standing aside will be paramount to your wealth position heading into year-end...Read More
The Canadian TechnicianSeptember 09, 2022 at 01:40 PM
Crypto has been Kryponite for investors since November 2021. The holders (HODL - Hold On for Dear Life) have been hammered. Recently, crypto has started to behave better including going sideways, while the stock market pulled back in late August...Read More
The Canadian TechnicianSeptember 02, 2022 at 01:16 PM
In 2021, the market didn't have a pullback of 13% before another rally started. In 2022, we are now up to two. This tool, called the zigzag, is on StockCharts.com...Read More
The Canadian TechnicianAugust 26, 2022 at 05:21 PM
The stock market is a bull/bear battle every day. Last week as the $SPX touched the 200-day moving average, the market stalled. This week, the market dropped Monday and Friday, creating a big weekly down candle to follow on last weeks stall...Read More
The Canadian TechnicianAugust 19, 2022 at 05:11 PM
Energy investors have been watching a crisis emerge in Europe, while the world tries to share tight supplies since the Russia/Ukraine conflict. On the back of the war on February 24th, oil spiked. Following the immediate spike, oil and oil names have wandered sideways...Read More
