The Canadian TechnicianAugust 18, 2023 at 09:00 AM
Homebuilders have been on an unbelievably big run. Looking at two relevant ETFs, we can see that one is at prior highs, while the other broke out to fresh new highs. Let's start there. XHB was recently at a prior high, and the ITB made newer highs...Read More
The Canadian TechnicianAugust 04, 2023 at 11:02 AM
Over the last few weeks, metals have been swinging wildly. I have been following Copper and Gold, and it has been a wild ride, to say the least. I'll cover off Copper and related miners today...Read More
The Canadian TechnicianJuly 28, 2023 at 12:00 PM
The market has continued higher. Period. Despite all the warnings, markets continue to push higher. Below is the view over the last month. You can see the dates of each chart in the top left corner and the number of trading days in the lower right corner...Read More
The Canadian TechnicianJuly 21, 2023 at 12:34 PM
When investors get attracted to one industry, the move can be relentlessly good. Over the years, we have seen semiconductors, software, IT security, cloud, payment systems, and EVs all go on significant runs, to name a few examples...Read More
The Canadian TechnicianJuly 14, 2023 at 06:27 PM
US bond yields dropped sharply this week. Below is the 2-year yield. One of the important technical characteristics of the chart is a double top. When a chart tests a prior high, we want to see if it succeeds or fails at the prior level that was resistance once before...Read More
The Canadian TechnicianJuly 07, 2023 at 02:19 PM
Crypto is one man's anti-soul, and another man's guiding light. Crypto seems accurately defined as a take on Superman's kryptonite, where just being near it has a negative connotation to some investors...Read More
The Canadian TechnicianJune 30, 2023 at 02:30 PM
The 2023 Super Bowl was a great one. It started with a strong first half for the Philadelphia Eagles. The Eagles fans were soaring with delight as the teams headed to the locker rooms, while KC fans were dejected by the outstanding performance of Jalen Hurts...Read More
The Canadian TechnicianJune 23, 2023 at 07:31 PM
2023 has seen a significant thrust in tech names. The recent run in semiconductor and software stocks are great examples of market thrusts. The market has split into different vehicles, and we are currently riding the AI vehicle to higher highs...Read More
The Canadian TechnicianJune 16, 2023 at 12:53 PM
The US Dollar ($USD) is one of the chart I look at regularly as a foreign investor, and this week saw USD give it up in a big way. There are two trends in play here. The first is the trend of declining highs in price, with a support level around 100 to 101...Read More
The Canadian TechnicianJune 09, 2023 at 01:01 PM
After a huge rally off the March lows, the first full week of June saw the markets move sideways, for the most part. At noon Friday, most US indexes were up marginally on the week. The charts below are all 60-minute charts...Read More
