The Canadian TechnicianDecember 16, 2022 at 09:30 PM
The oil sector has pulled back roughly 20% over the last four weeks. It's been an aggressive move down, and I was interested to hear that Mark Fisher thinks the bottom is in for oil. MBF trading is a big deal. He is a brilliant man, so I definitely want to check my work...Read More
The Canadian TechnicianDecember 09, 2022 at 06:17 PM
Energy stocks got rocked this week. Inventory data doesn't seem to matter. Russia doesn't seem to matter. For me, the charts have been weak for a while, but they got hammered this week. XOP XOP was down on the week but, more importantly, the indicators are all breaking down...Read More
The Canadian TechnicianDecember 02, 2022 at 11:53 AM
As I got up this morning, I noticed a 10-minute YouTube summary of the Tesla Semi Truck unveiling. I found it extremely interesting. Tesla's stock (TSLA) is one of the most-watched charts in the market. It's been under pressure of late...Read More
The Canadian TechnicianNovember 25, 2022 at 12:56 PM
As the market changes from bear to bull, there should be a market rotation away from defensives. While defensives and financials are still performing well, Industrials are also leading the way...Read More
The Canadian TechnicianNovember 18, 2022 at 11:35 AM
The commodities tried to rally, but stalled this week at very important technical locations. For example, the Invesco DB Commodity Index Tracking Fund (DBC) weekly chart doesn't look very good. The StockCharts Technical Ranking (SCTR) is plummeting after 1...Read More
The Canadian TechnicianNovember 14, 2022 at 08:20 AM
I had a long discussion with a great friend today about cryptocurrencies, Decentralized Finance (DeFi), Centralized Finance (CeFi), and the exchanges that are part of the landscape. He understands way more than I do on the subject...Read More
The Canadian TechnicianNovember 11, 2022 at 03:15 PM
On Thursday, many charts around the world broke out. If it is a bear market rally, it's a very convincing one. I saw a nice list from Charles Schwab that shows how many of these super surge days there have been and if they were in a bull or bear market...Read More
The Canadian TechnicianNovember 04, 2022 at 06:41 PM
In what could only be described as a weird week, it was difficult to keep a pulse on what was going on. Tech name after tech name continued to be decimated. The Nasdaq made a lower closing low on Thursday, only to end up bouncing up 1.5 % Friday afternoon...Read More
The Canadian TechnicianOctober 28, 2022 at 08:02 PM
It has been a wonderful rally off the lows. In under two weeks, the commentary has gone from extremely bearish to the best month in 40 years. That is a wonderful change in commentary...Read More
The Canadian TechnicianOctober 21, 2022 at 08:01 PM
The parade of commentators continues week in and week out to talk about the recession in 2023. It is important to consider whether, in late 2021, any of them saw a recession or a stock market decline in 2022...Read More
