The Canadian TechnicianApril 04, 2022 at 11:59 AM
I published an article recently about the rails gently moving higher, only to have Friday's price action wipe out most of the prior month's gains. That is so frustrating when it happens, but it happens. However, it is always worth looking deeper to see if it is just a bad day...Read More
The Canadian TechnicianMarch 24, 2022 at 01:15 PM
The stock market has a pretty big slam lower to start the year. However, the massive rally off last week's lows will mean the monthly and quarterly data won't look nearly as bad. January was down 5.2% from the December close to the January close. February was down 3...Read More
The Canadian TechnicianMarch 16, 2022 at 04:45 PM
We have been looking for a trade-able low. A few clues kicked off some interest today. The NYSE composite advance/decline line finally broke on the 3rd panel. The price of the $NYA broke above the horizontal resistance line and the downtrend line...Read More
The Canadian TechnicianMarch 11, 2022 at 09:01 AM
You need to imagine being on a tee-box playing golf with me. It seems that, every hole, we talk about a different dynamic in the markets...Read More
The Canadian TechnicianMarch 04, 2022 at 12:59 AM
We are a mere 45 trading days into 2022 and a lot of the warning signals at the end of 2021 are playing out. We got sell signals on the monthly PPO indicator for the Nasdaq 100, as an example. We have been selling off since the beginning of the year...Read More
The Canadian TechnicianFebruary 25, 2022 at 03:17 PM
After a big rally on Thursday, the market is trying to hold and consolidate heading into the weekend. With volatility still high, I'm looking around for what to invest in. I noticed a couple of gaming names popping up. Churchill Downs (CHDN) had a huge day on Friday...Read More
The Canadian TechnicianFebruary 22, 2022 at 09:59 AM
The chart below from Friday for the Nasdaq Composite is awfully weak. A few bearish points of interest are on the chart. The 50-day moving average (DMA) is moving below the 200 DMA shown in the circle. That's not good...Read More
The Canadian TechnicianFebruary 10, 2022 at 12:53 PM
The lows were put in on January 24th, and we continue to make higher lows coming out of the base. I must admit it is a rather tentative market for the large-cap tech names. First of all, one chart I am watching is GOOGL, which I bought on the pullback after the earnings release...Read More
The Canadian TechnicianFebruary 01, 2022 at 12:36 PM
After a rough January, investors are on watch for a much better trading environment in February. We've had a few storytime illnesses hit in January...Read More
The Canadian TechnicianJanuary 28, 2022 at 04:38 PM
The bulls and bears had a classic battle this week. The market whipped back and forth intraday and overnight, selling off Caterpillar and gobbling up Apple. Major charts like TSLA and AMD tried to hold long support lines...Read More
