The Canadian TechnicianNovember 17, 2011 at 07:19 AM
Here were some of my comments in the blog two days ago. 6) We have hit the fib levels on the index and on crude. Gold made moves above the fib levels, but the gold stocks have not. 7) Gold and oil opened higher today but the TSX opened weak...Read More
The Canadian TechnicianNovember 16, 2011 at 02:31 PM
Today we want to investigate which sectors are leading and following. The easiest way to do that is: a dashboard view. The Canadian Sectors outside of Energy, Finance, Gold and Materials are incredibly thin. Like 10 stocks in each sector, some with even less...Read More
The Canadian TechnicianNovember 15, 2011 at 08:26 AM
Is this a market of opportunity or a quiet market like a canoe on a still lake above water falls? I don't know but I'll share my observations. You'll have to decide. For all the non-canucks reading the blog today, maybe we better explain the title...Read More
The Canadian TechnicianNovember 14, 2011 at 01:06 PM
Good Day, Lets just briefly check the dashboards. All of the symbols for the charts are just farther out months on the futures. So each chart has the nearest month first, then progressing to the longer months.Usually a year out. Here is Corn. Trading below the 10 week...Read More
The Canadian TechnicianNovember 13, 2011 at 07:40 AM
Well, that was a very interesting week in the oil and oil stocks market. First of all, let's review crude oil and where it is priced. In the blog a few weeks ago, we suggested a good upside target for oil would be arond $99...Read More
The Canadian TechnicianNovember 10, 2011 at 02:49 PM
Living in the city where BRE-X was born, I have seen the stock soar, scored, scarred, scared and scuttled. Therefore my enthusiasm for the metal is always muted. My broker sent out BRE-X shares for Christmas after they went bust. So my concern is always where is my exit...Read More
The Canadian TechnicianNovember 09, 2011 at 04:10 AM
Normally, I focus on the Canadian market, but today we need to explain what the dynamic currently in play is on the $SPX. Recently, my blog of November 1st tried to explain bull and bear market cycles using the RSI...Read More
The Canadian TechnicianNovember 08, 2011 at 03:01 PM
Below are four different markets. I have standardized the chart style to make the look similar. I have left the 50 and 200 DMA on the charts. I have erased the name, value or price of the stock, commodity, currency or index...Read More
The Canadian TechnicianNovember 05, 2011 at 03:40 PM
Here is the Bank Sector: I don't like the red candle that made new 4 week lows this week. Here is the daily. I am very surpirsed that the Canadian banks did not get a relief rally at all after the Monday / Tuesday drill down. Maybe we tested the lows today and held...Read More
The Canadian TechnicianNovember 03, 2011 at 12:55 PM
Lets check the commodity dashboards: Here's $WTIC - Looks Bullish! Here's Copper: Testing support on every date....caution warranted: Corn: Testing resistance...buying opportunity with a tight stop? What I can't understand is why Potash is not getting a bid...Read More
