The Canadian TechnicianNovember 01, 2011 at 07:23 AM
This is a long but important blog. It clearly illustrates why this point in time is so important. What Point? How price behaves at this 200 DMA. How the 50 DMA reacts right now. What do we need to see to confirm the move higher...Read More
The Canadian TechnicianOctober 31, 2011 at 03:42 PM
It has been a few days since the EU summit. Let's check in on some places for strength to show up. 1) Let's look at some US banks to see if they are going vertical. While JPM may be stronger, let's look at BAC. I don't get any courage looking at these...Read More
The Canadian TechnicianOctober 28, 2011 at 01:04 PM
Well, that was some rally! I float between BNN and CNBC during the trading day. Most of the time with the volume off! At the end of yesterday,with the volume on, I heard Bob Pisani enthusiastically say something about volume. Paraphrasing ~ Did you see that volume today......Read More
The Canadian TechnicianOctober 27, 2011 at 02:48 PM
Wow, Who would have thought nothing concrete, promises for dates in the future, failed math, leveraged debt on debt, a letter about austerity, and voluntary losses could hold a 27 country project together under extreme tension...Read More
The Canadian TechnicianOctober 25, 2011 at 10:26 AM
Well, couple of things have really traded wildly leading up to the European Summit. Here is a chart of West Texas Crude. When people talk about retracement levels, some just throw it away as nonsense. Technicians use retracements. This chart is a classic so far...Read More
The Canadian TechnicianOctober 24, 2011 at 09:14 AM
Well that was a bullish Monday, with almost 15 days straight up. This TSX market is really underperforming the US markets. On each chart, check the location of the price compared to the 10 week or 40 week MA (Moving Averages)...Read More
The Canadian TechnicianOctober 21, 2011 at 04:46 AM
Shanghai Composite made 2.5 year lows this week and last week. In the same week, Copper made new lows. Every chart is at a decision point. They are all lined up. Here is the Commodities dashboard again. $WTIC is trying to rally above the 10 week. It's pretty important...Read More
The Canadian TechnicianOctober 20, 2011 at 06:46 AM
This post is in response to some verbal, some email questions that have come from my previous posts. In posting my last few blogs, I added caution that tomorrow, Friday was OED (Option's Expiration Day) but it is different because it is during earnings season...Read More
The Canadian TechnicianOctober 19, 2011 at 12:15 PM
One way to see when this might be breaking out or breaking down is to watch the centre of the storm. In no particular order, Barcley's. BNP Paribas is one of the main French banks under pressure...Read More
The Canadian TechnicianOctober 19, 2011 at 04:14 AM
Well, It's be a couple of weeks from the market bottom. A buy signal should be showing up on these charts. I want to caution about how things may fall apart after Options Expiration on Friday. But so far, things look solid. We have moved well outside our oversold zone...Read More
