The Canadian Technician June 27, 2012 at 07:45 AM
Here are two agriculture related stocks. Agrium looks very strong, but Potash looks to be breaking through the 40 week MA. Both are on the move. Potash comes to its 40 week MA line. it looks like it is ready to surge higher here. Here's Agrium... Read More
The Canadian Technician June 27, 2012 at 06:01 AM
The whole world is trying to figure out if Europe can save the Euro. There are a lot of people trying. That backdrop sucks up all the media time. It's hard to get bullish with the news. But here we sit with the $USD up against a major resistance trendline... Read More
The Canadian Technician June 27, 2012 at 06:01 AM
The whole world is trying to figure out if Europe can save the Euro. There are a lot of people trying. That backdrop sucks up all the media time. It's hard to get bullish with the news. But here we sit with the $USD up against a major resistance trendline... Read More
The Canadian Technician June 22, 2012 at 11:15 AM
As a technician, we see things as levels of support and resistance. Yesterday's price action made the summersolstice the longest day for equity traders as well as the price just continually declined all day. Crude oil continued to decline and lost $5 in 2 days... Read More
The Canadian Technician June 14, 2012 at 05:06 AM
The stocks of the diversified miners have been beaten as we have discussed. I like the look of the Shanghai market starting to build a nice uptrend since January 2012. The seasonality for materials kicks in for July... Read More
The Canadian Technician June 13, 2012 at 03:59 PM
Check out this dashboard of service companies... Notice how stong Savanna is as well as Canyon..The others are still sloping down. Time to start entering a trade here? Well if it is, stops must be entered. These massive swings make it hard to hold the trade... Read More
The Canadian Technician June 11, 2012 at 11:54 AM
September 9, 10 and 11, 2012 are shaping up to be hosts to one of the premier technical conferences in 2012. 2012 Banff Commodities Conference From the wisdom that age brings to the aggression of youth, Banff Canada will be host to some of the greatest technicians in the world... Read More
The Canadian Technician June 10, 2012 at 12:35 PM
$WTIC has just moved below a 10 year relative strength trendline. Gold, Copper*, and the CRB all have broken below. Gold and oil are still at a level that if they reversed the downtrend and rocketed higher, we could say the uptrend is intact... Read More
The Canadian Technician June 06, 2012 at 01:56 PM
The $TSX finally caught a bid after a nasty downdraft. This is an excellent move today confirming a push higher. The divergence on the MACD and RSI are very strong. Friday's low looks to be the end of the recent push down... Read More
The Canadian Technician June 05, 2012 at 01:19 PM
The $BPGDM index is giving multiple buy signals. Starting at the top, the RSI for the index is going above 70. thats bullish. The purple shaded area (SPURS) has broken a downtrend. That's bullish ! The crossing of the index above the 8 ema is bullish... Read More
The Canadian Technician June 04, 2012 at 07:26 AM
TD Bank is very interesting here. Look at it sitting on shelf support here. TD bank just reported earnings. You can see it continues to make lower lows evey week even after a solid quarter. Fundamentals of a solid quarter? Whatever, lets talk technicals... Read More
The Canadian Technician June 01, 2012 at 11:42 AM
Here is the PnF chart for lumber. A new sell signal. You can see this is a failed triple top breakout. If you look back to the left at $282.49-$285.32 you'll see that was a support level in 2010. Then in 2011 early 2012, the price stalled at this $280... Read More
