The Canadian Technician

The Canadian Market Goes Negative On The Year - Video 2018-01-30

by Greg Schnell

The Canadian market broke down and went negative for the year this week. The $TSX made its closing high on January 4th and has receded since then.  The scale is in percentage terms from the last day of December 2017. So this is not great.  What is more alarming is the detail on some of the individual sectors. Starting with Technology, things look ok and the momentum indicators are still pointing positive. Should the trend line on the MACD break, that would be worrisome. The current lower high on the MACD compared with the June 2017 high is an uncomfortable Read More 

The Canadian Technician

Why Canadian Investors Have To Be Way More Cautious Here $TSX

by Greg Schnell

We have seen roughly one day a week of slight downward pressure in the US markets during this huge rally. So the little bit of selling this morning is hardly cause for alarm. The Dow was up 1897 points this month when it closed on Friday. Can it do 2000 points before Wednesday? That's a nice month!!!!! But this blog is mostly about the Canadian market and how it fits with the other global markets. The local news is not so pretty. Let me start by showing a chart of the $TSX and the $SPX off the 2009 lows. The Canadian market has dramatically Read More 

The Canadian Technician

Canadian Market Starts The Year Pausing, New Book And New Video!

by Greg Schnell

The Canadian market ($TSX) has been flat for the month. With a small burst in the first few days, the Canadian market is now only up 0.5%. That compares with the $SPX at 3.85% and the $NDX at 5.33%. While Canadians felt some relief by some rising resource stocks, they were still outperformed massively by the US markets. One of the bright industry spots in the market still appears to be Gold mining. The XGD.TO opened lower today and rallied up to close back in the range of Monday. The zoom box on the right shows this. Natural Gas Read More 

The Canadian Technician

Will Legalization Continue To Stoke Medical Marijuana Investors?

by Greg Schnell

Many stocks are up 100% or more Most have seen dramatic volume surges For Canada, Marijuana within the Healthcare Sector has been one of the single biggest performers over the last month. Let's review what is going on here. The last month shown on the first table has seen spectacular gains. The Percentage Change column is remarkable. The Marijuana stocks have had a wild week. This is a one-week table below. One was up 24%, some were down 30%. Today, it was cautionary. A lot of these stocks do not have an SCTR ranking. Most Read More 

The Canadian Technician

Canadian Technician Video Recording With Greg Schnell 2018-01-02

by Greg Schnell

This weeks Canadian Technician Video Recording 2018-01-02 has lots of information on Healthcare. As a sector that is moving to the upside, it looks timely. There is also information on the merger between Potash Corp and Agrium. Canadian Technician Recording With Greg Schnell 2018-01-02 from StockCharts.com on Vimeo. I also recorded a video for quickly making chartlists with specific industry groups or sectors. Greg Schnell Quick Tip - Industry Group Chartlists from StockCharts.com on Vimeo. Read More