The Canadian Technician

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Getting Our Trading Back on the Rails

by Greg Schnell

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 Technician

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Finally Some Encouraging Signs

by Greg Schnell

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 Technician

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Gas Prices Have Topped This Week

by Greg Schnell

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 Technician

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It's Been a Couple of Months to Remember

by Greg Schnell

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