The Canadian Technician

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018).

Latest Posts

The Canadian Technician

Canadian Insurance Companies Are Some Of The Weakest Stocks

by Greg Schnell

Looking through the Canadian insurance companies, I was not surprised but I think it is worth noting how weak they all are. When an entire industry group makes up a very weak sector, it is good to avoid. But there is always a time to get back in. This article shows a suggested methodology for doing that. The SCTR information can also be used to help us see turnaround situations. We can set an SCTR level as a target for them to break out. When they stop being the weakest stocks as a group, we can start to look at them again. This style of investing with the SCTR is harder, but you are Read More 

The Canadian Technician

The $TSX Holds New 52 Week Highs

by Greg Schnell

The Canadian Stock Exchange ($TSX) had not made new 52-week highs for a couple of years. Finally, in August we started to hit new 52-week highs. Our last 52-week high was in September 2014. But one of the most important parts of this rally is that markets around the world are breaking trend lines, or new 52 week highs, or all time highs.  For example, Germany ($DAX) broke through a long downtrend this week. That is an important chart regarding Europe as Germany represents Europe's strongest economy. It also made the 2016 highs this week Read More 

The Canadian Technician

Is Canada's New Economic Engine A Marijuana High?

by Greg Schnell

Canopy Growth Corp (CGC.TO) just moved from the Venture to the $TSX exchange. Well, someone noticed. The stock absolutely soared to new highs. This article could be filled with puns about new highs, stimulus, kicking off a weed-end, etc. etc but I shall resist! With political developments favoring the stock and a method of investing in the cannabis trade on the main exchange, the stock couldn't be contained in old price ranges.    For old investors like me, we'll look for an entry that won't be found in the black Read More 

The Canadian Technician

Travelling Through The Montney VII.TO BIR.TO PPY.TO POU.TO

by Greg Schnell

The age old question for energy investors rocks back to the top of the stroke every day. Is this the time to get into or out of Energy stocks? Is the industry ready to speed up? This is the sixth article in a series about a 1700 Kilometre (over 1000 miles) road trip that I did three weeks ago. You can follow these links to the first five articles.  Canadian Transportation Companies Start My Tour Canadian Forestry Companies Under Review Canadian Pipeline Companies Under The Microscope Canadian Read More 

The Canadian Technician

A New Look At Using The SCTR - Webinar Skim 2016-07-26

by Greg Schnell

The market continues to churn higher, continuously pushing away from breakout levels above September 2015 around 14000. The $TSX opened to new 2016 highs this morning even as oil has pulled back over the last two months. On the webinar, I walked through all of the Canadian sectors. They are all up through the month of July off the June 24th lows. Because the trend was up on the entire cross-section of the market, most of the webinar was focused on looking at SCTR's differently.  The Canadian Technician LIVE! with Greg Read More 

The Canadian Technician

The Agricultural Crops Look Fantastic This Year

by Greg Schnell

This is the fifth article in a series about a 1700 Kilometre (over 1000 miles) road trip that I did two weeks ago. You can follow these links to the first four articles.  Canadian Transportation Companies Start My Tour Canadian Forestry Companies Under Review Canadian Pipeline Companies Under The Microscope Canadian Pipeline Companies Under The Microscope (Part 2) On my road trip through the mountains and into the grain growing region, a massive transition from mining and forestry into grain and livestock takes place. We also travelled Read More 

The Canadian Technician

Canadian Pipeline Companies Under The Microscope (Part 2)

by Greg Schnell

This is the fourth article in a series about a 1700 Kilometre (over 1000 miles) road trip that I did a week ago. You can follow these links to the first three articles.  Canadian Transportation Companies Start My Tour Canadian Forestry Companies Under Review Canadian Pipeline Companies Under The Microscope Continuing with one of Canada's largest pipeline companies, TransCanada Pipelines (TRP.TO, TRP) has been rocketing higher. Here is a link to their latest investor presentation. They are primarily a Natural Gas transportation company. The Read More 

The Canadian Technician

Canadian Pipeline Companies Under The Microscope

by Greg Schnell

Getting a pipeline approved these days is a little more difficult than it used to be. In Canada, the debates about Keystone, TransMountain, and Energy East have all been a focal point for national divisiveness. In this article, I have no plan of entering into more debate. I do want to analyze what investors think about pipeline companies right now. This is the third article in a series about a 1700 Kilometre (over 1000 miles) road trip that I did a week ago. You can follow these links to the first two articles.  Canadian Transportation Companies Start My Tour Read More 

The Canadian Technician

Canadian Forestry Companies Under Review

by Greg Schnell

This is the second article from my weekend road trip through the mountains between Alberta and BC. The first article can be found here. Canadian Transportation Companies Start My Highway Tour. After leaving the Windermere area, we drove past many logging trucks. There are multiple lumber sawmills and pulp mills along the route. We drove past Canfor, Norbord,  and Weyerhauser that you could see from the road. There were also other mills set back from the highway, so I didn't catch the company names. However, the purpose of this article is to get a current state of the different Read More 

The Canadian Technician

Canadian Transportation Companies Start My Highway Tour

by Greg Schnell

On the weekend, our family went on a long drive through some of the most beautiful places on earth. Starting near the headwaters of the Columbia River system in British Columbia, we wound through Lake Louise, turned north through the Icefields Parkway and headed to Jasper, AB. From there, we went on to Grande Cache and Grande Prairie outside the mountain ranges. We stayed at a farm for 2 days and then rolled through Fox Creek, Whitecourt, Mayerthorpe, Edmonton, Red Deer and ultimately parked in Calgary. This area encompasses a brief insight to some Read More 

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