The Canadian Technician

November 2013

The Canadian Technician

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One Ringy Dingy, Two Ringy Dingy, Three Ringy Dingy

by Greg Schnell

Those of us that are old enough to know the One Ringy Dingy story with Lilly Tomlin calling might just get a chuckle out of the youtube replay. I put the link here to make sure you don't miss out on some laughter... Read More 

The Canadian Technician

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$NATGAS Closes At 5 Month Highs

by Greg Schnell

Natural Gas continues to find a lone direction. With oil having trouble finding support here at $92.50, $NATGAS is making 5 month highs. The discrepancy between oil and gas is still huge, but this push on Natural Gas is interesting. Check out this seasonality chart on $NATGAS... Read More 

The Canadian Technician

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SCTR - Scanning For Strong Stocks On An SCTR Pull Back - Chapter 9

by Greg Schnell

Next we'll cover off the simple scan of looking for symbols with an SCTR between 60-65 within our strong group. Remember, in order to be considered for this scan, the symbol had to be better than 75% at one time to get into the group... Read More 

The Canadian Technician

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Its Just A Coincidence In Fibonacci Targets? - I SPY 1960

by Greg Schnell

Well this market has been in Eveready bunny going higher and higher while technicians continue to call the top that hasn't arrived. I have been guilty of that as well. Huge blog. Summary: We have the current blue Fibonacci lines on the right... Read More 

The Canadian Technician

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Metals, Miners, Materials, Messages - Hummmmm

by Greg Schnell

The materials markets are behaving very oddly here. Oil, Gold, and Copper are all below the 200 DMA. Teck Resources, First Quantum Minerals, and HudBay Minerals are all below their 200 DMA... Read More 

The Canadian Technician

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SCTR - Finding Stocks In The Passing Lane - Chapter 7

by Greg Schnell

The first scan we created found stocks that are in the top 25% list technically. The second scan focused in on stocks just entering the top 25% list. This scan will look for stocks that have momentum relative to the broad group. I would equate this to a 2 lane highway analogy... Read More 

The Canadian Technician

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SCTR Mystery

by Greg Schnell

I was rolling through some charts today and thought I would throw this one on the blog as a mystery.The top box is the SCTR, the bottom is the price. This stock was stuck in a range. It was dead money for months. It made a breakout above resistance in late December to $76... Read More 

The Canadian Technician

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SCTR - Scanning For Strong Stocks Pulling Back - Chapter 8

by Greg Schnell

So now we keep finding these strong stocks. That is fun. However, one of the common emails I have received is that these stocks are too extended to buy. So this chapter will look for the pullbacks on the strong stocks. Let's get started... Read More 

The Canadian Technician

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SCTR - Looking For The Sudden Surge - Chapter 6

by Greg Schnell

Over the last few articles, we set up chartlists and completed our first scan. It takes a while to write this out, hopefully with enough clarity, to enable you to set up your account with this process... Read More 

The Canadian Technician

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Currencies Ring My Pessimism Bell

by Greg Schnell

While writing my SCTR series of blogs this week, I was sidetracked by the changes in the market. I have thoroughly enjoyed watching the $TSX breakout and make a meaningful move to new 2 year highs... Read More