The Canadian Technician

Canadian Technician Recording With Greg Schnell 2017-12-05


This week's version of the Canadian Technician Recording with Greg Schnell has lots of news. In two weeks, the Canadian market has had a major change in underlying strength. While its not outright bearish, it is definitely cautionary. Very frustrating watching the US market continue to put in higher highs and this week Canada is making lower lows. As well, the Advance-Decline information confirms the problem. If you are bullish on the Canadian stock market this is a good week to check in. I repeatedly suggest not selling everything, but add some protection in the form of options to help hold your positions through this period of volatility.

Canadian Technician Recording with Greg Schnell 2017-12-05 from on Vimeo.

I will also be doing recordings with Tom Bowley on Saturday for the Market Outlook. You can also get an update on all of the commodity trades with Thursday's Commodity Countdown.

Good trading,
Greg Schnell, CMT, MFTA

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at 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). Learn More
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