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

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 

The Canadian Technician

Canadian Technician Video Recording With Greg Schnell 2017-12-19

by Greg Schnell

This recording includes some specific questions for Utilities and Consumer Staples. It also highlights some of the growth areas for 2018.  Canadian Technician Recording with Greg Schnell 2017-12-19 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA Read More 

The Canadian Technician

Gold Miners Make 52 Week Lows - Bearish?

by Greg Schnell

The gold mining area is pretty interesting this week. While gold gets sold off every morning just before the stock markets open, it feels bad. Gold was down $34 on the week. Ouch, that's bearish! Still a pullback in the uptrend on a weekly chart, but it did make 4-month lows. Copper also had a lousy week. The current conduit dropped 3.69%. This is similar chart formation to the Shanghai Index which also pulled back this week. A pullback within an uptrend. So with the underlying metals pulling back, its no surprise the miners might pull back. But some Read More 

The Canadian Technician

Canadian Technician Recording With Greg Schnell 2017-12-05

by Greg Schnell

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 Read More 

The Canadian Technician

Gold Wobbles To End The Month

by Greg Schnell

Gold looks to close November near 1-month lows just days from being near 6-week highs. It's not that it has moved a lot, but the range is so tight. The Elliotticians are bearish on Gold here. With the bond market breaking down in price, and yields rising rapidly, Gold appears to want to follow bond prices lower. Then Yen also dropped which is a correlated trade with Gold.   I have been positioning for a bull run in Gold coming into the end of November. Seasonality for Gold in December is good. Obviously, the last two days brings that into doubt Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-11-21

by Greg Schnell

The Canadian Technician video recording for 2017-11-21 is now available. This broadcast I tried a few of the new features on StockCharts.com. In concert with the sector analysis, I went in the SCTR rankings in a few of the sectors to help identify interesting stocks setting up. Feel free to email me your comments. Might be a little small if viewed on a phone but should be great on a tablet or computer. Canadian Technician Video Recording With Greg Schnell 2017-11-21 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA Read More 

The Canadian Technician

Canadian Technician Video Recording 2017-11-08

by Greg Schnell

A new Canadian Technician Video Recording is available for viewing. Canadian Technician Video Recording With Greg Schnell 2017-11-08 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA Author of Stock Charts for Dummies (Pre-order now, available January 2018) Amazon.com Author of Stock Charts for Dummies (Pre-order now, available January 2018) Amazon.ca Read More 

The Canadian Technician

Canadian Banks - Ready To Run?

by Greg Schnell

The Canadian Banks are trying to turn up. The group has been under pressure lately, but perhaps its time to buy? Here's BMO. The Canadian banks have not had this price action weakness in 5 years. The SCTR is bouncing from its lowest level on the chart. Nice positive divergence on the Stochastics. The PPO looks ready to break the downward trend. RBC looks similar. Weak SCTR turning up. TD already started the move. Trying to make new all time highs. SCTR moving above 75.  CIBC looks very interesting with a push Read More 

The Canadian Technician

The Canadian Technician Recording 2017-09-19

by Greg Schnell

The new Canadian Technician Video Recording has been posted.   Canadian Technician Video Recording With Greg Schnell 2017-09-19 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA   Read More 

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