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

The Canadian Technician Recording 2017-09-05

by Greg Schnell

Well, September starts with a flurry. Banks are breaking down, and gold is breaking out. The story with oil continues to be influenced by winds of a hurricane. First it was Hurricane Harvey and this week the Gulf of Mexico is seeing the winds of Hurricane Irma. With a significant volume of off-shore and on-shore production shut in, we should continue to see some volatility in price.  A lot of the Canadian sectors are failing at their trend lines, so that is a bigger concern for the broad index.   Canadian Technician Read More 

The Canadian Technician

August Month End Shows Some Big Picture Set Ups

by Greg Schnell

Canada has been lagging behind almost every other nation in the world in terms of stock market performance. The Canadian market peaked on February 21st and we have drifted down and sideways for the last 6 months. The chart for the $TSX has some encouraging signs on it. Let's start with the Bullish Percent Index.  The red horizontal line is placed based on the current level. The 2004 pullback as well as the 2010 pullback, both had the same sort of pullback as the Canadian $TSX in the bottom panel. The other two drops in 2011 and 2014, marked by the blue vertical lines, were much more Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-08-22

by Greg Schnell

This recording has some bright spots showing up in Commodity related countries with the Brazil market breaking out to 6-year highs. That is very bullish for commodities. The real problem is that a lot of the Canadian sector charts are at pivotal levels. If they can hold and break higher, that will be bullish. For some reason, a lot of the defensive sectors are also setting up topping patterns. This is puzzling. If they are breaking down, are we about to see broad rotation into the primary Canadian sectors? Or is everything lining up to sell off? In a recording with a lot of potential Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-08-08

by Greg Schnell

The Canadian Technician Video Recording is available.  Two charts that were very interesting were the Canadian Financials and the Consumer Discretionary charts. If they could break out of the momentum trends they are in, in might be a beautiful rally into the fourth quarter. But the charts are currently on the fence, with a drought on one side and greener pastures on the other. Canadian Technician Video Recording With Greg Schnell 2017-08-08 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA   Read More 

The Canadian Technician

Fertilizer Related Stocks Start Showing Green Shoots

by Greg Schnell

Agriculture stocks have been on a slow burn for shareholders. Continually drifting lower, frustrating even the most patient investors, it's been a difficult few years. Perhaps there is a light at the end of the field, or is it just another firefly? Let me start with our Canadian Agriculture plays and work into the US market. Agrium on the $TSX, AGU.TO (also on NYSE at AGU). The SCTR is sun-rising above 30 from an oversold level. The Full Stochastics have turned up like weeds in summer. The MACD has also flipped onto a buy signal. That is the optimistic side. The Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-07-25

by Greg Schnell

I updated a  signficant number of charts today. Cleared off a lot of the annotations and cleaned up the charts. The charts are sitting on a knife edge. The Bullish Percent Index keep dropping but there are some areas of hope.  The Canadian Technician Video Recording 2017-07-25 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA   Read More 

The Canadian Technician

Canadian Insurers Break Out To Fresh Highs

by Greg Schnell

Canadian Insurance stocks are rallying while the Canadian Banks are hovering closer to their 200 DMA's.  Manulife Financial (MFC.TO) made a nice move today. The intraday volume is the same as yesterday and we are only half way through the day. Perhaps we'll finally get a volume candle of some significance with the breakout. Another major insurer that we watch is Sunlife (SLF.TO). The chart is not quite as sunny, but it has some rays of hope. Industrial Alliance (IAG.TO) is also looking good but needs to Read More 

The Canadian Technician

The Canadian Technician Video Recording 2017-07-11

by Greg Schnell

The Canadian Technician Video Recording 2017-07-11 has been posted. The $TSX continues to weaken and has dipped 1000 points from the highs. Canadian Technician Video Recording With Greg Schnell 2017-07-11 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.   Read More 

The Canadian Technician

Canadian Airlines Start To Soar With The US Airlines

by Greg Schnell

Air Canada (AC.TO) has been flying (not good to say an airline is 'on fire'), but the other airlines are starting to get the memo. Looking through all of the Canadian airlines, the group looks ready to push higher. Not just one winner, but five winners. The US Airlines have been breaking out too. Let's start with Air Canada's leadership (AC.TO). The next player is Westjet (WJA.TO). Westjet broke out to a new high today and broke through a long line of resistance recently. Chorus Aviation (CHR.TO) has been gently Read More 

The Canadian Technician

The Canadian Technician Video Recording For 2017-06-27

by Greg Schnell

The Canadian Technician video recording discusses why there are reasons to expect a positive outcome for the Canadian market but there is a substantial risk for a significant fall from these levels.  Canadian Technician Video Recording With Greg Schnell 2017-06-27 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.   Read More 

Subscribe to The Canadian Technician to be notified whenever a new post is added to this blog!