The Canadian Technician June 30, 2015 at 03:01 PM
The markets are at or near all time highs. The optimism is overwhelming. Consumer confidence just roared in with a triple digit positive reading of 104 and this is only the third time in history the confidence has been so high... Read More
The Canadian Technician June 24, 2015 at 05:35 AM
This article follows on from a look at the US Banks. The Canadian banks don't look anywhere near as bullish. Most of these charts need lines to show where support is reaching a rather critical stage. First we'll start with the RBC or Royal Bank. RY in USD terms... Read More
The Canadian Technician June 23, 2015 at 07:58 AM
Recently the US banks have been soaring like they are drinking some kind of Kool-Aid. JP Morgan (JPM), Citigroup (C), Bank Of America (BAC), Wells Fargo (WFC), US Bankcorp (USB) have all been surging higher. Goldman Sachs (GS) and Morgan Stanley (MS) have followed... Read More
The Canadian Technician June 16, 2015 at 07:10 AM
Wow, is this Cyber Security Industry group on fire. What a hot looking group of charts! I had dinner last night with some risk management (Cyber Security) specialists. It motivated me to go check out the charts... Read More
The Canadian Technician June 12, 2015 at 09:52 AM
Manulife has been performing well since the Fed keeps talking up the potential for them to consider raising interest rates if inflation picks up. Manulife (MFC.TO, MFC) has been shining for a while but it picked up speed recently... Read More
The Canadian Technician June 07, 2015 at 01:41 PM
I picked 10 Oil Majors to review this week as June 13 marks one year since the decline in oil prices started. I think these charts are important as they do a strong job of representing the oil industry and investor sentiment towards the group... Read More
The Canadian Technician June 04, 2015 at 11:49 AM
The other day, my wife suggested we go to the mall to pick something up for our daughter... Read More
The Canadian Technician June 01, 2015 at 06:38 PM
Dow Theory. Is it drama? Is it the current reality? Perhaps distorted reality? I have given up on Dow Theory using $INDU as a timing tool... Read More
