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Entries for the ‘Technical Analysis’ Category

Canadian Mining Interests Have Taken a Hit But Are Poised for Growth

Uncertainty and the volatility that followed during calendar 2011 shook the very foundations of investor confidence. Hedge fund managers witnessed one of their poorest performances on record, and financial markets gyrated when recovery plans stalled and the European debt crisis escalated into a higher stage of dysfunction. One industry that was hit particularly hard was […]

Is Now A Good Time For Penny Stocks?

It’s a simple question. Is now a good time for penny stocks? There’s a lot of crazy things happening in the world and there’s enough volatility in the stock market in general so are penny stocks worth the extra risk? This isn’t a normal time and rest assured that while some people lost a lot […]

TSX Technically Worrisome

The past 5 days have been pretty rough on stock markets. Fundamentally, the chaos in Libya is causing a lot of uncertainty in the investing community so money is getting taking off the table. At the same time the Toronto Stock Exchange was reaching a resistance level as you’ll see in the chart below. For […]

Are Gold Prices Tied To Egypt?

Despite what is happening in Egypt and the Arab world, gold hasn’t moved any higher. This would cause a great deal of concern for the gold bugs and people bullish on gold. Adam Hewison has a great explanation of why gold is where it is and where it is going. It’s firmly grounded in technical […]

Canadian Stock Market Analysis

The stock market of the past week has shown some strength and is close to breaking through a 6 month high. Does this mean it’s time to invest or time to unload. The answer, as often in investing, is it depends. In the short term it looks like there will be enough resistance and shift […]

TSX Market Technical Outlook

This past week on the Toronto Stock Exchange was a positive one. But is it staying that way? Let’s take a look at some basic technical analysis to see if it is. The week closed a 3 month high and broke through the resistance level. All signs are pointing to a continuing trend upward until […]

Technical Stock Market Outlook

The market volatility is certainly continuing throughout this week. With triple digit moves in both directions it’s difficult to determine where the overall stock market is headed. Unfortunately from a technical analysis perspective it doesn’t look good. Check out this 3 month chart of the TSX. The short term trading range is between 11400 and […]

The Europe Story Isn’t Over Yet

I must admit that I get a kick out of watching Jim Cramer. The flashy entertainment often makes for an amusing time while eating supper. I came across this video today from Jim Cramer talking about Europe and his statement was actually really something that is worth listening to. Some part of Europe will collapse […]

Canadian Stock Market Outlook

Reviewing the Toronto Stock Exchange 6-month chart from a technical analysis perspective.  The analysis shows that the recent channel upward has been significantly broken by last week’s dramatic fall in prices. Market prices have broken through two lower support levels and are now heading towards a 3rd support level.  Barring anything significant news on Greece, […]

Canadian Stock Market Outlook for May

A lot of sentiment is saying that May is going to be a down month for the stock market and while it may be true, we should take a look at the technicals to see if the match up with the fundamental weakness that is permeating the emotions of investors. Both in the short term […]