Here are some charts I am following for various reasons. I’ll look at the loonie, WTI oil, Canadian oil, the SPX, the TSX and Europe. If you have any broad market or sector charts you’d like me to address, please put them in the comments at the bottom. Here goes: Canadian dollar The loonie’s Read More
Loonie has another penny or two left in it..but not much more
Just a short blog today. As I noted back in October, I felt that the loonie would eventually get close to $0.80. Seasonally, and chart-wise, it looked very set up to get into at least the high $0.70′. Looks like its been on track to meet my objective–I’m currently observing the move top the top Read More
Investing in Europe—not as straight forward as you’d think
Before we get started, here is my BNN show from Monday. Should investors buy into the high flying European stock markets? The iShares European stock ETF (IEV-US) clearly broke out recently. There’s no overhead resistance ahead of it—the coast is clear for more upside. It’s a bit overbought and may pull back from here, Read More
Follow the big red line
The dominant trend for the loonie has been indisputably down since 2011. Follow the big red line on the chart below. Any questions? This downtrend, BTW, coincides with the 2011 commodity peak and steady decline. As most of you are probably aware – the loonie has a very positive correlation in price movement to Read More