MY JOURNAL FOR FRIDAY MORNING – NOVEMBER 8, 2019 NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS Canadian MoneySaver Magazine 📰 Get a free issue of Canadian MoneySaver Magazine and a coupon for 20% off here. Stock Market Outlook for November 8, 2019 – EquityClock.com 📊 The strain in the defensive, often interest rate sensitive, sectors during Thursday’s session stemmed from the surge in yields in a continuation of the unwind of the strength in bond prices. The iShares 7-10 year treasury bond ETF was lower by eight-tenths of one percent; the 20+ year treasury bond ETF (TLT) was lower by 1.81%. Both broke levels of support presentedRead More →

MY JOURNAL FOR WEDNESDAY MORNING – NOVEMBER 6, 2019 NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS Don’t Ignore This Chart! 📝 Keycorp Unlocks Higher Highs Greg Schnell | November 05, 2019 Keycorp (KEY) has a nice chart that appears to be following along on the rest of the banking industry moves. The SCTR is pushing to the highest level in 18 months. The relative strength (compared to the $SPX) is at new 2019 highs. – READ MORE (click here to see charts) Breakouts Continue | US Edition | Greg Schnell, CMT Industrials Broke out to a new high on Friday. This video analyzes the industrial sector from atRead More →

MY JOURNAL FOR MONDAY MORNING – NOVEMBER 4, 2019 NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS Canada’s Financial Sector’s Correlation To The US Market – GregSchnell.com 📝 These stocks are widely held in Canada, but less so in the USA. However, for US investors they make a nice dividend payment and have a solid investor base that does not move much. If you are trying to outperform the market, these stocks move with the US index so that is a more difficult task, as they correlate similarly. The good news is they have large asset bases and behave similar to each other. Call it an oligopolyRead More →

MY JOURNAL FOR WEDNESDAY MORNING – OCTOBER 30, 2019 NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS Don’t Ignore This Chart! Get Picked Up! Greg Schnell | October 29, 2019 With the market broadly pushing to new highs worldwide, the talking TV heads are onto the “what’s-working-lately” narrative. The endless talking frenzy about the wipeout of this years IPOs has been forgotten by the constant chatter of the haunting Halloween Highs coming at us! Well don’t forget to call Uber and Lyft for your party rides, as they appear to be turning higher in the broadening breadth of this market. Weekly charts don’t do much good on such aRead More →

MY JOURNAL FOR TUESDAY MORNING – OCTOBER 29, 2019 NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS The Canadian Technician 📝 The Arc Leads To New Highs Greg Schnell | October 26, 2019 After 7 days of trying to break above, we finally notched new highs on the $NDX! I kept wondering if we would ever get to the land of the new high ground! Apple (AAPL) was one of the stocks powering higher, giving us a path over the zone of resistance. The SPY ETF tracks the S&P 500 and includes dividends; that chart made a new high, but the $SPX came up just short. – READ MORERead More →

MY JOURNAL FOR MONDAY MORNING – OCTOBER 28, 2019 NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS Don’t Ignore This Chart! 📝 Schlumberger (SLB) Writes Off $12.7 Billion Greg Schnell | October 25, 2019 Schlumberger (SLB) has been down and out for a long time. The management team wrote down $12.7B in goodwill and other charges this month. For technicians, the actual science of that write-off is not as important as what investors think of the write-off. If that moves investors out of the stock, that would be a problem. Interestingly enough, Schlumberger is up 8% on the week, so that makes me more interested. The yield is almost 6%,Read More →

MY JOURNAL FOR FRIDAY MORNING – OCTOBER 25, 2019 NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS Checking In On Gold | Greg Schnell | Market Buzz 📺 Gold resists dropping. Is it setting up for the leg higher? Also, if you would like to connect with my new newsletter service, go to GregSchnell.com and click on the “Private Investors” tab. If you select the annual membership and use the coupon FOUNDER, you’ll get the founding members price, which will never change. That price is $285, or a little over $5 a week. Get it now! Good trading, Greg Schnell, CMT, MFTA Senior Technical Analyst, StockCharts.com Author, StockRead More →