Clicky

Canadian Banking Sector: Divergences Do Work!

While the divergences in the broad market & the handful mega-cap tech stocks that have been holding it up have not yet succumbed to the negative divergences that have been building on their respective charts, the negative divergences that were highlighted on the Canadian banking sector & leading Canadian bank stocks most certainly have. In [...]

Apr 28, 2017 9:22am|Categories: Equity Market Analysis|Tags: , , |Comments Off on Canadian Banking Sector: Divergences Do Work!

Canadian Bank Stocks Poised For A Correction

It would appear that the large Canadian banks are poised for a significant correction. Here's a quick look at the daily & weekly charts of the three largest Canadian banks. At best, it would appear that RY.TO (Royal Bank of Canada) might have one more thrust higher within this bearish rising wedge, possibly to print [...]

Load More Posts