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Technical Analysis Of US & Canadian Banks (video)

This video begins with a brief overview of XLF (Financial Sector ETF), along with some comments on the US banking sector, followed by analysis of the leading Canadian bank stocks as requested by [email protected] in the trading room. Both the US & Canadian banks appear to be at a critical technical juncture. Important support levels, potential price targets & some key potential technical developments to watch for in the coming weeks are highlighted. playback speed can be increased in the settings to reduce video duration

2018-04-18T18:16:53+00:00 Apr 18, 2018 6:16pm|Categories: Equity Market Analysis|Tags: , , , , , |0 Comments

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 a marginal new high before breaking below the pattern. RY.TO is currently challenging the previous all-time high from late 2014 which occurred just before the stock broke below its primary bull market uptrend line, where it has remained below since. It appears that the [...]

2016-10-12T10:22:36+00:00 Oct 12, 2016 10:22am|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: , , , , , |3 Comments