I'll be hosting a Canadian Technician Webinar at 5 PM EST on Tuesday, February 9th. Click on the link to register. The Canadian Technician Live 20160209.
The Utility Sector has been a safe haven in this storm until today. The Canadian Utility Sector ($SPTUT) got slammed so is this the end of the Utility rally?
I'll cover off a lot more than the utility sector today. There are lots of fast moving pieces.
Below is a chart of the Canadian Financial Sector. $SPTFS. There are numerous problems with this chart. One specific piece to look at is the relative strength of the financials to the $TSX shown in red. This would make it appear that the banks were outperforming dramatically. Let's talk specifically about this on the webinar.
I look forward to seeing you online. Click here to register. The Canadian Technician Live 20160209 at 5 EST.
Good trading,
Greg Schnell, CMT
