Melvin Pasternak, Ph.D., is an experienced market technician. He designed a course for TD Waterhouse titled "Winning in the Stock Market," which combined intensive technical and fundamental analysis to uncover how to profitably beat the market. Dr. Pasternak was a professor at the Mount Royal University in Calgary, Alberta, for more than 25 years. In 2006, after retiring, he published his book on candlestick charting, 21 Candlesticks Every Trader Should Know. Due to his trading expertise, he has been interviewed several times by CBC Radio-Canada and the Calgary Herald.
The roughly 70% drop in oil prices in less than two years has claimed many victims. The economies... Read More
The roughly 70% drop in oil prices in less than two years has claimed many victims. The economies of entire countries such as Nigeria and Venezuela have been devastated. Shale oil boom towns like... Read More
Most investors are aware that the tech-heavy Nasdaq has a tendency to lead the market both up and... Read More
Most investors are aware that the tech-heavy Nasdaq has a tendency to lead the market both up and down, and the current sell-off is no exception. The Nasdaq Composite is off more than 15% from its... Read More
Tech stocks often lead the market down, and the current decline is no exception. Just two weeks... Read More
Tech stocks often lead the market down, and the current decline is no exception. Just two weeks into the new year, the S&P 500 is down 8%, which is substantial, but not as big as the tech-heavy... Read More
One of the most exciting technical events is when a prolonged downtrend line is broken to the... Read More
One of the most exciting technical events is when a prolonged downtrend line is broken to the upside. First, this technical behavior signals a reversal in trader expectations from negative to... Read More
Last month, the world mourned terrorist attacks in Paris that left 130 dead. In the wake of the... Read More
Last month, the world mourned terrorist attacks in Paris that left 130 dead. In the wake of the attacks, the State Department issued a global travel alert for U.S. citizens — an action that was... Read More
While companies like Google (Nasdaq: GOOGL) and Apple (Nasdaq: AAPL) are experimenting with the... Read More
While companies like Google (Nasdaq: GOOGL) and Apple (Nasdaq: AAPL) are experimenting with the first self-driving cars, completely autonomous vehicles are probably at least a few years out. However,... Read More
This stock is on the wrong end of a fading trend. In 2010, customers couldn’t buy enough of... Read More
This stock is on the wrong end of a fading trend. In 2010, customers couldn’t buy enough of this company’s then-chic watches, jewelry, belts and sunglasses. Today, sales are declining... Read More
Although the S&P 500 has made a substantial recovery off its late-August lows, the technical... Read More
Although the S&P 500 has made a substantial recovery off its late-August lows, the technical condition of the broader market is still shaky. For starters, the death cross (200-day moving average... Read More
You might think we are crazy for going long a stock that has posted revenue declines in 15 of the... Read More
You might think we are crazy for going long a stock that has posted revenue declines in 15 of the past 16 quarters — a stock that has also underperformed the S&P 500 by 24 percentage points... Read More
As a trader, I usually look for companies that are home-run hitters in terms of earnings growth.... Read More
As a trader, I usually look for companies that are home-run hitters in terms of earnings growth. But with great reward comes greater risk, and such companies can also strike out. In a panicky market... Read More