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.
Analyst Articles
One of my favorite times to trade a stock is just as it’s breaking out of a base. If there is...
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One of my favorite times to trade a stock is just as it’s breaking out of a base. If there is a clear, definable stop-loss nearby, so much the better since my risk is limited. And when...
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When I arrived in Canada in 1970, one of the first investment maxims I was taught by the old pros...
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When I arrived in Canada in 1970, one of the first investment maxims I was taught by the old pros was, “Put your money in the bank stocks, not the banks.” #-ad_banner-#The point was I...
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Even where I live in Canada, glimpses of bare brown earth are starting to dapple white snow....
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Even where I live in Canada, glimpses of bare brown earth are starting to dapple white snow. It’s not yet time for me to plant my garden, but that moment is not far off. ...
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With the S&P 500 oscillating around the psychologically important 2,000 level, I remain...
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With the S&P 500 oscillating around the psychologically important 2,000 level, I remain cautiously optimistic about the market’s outlook. In this uncertain environment, I’m looking to...
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Since the S&P 500’s all-time high of 2,093.55 on Dec. 29, the index is off 1.5% in just...
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Since the S&P 500’s all-time high of 2,093.55 on Dec. 29, the index is off 1.5% in just seven trading sessions. And that performance includes the bounce-back rally of Wednesday and...
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Retailers rallied Thursday on news that retail sales increased by the most in eight months, rising...
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Retailers rallied Thursday on news that retail sales increased by the most in eight months, rising 0.7% in November. These gains were mainly attributed to lower fuel prices and rising employment...
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Retailers rallied Thursday on news that retail sales increased by the most in eight months, rising...
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Retailers rallied Thursday on news that retail sales increased by the most in eight months, rising 0.7% in November. These gains were mainly attributed to lower fuel prices and rising employment...
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In “One Up on Wall Street,” Peter Lynch told investors that a key principle for finding...
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In “One Up on Wall Street,” Peter Lynch told investors that a key principle for finding winning stocks is selecting companies whose businesses are not particularly sexy or exciting....
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Now is not the time to be taking imprudent risks in the market. True, the S&P 500 has rebounded...
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Now is not the time to be taking imprudent risks in the market. True, the S&P 500 has rebounded strongly from its mid-October lows. But the September peak at 2,019 may present formidable...
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This is a stock you wouldn’t have wanted to own when the tech bubble burst in early 2000. In...
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This is a stock you wouldn’t have wanted to own when the tech bubble burst in early 2000. In that era, it plummeted more than 95% from a February 2000 peak near $73 to a July 2002 all-time low...
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