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 S&P 500 finally managed to close above the psychologically important round number of 2,000... Read More
The S&P 500 finally managed to close above the psychologically important round number of 2,000 last week. However, on both the daily and weekly chart, there is troublesome momentum divergence,... Read More
Although Canadian bank stocks fared extremely well after the 2008-2009 financial meltdown, their... Read More
Although Canadian bank stocks fared extremely well after the 2008-2009 financial meltdown, their current outlook is far less sanguine. One stock that seems particularly ripe for a sell-off is... Read More
After a multi-year bull market, the S&P 500 looks ripe for an important correction. During the... Read More
After a multi-year bull market, the S&P 500 looks ripe for an important correction. During the July 21 trading week, the index hit an all-time high just above 1,991. Now, two trading weeks later,... Read More
As an analyst who combines technical and fundamental analysis, I light up when I see a stock with... Read More
As an analyst who combines technical and fundamental analysis, I light up when I see a stock with solid fundamental growth on the verge of a technical breakout. That’s why I’m excited... Read More
Despite its pullback Friday, the S&P 500 continues marching to new all-time highs and is just a... Read More
Despite its pullback Friday, the S&P 500 continues marching to new all-time highs and is just a stone’s throw away from the psychologically significant 2,000 level. #-ad_banner-#In... Read More
One of the most profitable signals for traders to recognize is the break of a major downtrend... Read More
One of the most profitable signals for traders to recognize is the break of a major downtrend line. #-ad_banner-#A major downtrend is defined as one that has been in force a year or more. When... Read More