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
Even in this recent bull market spurt to new all-time highs, the run-up in Google’s (Nasdaq: GOOG) share price is dramatic. Since the beginning of the year, the stock has gained almost 13%. On March 6, Google hit… Read More
With tax time less than one month away, if you’re like many who prepare their own returns, you may be struggling to meet the April 15 deadline. According to the National Taxpayer Advocate’s 2012 Annual Report to… Read More
Chart Pattern Predicts This Stock Could Rise 49% by Year-End
February 20, 2013
From a technical analysis standpoint, the chart of Safeway (NYSE: SWY) excites me. First, shares of the second-largest U.S. grocery-store chain have just broken a major downtrend line that dates back… Read More
Biotech stocks have a history of volatile moves, but the swings in this issue could make the calmest trader seasick. Between April 2009 and April 2010, biotech stock Dendreon (Nasdaq:… Read More
Biotech stocks have a history of volatile moves, but the swings in this issue could make the... Read More
Biotech stocks have a history of volatile moves, but the swings in this issue could make the calmest trader seasick. Between April 2009 and April 2010, biotech stock Dendreon (Nasdaq:… Read... Read More
Get Ready To Be Surprised This Earnings Season – Screen of the Week
January 15, 2013
You don’t often find a stock with a 7.7% dividend yield in this income starved environment. When it’s supported by a bullish technical outlook and solid fundamentals, you know it’s likely… Read More
How To Retire Without Worrying About Social Security
November 19, 2012
It’s probably the most important retirement question you can ask. But, unfortunately for you and for financial advisors, there’s no right way to answer it. The question is: How should I allocate my assets? Your decision may mean the difference between relaxing on… Read More
Amid talk of a “fiscal cliff,” there is at least one bright spot on the U.S. economic horizon: Consumer spending. In October, consumer spending saw its largest gain in half a year, rising 0.8% from the previous month, while income growth notched up… Read More