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

With Apple (Nasdaq: AAPL) going gangbusters and lifting many other tech firms with it, the S&P Global Technology Index Fund (NYSE: IXN) may be a great idea. IXN’s assets are weighted toward large-cap global tech companies. Other top holdings include Microsoft (Nasdaq: MSFT), IBM (NYSE: IBM)… Read More

Companies focusing on steady growth face a real challenge: recent massive cost-cutting may have boosted bottom-line results, but as economic growth is likely to remain tepid in coming years, it will be hard to keep showing impressive year-over-year gains. At this point in previous economic cycles, management teams have historically… Read More

It certainly looked good on paper, but Citigroup’s (NYSE: C) ambition to acquire its way to global dominance as a one-stop shop for clients seeking banking, insurance, investment and just about any financial advice imaginable, has miserably failed. A corporate umbrella that spanned Travelers (NYSE: TRV) and its famous… Read More

Everyone likes a good stock tip: a hot new Internet company, a disruptive technology, an acquisition rumor — anything that gets the adrenaline pumping. This type of hearsay-based buying and selling can net investors a buck or two now and then, but rest assured, someone already knows what you know… Read More

In last month’s ETF Authority newsletter, I shared the news with readers that more than 60 new exchange-traded funds (ETFs) launched during the past three months. That means issuers are pumping out nearly one new fund every trading day. As you can see… Read More