There may be 33 million people in Canada. All of them, and perhaps most of the world’s citizens, may have cheered the country's gold medal victory over the Americans in the 2010 Winter Olympics.

Yet investors have been cheering Canada on for years with iShares MSCI Canada (EWC) outperforming the S&P 500 SPDR Trust (SPY) in the previous decade. In other words, the decade may not have been entirely “lost” for those who ventured north of the border.

Brick charts can make visualizing support, resistance and trends easier to interpret than daily price charts, by filtering out some of the noise in price fluctuations.

The traditional name is “Renko” charts, which was translated into English as “brick”.

The volume of share trading for key index funds is going down while the price is going up. Should we say the smart money is quietly accumulating shares, or should we say that the smart money is on the sidelines while the dumb money pushes prices higher?

TrimTabs reported that mutual fund cash positions are very low at about 3.6% after an unusual reduction in cash positions in the past month. When mutual fund managers unload cash, markets generally go up.