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| Bill Carrigan of Getting Technical Info Service |
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| Comment | Agnico-Eagle Mines | AEM-T | 39.240 | Got hit with a torpedo mid 2011 when their mine closed. Stock had been weak on a relative basis before this. A serial underperformer. However it is now too far below the 200 day so risk/reward is possibly good. Will probably rally. | 2012-01-27 | ||
| HOLD | Bombardier Inc (B) | BBD.B-T | 4.480 | Chart shows a low in 05 followed by a higher low in 09 and another one in 2011. This is an upward trending channel. Trying to break out. If you believe the recovery is real, you can Buy. Has to reach $5 to really get it going. | 2012-01-27 | ||
| DON'T BUY | Cameco Corporation | CCO-T | 23.730 | Reached its old 2009 low last year but has now violated the downward trend. The big question is, how far will it go. The whole uranium sector was upgraded by a few institutions and a lot of money ran into it. Daily charts would indicate it has been very much overbought. | 2012-01-27 | ||
| TOP PICK | Encana Corp | ECA-T | 19.580 | He is looking at a 9-month 5 wave bear. Chart for 2011 shows one of the worst extreme bears he has seen in a large cap energy stock. Too much deviation from the 50 and 200 days, so is clearly oversold. | 2012-01-27 | ||
| WATCH | Inter Pipeline Fund | IPL.UN-T | 17.320 | Chart shows an uptrend from 2009 and it is still advancing but might be suffering a little from the trend away from safety. The 50 day is rolling over and is trying to trade back down to the 200. Watch the 50 day and see what happens. Relative strength is rolling over also. | 2012-01-27 | ||
| HOLD | Keyera Corp | KEY-T | 45.730 | 200 day is still rising so it is still in an uptrend. If you are a long term investor, it’s fine. If a short term investor, you’ve already been in a bit of a correction. It’s back down to the 50, which is trying to roll over. | 2012-01-27 | ||
| Comment | Coca-Cola Company | KO-N | 67.440 | Doesn’t think you will get hurt in this. Doesn’t see any upside or downside in this. 2.8% yield. | 2012-01-27 | ||
| TOP PICK | Linamar Corp | LNR-T | 16.660 | Auto industry is doing well and rather than buying auto companies, let’s Buy companies that sell into that. Chart shows a small symmetrical triangle and it is breaking out. Just above the 50 and is trying to run through the 200. RSI is just turning up. | 2012-01-27 | ||
| TOP PICK | Shawcor Ltd. (A) | SCL.A-T | 29.670 | Chart shows an inverse head and shoulders and it is just breaking above the neckline. Thin trader so you have to be patient. | 2012-01-27 | ||
| HOLD | Viterra Inc | VT-T | 10.250 | There was some noise over the Cdn Wheat Board’s recent decision, which probably hurt it a bit. Thinks the worst is over. He is currently getting interested in the agriculture space. | 2012-01-27 | ||
| HOLD | Trican Well Service Ltd. | TCW-T | 16.350 | Sector got frightened by the massive drop in natural gas and then there was the announcement by companies that they were going to reduce production. Chart is now showing a higher low. You should be okay with this. | 2012-01-27 | ||
| Comment | Telus Corp | T-T | 56.130 | US Telcos are getting tired and this will sp[read to the whole sector. If you own, consider reducing your holdings unless you are in it for the yield. Feels the capital return is over. | 2012-01-27 | ||
| DON'T BUY | Wi-Lan Inc. | WIN-T | 5.400 | Not fussy about companies that make their living by litigation. The short term on this is not too exciting. It has traded below the 200. | 2012-01-27 | ||
| PAST TOP PICK | iUnits S&P/TSX Energy ETF | XEG-T | 17.700 | (A Top Pick Sept 30/11. Up 17.84%.) S&P/TSX Energy ETF. Chart shows the stock violated the down trend and there is a higher low. | 2012-01-27 | ||
| Comment | SPDR Gold ETF | GLD-N | 168.970 | Gold ETF. Tracks physical gold. Chart shows a nasty A, B, C down which is now over. This is above the 200 day and is rising. | 2012-01-27 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. Believes we are in a bull market. NYSE advance/decline line has broken out. Dow is now at its old peak of 2011. Chart shows a pivot point occurring at the end of October. Ance we clear the pivot point, it is an indication that the bull is assured. Expects there will be a little bit of selling but it should not be very aggressive. It could meander sideways for a couple of weeks. | 2012-01-27 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Semiconductor industry. Rose about its pivot point this week. It will probably sell down a bit for a few weeks and then start moving again. After that, the upward trend should start again. | 2012-01-27 | ||
| Comment | Quadra FNX Mining Ltd | QUX-T | 15.020 | Being acquired by KGHM out of Warsaw at $15 a share. His experience has been that if you are fortunate enough to be in the stock is being taken over is to take your money and run. | 2012-01-27 | ||
| Comment | Canfor Pulp Products | CFX-T | 13.880 | Chart is showing a trend change. Yielding 11% so this makes him nervous. | 2012-01-27 | ||
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| Comment | Fortress Paper | FTP-T | 32.950 | Chart shows it had a down trend and it is breaking out. | 2012-01-27 | ||
| HOLD | Trinidad Drilling Ltd | TDG-T | 6.630 | Sector got frightened by the massive drop in natural gas and then there was the announcement by companies that they were going to reduce production. Chart is now showing a higher low. You should be okay with this. | 2012-01-27 | ||
| BUY | PetroBakken Energy | PBN-T | 15.250 | Had a down trend until Oct/11. Had a first advance in October followed by a Wave Elliot. These 3rd waves can go on for quite a while. Could go to about $18 followed by another correction. | 2012-01-27 | ||
| PAST TOP PICK | BMO NASDAQ 100 Equity Hedged-Cdn$ | ZQQ-T | 18.970 | (A Top Pick Sept 30/11. Up 14.51%.) NASDAQ 100 Equity Hedged-Cdn$ ETF. If you look at a point and figure, it’s a pure blue sky. There might be a couple weeks of congestion and then should start to move higher again. | 2012-01-27 | ||
| PAST TOP PICK | BMO Equal Weight US Banks Hedged to CAD Index ETF | ZUB-T | 12.020 | (A Top Pick Sept 30/11. Up 22.17%.) Equal Weight US Banks Hedged to CAD Index ETF. US banks had been oversold. Chart shows a double bottom and the stock has broken above the pivot point. | 2012-01-27 | ||
| Comment | Alcoa | AA-N | 9.160 | They will be announcing on Monday after the bell, so it will be interesting. Technicians will be interested in how the stock reacts to the news. The key to this one is to see how it reacts. | 2012-01-06 | ||
| TOP PICK | Barrick Gold | ABX-T | 48.870 | He is not a gold bug but this is a huge miner and is now a copper producer. Have a lot of cash. Chart shows there is an uptrend in place. The higher low in December is very bullish. Is looking for the stock to reach an all-time high. | 2012-01-06 | ||
| TOP PICK | Bombardier Inc (B) | BBD.B-T | 4.160 | The big fundamental story with this is that you are getting the rail side and the aerospace is just thrown in for free. Like the industrial space. A Canadian multi national that has global exposure. | 2012-01-06 | ||
| TOP PICK | Cisco | CSCO-Q | 18.850 | This is a critical stock for the global technology story. Using a mean of $20, they have spent the last 10 years trying to get over $20, failing, trying to get over $20, failing. It has done this 3 times. If it gets above $20, because this is the 4th time, it should go much higher and take the entire sector with it. | 2012-01-06 | ||
| PAST TOP PICK | Encana Corp | ECA-T | 19.260 | (A Top Pick Apr 1/11. Down 40.7%.) A nasty chart and he would not add to the position. | 2012-01-06 | ||
| HOLD | Goldcorp Inc | G-T | 45.200 | Not really enamoured with the gold space but this company is fine. The stock is still in an uptrend and is currently at the bottom of its channel. If you want to get into this, this would be the time. This one tends to be favoured by the institutional crowd so this is the one they will want to own. | 2012-01-06 | ||
| Comment | Magna Int'l. (A) | MG-T | 37.280 | Things global growth is on track and the US economy is turning. So this is a company that he likes. Chart is not over convincing. Shows an A B C and he wants the current price to be a low. | 2012-01-06 | ||
| HOLD | Oracle | ORCL-Q | 26.930 | Technology is the right house and the stock is in the right neighbourhood. Even though it may not be one of the better performers, it is still going to be dragged up by the enthusiasm of the sector. There are others that he would prefer but if you are here, it is fine. | 2012-01-06 | ||
| Comment | Sherritt International Corp. | S-T | 5.970 | Most of the base metal companies are performing rather well. The downtrend line on the stock has finally been broken. | 2012-01-06 | ||
| Comment | Suncor Energy Inc | SU-T | 31.550 | When you are involved with the oil sands, these particular companies are very leveraged to the price of crude. He wouldn't classify them as a long-term buy and hold. You have to trade them. If you entered it now, it would probably be a trade for 2-3 months. Then take at least half off. | 2012-01-06 | ||
| DON'T BUY | Talisman Energy | TLM-T | 12.680 | It is still a disappointing chart. It has not shown that it wants to reverse. This company has a lot of moving parts and he feels this is what bothers the market. There are probably other better energy stocks to be in. | 2012-01-06 | ||
| DON'T BUY | Yellow Media Inc | YLO-T | 0.230 | This is something you simply stay away from. You get involved with a stock like this and all of a sudden the directors resign and then trading is suspended and you can’t get out. | 2012-01-06 | ||
| Comment | Yamana Gold Inc. | YRI-T | 15.440 | Chart is very good and shows a higher low in December. Relatively speaking, it is performing better than the metal. He would say it works higher plus it is building a symmetrical triangle. | 2012-01-06 | ||
| DON'T BUY | UEX Corp. | UEX-T | 0.740 | Thinks the whole uranium sector is cloudy right now. The only activity might be the scooping up of smaller producers by larger producers. To buy a stock based on this is not really the best reason. Feels there are better places to be. | 2012-01-06 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. We have finished a 6 month mini bear market after a fairly long-term rebound bull market. A rebound bull is a sharp advance from a granddaddy bear, the 08-09 crises. This rebound bull traces out a perfect Elliott Wave, which are 5 waves. We have had an A, B C correction. We are now in the early stages of a bull market. We do need some leadership, which will be US financials, industrialists and absolutely technology. | 2012-01-06 | ||
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| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Fear factor. He is measuring Dow Industrials vs. TLT 20-year Treasury Bond. As fear increased in the early part of last year, prices were falling. With the TLT we have the same fear level but the prices are much higher, the divergence between price and fear. Market is saying the fear is likely to abate. He wants the TLT to roll over. | 2012-01-06 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold. A-B-C Correction in Gold chart shows a long-term primary trend line, which goes back to 2004. It shows the A wave down followed by the B rally followed by the C wave. What is interesting about this C wave is that it subdivided and he expects that this is probably it. Expect gold will rally but keep in mind that it is still over loved and a crowded trade so don't go overboard. | 2012-01-06 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil. Origin of the current uptrend in crude is around 2001-2002. Chart show that we are in a 4th wave correction and are almost done and is now trying to break out. We may run up to the old peak of $147 in the next 1-1.5 years. That could end crude’s large secular uptrend. Energy stocks may outperform. Usually in a 5th wave advance, there is a lot of bullishness, which is great but sometimes fundamentals can deteriorate. Test will be “will crude make a new high”. He thinks unlikely. Thinks oil stocks will lead this advance. He would prefer oil service stocks and the integrateds. | 2012-01-06 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Natural gas. Still hasn't formed a bottom. This year's weather has created a lot of problems. It could drag on for a while yet. Long-term, it is probably a good theme but if you are going to look at natural gas, you have to look for the infrastructure i.e. companies that are building pipelines and LNG for export. | 2012-01-06 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Employment. US Non-Farm Payrolls chart’s pattern is quite bullish. There was a consolidation up to 2008 followed by a breakdown. It then rallied back to above the support line. He feels it is forming a symmetrical triangle and is trying to break out to the upside. This is a very bullish chart. | 2012-01-06 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Silver. Chart shows a very complicated correction. It had its spike in March reaching $49. In August, quite high while silver was down at $43, which he feels was an early warning on precious metals. Chart shows a very serious 5 wave correction. It is now back to the support level of about $27 and he thinks the correction is probably over for now. The equity side is probably a better trade. | 2012-01-06 | ||
| Comment | Silver Wheaton | SLW-T | 30.920 | Displaying good relative performance across 2011. If it moved above $36, that would be the breakout. If you want to be in silver, this is probably your bellwether. | 2012-01-06 | ||
| PAST TOP PICK | iShares S&P Global Timber & Forestry ETF | WOOD-Q | 37.745 | (A Top Pick Apr 1/11. Down 24.84%.) Sold his holdings, but feels we may have a bottom here. If you sold it, it might be interesting to reenter. | 2012-01-06 | ||
| PAST TOP PICK | BMO Equal Weight Bank ETF | ZEB-T | 16.770 | (A Top Pick Apr 1/11. Down 9.58%.) Still a Buy. Wrote to the upside on the down trend line. | 2012-01-06 | ||
| BUY | Canadian Oil Sands | COS-T | 20.390 | Where punished when they moved from being a trust. Chart shows a 5 stage drop this year. It is so low here, it is entering the space of the last bottom in 2009. Stock has been totally washed out so probably not a bad place to be. On a short-term daily chart, he sees a falling wedge, which is quite bullish. | 2011-09-30 | ||
| HOLD | Labrador Iron Ore | LIF.UN-T | 33.060 | Chart looks favourable as it has stayed pretty steady between $40 and $32. | 2011-09-30 | ||
| PAST TOP PICK | Manulife Financial | MFC-T | 11.940 | (A Top Pick Aug 19/10. Down 0.04%.) All that is needed is for the rates to stop going down. | 2011-09-30 | ||
| Comment | Potash Corp of Saskatchewan | POT-T | 45.500 | Chart shows it was holding quite well at around $52 and just recently had a drop. He tends to think this is a false move. Feels it is in an uptrend. | 2011-09-30 | ||
| Comment | Suncor Energy Inc | SU-T | 26.760 | One of the worst performers. Now entered the space of the 09 consolidation. Not too many energy stocks have done that. Try to find energy stocks that have found support at the 2010 lows instead. If you want to play energy, he would suggest you just play the S&P/TSX Energy ETF (XEG-T). (See Top Picks.) | 2011-09-30 | ||
| Comment | A T & T US | T-N | 28.520 | Has a messy uptrend, but an uptrend nonetheless. In a sector that has been in favour. Bottom is in place and in the sector that is in favour right now. | 2011-09-30 | ||
| TOP PICK | iUnits S&P/TSX Energy ETF | XEG-T | 15.130 | S&P/TSX Energy ETF. Energy has been beaten up and is all the way down to the levels of 2009. To him it is a gift. | 2011-09-30 | ||
| PAST TOP PICK | DuPont | DD-N | 39.970 | (A Top Pick Aug 19/10. Up 2.65%.) Extremely commodity sensitive. This is a Buy in here. | 2011-09-30 | ||
| DON'T BUY | Crew Energy Inc. | CR-T | 9.280 | Broader market topped out in April but this one topped out before. This was typical of a lot of energy stocks. Chart shows an A, B, C pattern but he doesn't see any support at this level. Wait for the sector starts to improve. | 2011-09-30 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. We’re probably halfway through the up leg of a new bull market. Dow theory states that averages must confirm. Dow internally is stronger now than it was on August 8. Fibonacci Retracement on Dow has retracement of about 38% but on TSX it is about 50%. | 2011-09-30 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | S&P 500. Chart shows a rebound bull (from the bear) market from the beginning of 2009 up to early 2011. Rebound bulls are sometimes followed by short bears. Current low is around the corrective period of about a year ago and thinks it will find support here. | 2011-09-30 | ||
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| DON'T BUY | Daylight Energy Ltd | DAY-T (Dead) | 5.300 | Current low is an important one and matches the one in 2009. Chart shows the stock has been in trouble for a while. Market clearly does not like this one. | 2011-09-30 | ||
| Comment | Mrk Vectors Gold Miners ETF | GDX-N | 55.190 | Gold Miners ETF. Chart shows a strong rise from 2008 up towards the end of 2010 and it is now trading in a range. You should split fold into two groups such as S&P/TSX Global Gold (XGD-T), the big caps and the juniors. Juniors don't look quite as good. He favours the gold stocks. | 2011-09-30 | ||
| Comment | Pengrowth Energy | PGF-T | 9.470 | Yield of over 8% and you always want to be suspicious when you see yield like this. You have to do some fundamental homework to see what the payout is. Would be very careful. | 2011-09-30 | ||
| HOLD | Extendicare REIT | EXE.UN-T | 7.030 | Chart shows an upward trend line that is broken at around $10. Have some US exposure at had some negative regulatory news recently. Even if the markets improve, this may not but he would stay with it for a while. | 2011-09-30 | ||
| HOLD | Lundin Mining Corp. | LUN-T | 3.650 | The drop this year is strictly a US rally, which is damaged most of the copper stocks. Expects the worst is over for copper. If you are in it, stay. | 2011-09-30 | ||
| HOLD | Morguard Corporation | MRC-T | 71.000 | This has been a beneficiary of a lot of money moving into utilities, REITs, etc. Chart shows a terrific uptrend. If you are long, stay long. | 2011-09-30 | ||
| PAST TOP PICK | Claymore Global Agriculture ETF | COW-T | 18.560 | (A Top Pick Aug 19/10. Down 1.78%.) Still likes the agriculture sector. | 2011-09-30 | ||
| Comment | B2Gold Corp. | BTO-T | 3.900 | When you have a stock that is going up on the charts like this one, on a relative basis it is doing better than its peers. Sees no problems. | 2011-09-30 | ||
| TOP PICK | BMO NASDAQ 100 Equity Hedged-Cdn$ | ZQQ-T | 16.620 | NASDAQ 100 Equity Hedged-Cdn$ ETF. You're not going to have a US bull market unless you have financials and technology. This is the easiest way to do it for Canadian accounts. | 2011-09-30 | ||
| TOP PICK | BMO Equal Weight US Banks Hedged to CAD Index ETF | ZUB-T | 9.900 | Equal Weight US Banks Hedged to CAD Index ETF. If we are in the early stage of a new bull market, it is not going to happen unless the banks go. US banks have been deeply oversold. Point and figure charts shows we are still in to support. | 2011-09-30 | ||
| Comment | Agrium | AGU-T | 79.080 | Stock has completed an ABC formation and he is sure it will have a bounce. He would suggest that you don't go too much overweight in commodities. If you want to get involved in the recovery, you'll probably see money going into stocks that had been really beaten up. This would include technology and financials. | 2011-08-05 | ||
| HOLD | Aecon Group Inc | ARE-T | 8.410 | This was an infrastructure story and everybody bought into it but it didn't work out. Chart shows a very complicated correction but you are now at a higher low so he would stay with it. | 2011-08-05 | ||
| Comment | Caterpillar | CAT-N | 90.990 | A number of Dow industrial stocks, including this one, Had an intraday reversal. (Early weakness followed by strength during the day.) | 2011-08-05 | ||
| TOP PICK | Cameco Corporation | CCO-T | 23.780 | Oversold in that there was too much deviation from the mean. The deviation was over 20%. | 2011-08-05 | ||
| HOLD | Kirkland Lake Gold | KGI-T | 14.270 | This has one of the better looking charts. Has pulled back a bit, but as long as gold keeps marching, it should do fine. | 2011-08-05 | ||
| PAST TOP PICK | Manulife Financial | MFC-T | 13.670 | (A Top Pick Aug 19/10. Up 15.38%.) Chart shows a low in 09 and another one in 2010 but the second one was a higher low. Has been dropping in 2011 because of QE2, which has put pressure on interest rates. Keep an eye on the US 10 year and watch for the yield to get back up through 3%, 3.5% and so on. Still a Hold. | 2011-08-05 | ||
| TOP PICK | Research In Motion | RIM-T | 22.910 | Has deviated so much from the mean that it is a screaming buy. It is almost 50% below the 200 day moving average. | 2011-08-05 | ||
| Comment | Westshore Terminals Inc. | WTE.UN-T | 21.170 | Has had a linear up trend from 09 but finally broke back down. Expects it will rally back. The UP is probably over but doesn't expect it will collapse. | 2011-08-05 | ||
| TOP PICK | Lake Shore Gold | LSG-T | 2.050 | Deviation from the mean was approaching over 40%. | 2011-08-05 | ||
| PAST TOP PICK | DuPont | DD-N | 47.270 | (A Top Pick Aug 19/10. Up 20.48%.) | 2011-08-05 | ||
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| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | 5 Stage Elliott Wave Theory. In a bull market, you have an advance of 5 waves and this is followed by an ABC correction that is usually short, relatively mild and fast. This is where we are now. At the peak, investors are most bullish but when you get to the bottom at the C, there is always fear and panic. He feels we have now hit our low. The current low is at the support of the 2nd peak so he is expecting to find a lot of support. | 2011-08-05 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Darvas Box? This is just a matter of studying a list of the 52-week highs. He does this a lot but he wants to see those that have just hit the 52-week high because the 1st one is probably not going to be the last one. | 2011-08-05 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold. Everyone is wondering why gold stocks are not keeping up with the price of gold. Has been in a linear rally since 2000-2001. In the early stages, smaller gold stocks outperformed the metal. In the middle stages of the advance, mid caps and big caps came on. In the later stages, the advances are muted. Mid-tier producers are going to do well. | 2011-08-05 | ||
| PAST TOP PICK | Claymore Global Agriculture ETF | COW-T | 19.840 | (A Top Pick Aug 19/10. Up 5%.) | 2011-08-05 | ||
| Comment | Agrium | AGU-T | 78.010 | Has just had a higher low so thinks its correction period is over. Potash (POT-T) looks stronger. The sector is healthy. | 2011-06-17 | ||
| HOLD | ATS Automation | ATA-T | 7.250 | Chart shows a huge symmetrical triangle for about 1.5 years across. This is basically a gunfight between bulls and bears. There has been a breakout on the upside, which is very bullish. | 2011-06-17 | ||
| TOP PICK | Bombardier Inc (B) | BBD.B-T | 6.980 | Likes global industrials. This is one of our few Canadian global multi-nationals. Chart is fabulous. Recently had a flat correction, which is very bullish. | 2011-06-17 | ||
| HOLD | Cameco Corporation | CCO-T | 23.330 | Got hurt badly with the Japanese nuclear problem. This has been deeply oversold, so far beneath the 200 day that it is mathematically impossible to go any lower. Support on a point and figure is around $23. | 2011-06-17 | ||
| BUY | Canadian Imperial Bank of Commerce | CM-T | 77.160 | Has completed an A B C correction and the trend line is intact. Has a lot of volume. Thinks it goes higher. | 2011-06-17 | ||
| TOP PICK | General Electric | GE-N | 18.490 | A huge industrial conglomerate that is another plan (?) on global recovery. Has been a laggard. If it can get above about $21, stock will work higher. | 2011-06-17 | ||
| BUY | Goldman Sachs | GS-N | 137.230 | A key financial and you can’t have a bull market without financials. Have had 5 down corrections and is now back at a key support, which he believes will hold. Point and figure shows deep support last year and the stock and the sector should move higher. | 2011-06-17 | ||
| BUY | Goldcorp Inc | G-T | 45.400 | Chart shows an up trend. Gold has been outperforming the stocks and he thinks that is about to change. | 2011-06-17 | ||
| Comment | Laurentian Bank | LB-T | 44.000 | Has had a nasty correction. Will benefit when the banks rally, which he thinks will happen. | 2011-06-17 | ||
| BUY | Magna Int'l. (A) | MG-T | 47.470 | Rallying out of an A B C correction. Very bullish. The industrial space is the place to be. | 2011-06-17 | ||
| Comment | Precision Drilling | PD-T | 12.600 | Oil service stocks have been leaders of the energy sector and still are. Has had an A B C correction that is now completed and the sector should work higher. Still above the 200-day. You want it take out the previous highs. Watch the other drillers to make sure they are moving too. | 2011-06-17 | ||
| Comment | Research In Motion | RIM-T | 27.240 | When in doubt, go the long-term charts. Support was back in 2004-2006 with the median being around $27. The lowest point was $22, so the stock has to stay there. Currently it is at critical support. Had 7 down corrections since 08, which is extreme. If you are going to bottom fish, it would be here. | 2011-06-17 | ||
| BUY | Toronto Dominion | TD-T | 78.310 | Had an A B C correction and is sitting right on the 200 day and thinks it will hold. Financials have to participate in any bull market and he expects one for the next 2 years. | 2011-06-17 | ||
| HOLD | Teck Resources Ltd. (B) | TCK.B-T | 43.660 | Has had a very complicated period this year but looking at a longer term, the 200-day is still rising. On a point and figure chart it is right in deep support. Correction should be over for this one. | 2011-06-17 | ||
| DON'T BUY | Yamana Gold Inc. | YRI-T | 11.040 | Has been a serial under performer for quite a while. If you are going to get involved with gold stocks, try to avoid the ones that seem to be perpetual under performers. If you own, don’t let it go much below $11. | 2011-06-17 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. In the midst of a stock correction that actually began mid-March. 14-16 weeks is the average for an intermediate correction. Just a normal mid-term correction in the context of an ongoing bull market. You are not going to get a bear during a US election year. The origin of the bull market was in March/09 and a trend line across the lows shows no violation. | 2011-06-17 | ||
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| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Natural Gas. Has been going down for a long time and technically it has stopped doing that. Has broken up through the major downtrend line. He knows it is going to go higher but not when. | 2011-06-17 |
