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| John Manley of Innovative Options Group |
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| TOP PICK | SPDR Gold E.T.F. | GLD-N | 68.400 | This is a play on the bullion. As the markets have been breaking out into new highs, gold has been doing so also. Technically it looks like it is going to have an ascending triangle break out. Looking for gold to challenge its previous highs of $720. | 2007-04-16 | ||
| TOP PICK | Chicago Mercantile Exchange | CME-N | 558.740 | This is the exchange that trades futures and options. They are in a bid now to buy the Chicago Board of Trade. Sees the consolidation in this area being very positive. Thinks the next resistance level is $580. Earnings come out on April 24, so wait for that. Because it is expensive, he would play it with options. | 2007-04-16 | ||
| TOP PICK | Goldman Sachs | GS-N | 214.520 | Has been weak against the markets but broke out quite strongly today. This is a short-term buy. | 2007-04-16 | ||
| PAST TOP PICK | JP Morgan | JPM-N | 49.970 | (A Top Pick Jan 24/07. Down .07%.) Showing a reverse head and shoulders pattern and has broken above the neckline, so it may have little more room to run. | 2007-04-16 | ||
| PAST TOP PICK | SPDR Energy E.T.F. | XLE-N | 63.420 | (A Top Pick Jan 24/07. Up 9.5%.) This is broken out with the oils. Very over bought at this time. | 2007-04-16 | ||
| BUY | Bank of America | BAC-N | 51.230 | US banks had a hard time because of the sub prime mortgage situation. Chart shows a double bottom in March with a higher high. Technically it says the downturn is over for a while. You could enter now for a short-term trade. | 2007-04-16 | ||
| WAIT | GOOG-Q | 474.270 | Likes as a long-term play. Broke out quite heavily above its recent consolidation period, which could indicate a new trend beginning. He sees a near-term resistance of about $480. Earnings are coming out on the 19th, so would stay away until after that time. | 2007-04-16 | |||
| BUY | Yamana Gold Inc. | YRI-T | 17.230 | Technically, the long-term trend line is intact and it looks fairly healthy. | 2007-04-16 | ||
| BUY on WEAKNESS | Pfizer Inc | PFE-N | 26.940 | Looks like it is in the process of breaking the downtrend. That was established with the recent higher lows. If you own, he would Hold. | 2007-04-16 | ||
| HOLD | Stillwater Mining Co. | SWC-N | 14.810 | It is just now at its resistance point and he would like to see it breakthroughs that. The next resistance point could be quite high. Look for low-risk entry points to accumulate. | 2007-04-16 | ||
| Comment | General Motors Corporation | GM-N | 32.570 | Has had support around $29 and completed a double bottom in March. There is a higher low. Might be considered as a tradable instrument, but not a long-term Hold. Very volatile. | 2007-04-16 | ||
| PAST TOP PICK | HOLDRs Oil Services | OIH-N | 155.500 | (A Top Pick Jan 24/07. Up 14%.) Oils have done quite well and continue to do well. In the short term, it's a little over bought. | 2007-04-16 | ||
| WATCH | Openwave Systems Inc | OPWV-Q | 8.470 | The chart shows it has been consolidating and has been in a narrow channel for some time. Could be OK for trading. When it gets down to its support line, you could take a position. Doesn't see any catalyst for it to break out. | 2007-04-16 | ||
| WEAK BUY | Yahoo! | YHOO-Q | 31.610 | Fairly expensive at 61 X earnings. Has a weekly resistance around $34 and daily resistance around $32. If it does break through $32; he wouldn't expect it to go more than $34. He calculates a 2 for 1 reward risk. | 2007-04-16 | ||
| WATCH | Research In Motion | RIM-T | 150.070 | Just came out with earnings last week and the stock was down. Shown some support around $125 but is still a little weak. Would look for a hold at the support line and if it did turnaround there, he would enter a small trade there looking for a tradable bounce. | 2007-04-16 | ||
| Comment | JDS Uniphase (US) | JDSU-Q | 15.550 | Been in a downtrend and now seems to be forming a base. If there is some space between where the relative support is and where the downtrend line intersects, there may be opportunity for short-term trade. If it breaks the downtrend line with some good volume, it may be setting up for a new base building. | 2007-04-16 | ||
| DON'T BUY | Advanced Micro Devices | AMD-N | 13.520 | On fundamentals, came out with some disappointing guidance. Technically, his bias is definitely to the downside. | 2007-04-16 | ||
| Comment | General Electric | GE-N | 35.360 | Recent earnings were quite good. Had a big run-up in December, took it all back, found support around $34, and bounced off that. Feels it is just being the bellwether that it is. Looks like it is ready to carve out a higher low, so wait for this. | 2007-04-16 | ||
| BUY on WEAKNESS | iShares US Healthcare E.T.F. | IYH-N | 70.680 | Likes this area. Going forward, it will be a defensive space. Broke out past its previous resistance point. If you own, Hold. You could add to that on pullbacks. | 2007-04-16 | ||
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| Comment | Starbucks | SBUX-Q | 31.050 | Showing a lot of support in the $29.30 area. The relative strength versus the overall markets on a weekly and daily basis is still quite weak. If it broke through the trend line you could enter a short-term trade and then trail yourself up as it moves higher, but wouldn't risk more than $1. | 2007-04-16 | ||
| HOLD | BASF AG | BF-N | 123.280 | Wouldn't add to it at this point as it has had a big run. Generally there is some kind of a pullback on these runs. | 2007-04-16 | ||
| Comment | Amgen Inc. | AMGN-Q | 59.650 | From a technical perspective, he would look for it to carve out a double bottom, or a higher low. | 2007-04-16 | ||
| BUY | Proctor & Gamble | PG-N | 63.730 | Analysts have target around $73.59. It looks like resistance is around the $65 area. Formed a double bottom with the rest of the market in March. Probably has decent prospects going forward. | 2007-04-16 | ||
| BUY on WEAKNESS | Johnson & Johnson | JNJ-N | 63.020 | Analysts have target around the $72 area. Current PE is around 16. Earnings are coming out tomorrow, so hold off until these are released. Doesn't like to play them after they've had their first bounce. | 2007-04-16 | ||
| WATCH | IBM | IBM-N | 97.400 | Great company and has done very well recently. Concerned about the big divergence from the original peak that the MACD shows. Looks like the up trend line has been broken. From an options standpoint, if you like the company and its fundamentals, he would sell puts. Could be a little dangerous on the Long side. | 2007-01-24 | ||
| DON'T BUY | Pfizer Inc | PFE-N | 26.820 | Hard one to play because it's in the drug space and there is a lot of litigation happening. From a trading perspective, this is a dangerous one to play. | 2007-01-24 | ||
| Comment | Talisman Energy | TLM-T | 20.510 | From a technical perspective, this could possibly break out above the $21 range. MACD is just crossing over below the support level. From a trader’s perspective, if he were taking a position, he would define his risk very carefully as to what he would be willing to lose. | 2007-01-24 | ||
| PARTIAL BUY | Countrywide Financial | CFC-N | 41.930 | Looks very healthy from a technical perspective. Has been running at a 45-degree angle since August. If it support level a couple of times but bounced off again. Take a partial position to get your feet wet. | 2007-01-24 | ||
| Comment | NYSE Group | NYX-N | 101.190 | Had a lot of support around and $90-$95 area with a lot of resistance around $110. In a consolidation range. Fundamentally it's a little rich on the P/E, but will be closing their deal with Euronex pretty soon giving a lot of revenue possibilities. From a Put selling perspective, you can capture about 3.5%-4% in 30 days by selling Puts around $90. | 2007-01-24 | ||
| PAST TOP PICK | Newmont Mining (US) | NEM-N | 44.610 | (A Top Short Put Dec 4/06.) Collected his Put premium and the Puts expired worthless. Didn't own the stock so he was ahead by the premium. Likes the stock here. | 2007-01-24 | ||
| TOP PICK | HOLDRs Oil Services | OIH-N | 136.350 | (A Top Short Put Dec 4/06.) Collected his Put premium. He now wants a hedge to the down side so got the stock at about $129 and sold an April $120 Call. It gives him a down side breakeven of about $115. | 2007-01-24 | ||
| DON'T BUY | Nortel | NT-T | 31.310 | Chart shows a bit of a double top. Has a kind of a failed breakout and is pulling back and consolidating right now. The bias is to the up side. From a probability standpoint, the bias is on your side if you are Long. Wait for a pullback before buying. | 2007-01-24 | ||
| HOLD | Focus Media Holding | FMCN-Q | 83.710 | A China play for media advertising. Broke through a downtrend line in October and has made a healthy zigzag up pattern. Looks like it is starting to break out. Buying now would be little riskier because of the big up trend today. | 2007-01-24 | ||
| Comment | Research In Motion | RIM-T | 150.180 | From a technical perspective, it has held its recent low, but it did slip below the 50 period moving average. You could use a spread by buying Puts and selling Puts below that, but you would be locking in your profit range. | 2007-01-24 | ||
| TOP PICK | SPDR Energy E.T.F. | XLE-N | 57.900 | Has been trading in a range between $52 and $62 and will use this to layer Buys. (Ed. I think.) | 2007-01-24 | ||
| TOP PICK | JP Morgan | JPM-N | 50.360 | This is a momentum play. Breaking out to new highs. | 2007-01-24 | ||
| PAST TOP PICK | USG Corp. | USG-N | 57.100 | (A Top Short Put Dec 4/06.) Collected his Put premium and the Puts expired worthless. Didn't own the stock so he was ahead by the premium. Still likes it from a Short Put perspective. | 2007-01-24 | ||
| DON'T BUY | Nexen Inc | NXY-T | 74.770 | Had a big break out in the last little while and is looking very strong. Would be little nervous jumping in at this time. If you are looking a little longer term, Covered Calls could be an interesting concept. | 2007-01-24 | ||
| BUY | CGI Group (A) | GIB.A-T | 8.510 | Broke a downtrend line last fall and then started a new up trend line. Kind of choppy in the way it's going, but has found fairly steady support along the trend line. Starting to break just above its previous resistant point. The MACD is curbing up indicating momentum is to the upside. | 2007-01-24 | ||
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| DON'T BUY | Kingsway Financial Services | KFS-T | 24.310 | Has had a gentle downtrend since October and has formed a bit of a channel. The last little while, it seems to be trying to form a higher low. Has held the 200 day moving average quite well. | 2007-01-24 | ||
| DON'T BUY | Archer Daniels Midland Company | ADM-N | 34.850 | Chart shows a series of lower peaks. If you are looking to go long, wait for evidence that the downtrend is turning around. | 2006-12-04 | ||
| Comment | Qualcom | QCOM-Q | 37.500 | Chart shows the stock has been basing since August in a very tight range. Looks like it is bouncing up to the top end of its range, which is only a dollar or two. Treat as a trade only. | 2006-12-04 | ||
| TOP PICK | Newmont Mining (US) | NEM-N | 47.290 | Likes the gold sector. Fundamentally very strong. On a technical basis, it is in a “cup and handle” pattern. Very strong. Has been using Puts on this one. | 2006-12-04 | ||
| TOP PICK | HOLDRs Oil Services | OIH-N | 146.560 | Has broken out of an “Ascending Triangle” pattern. Wait for a pull back. There is more upside to this one. | 2006-12-04 | ||
| TOP PICK | USG Corp. | USG-N | 56.970 | Manufactures wallboard for the construction industry. Got knocked back pretty hard with the downdraft of the housing market. What’s interesting is that it has been basing since July and Warren Buffet has been accumulating and owns about 20%. Broke out on fairly big volume in the last 2 days. | 2006-12-04 | ||
| Comment | Biovail Corp. | BVF-T | 21.640 | Survived a big crunch in August, has been forming a base and starting to break out. Do some fundamental research to see what’s coming up in the biotech space. From a technical basis, it doesn’t look too bad. | 2006-12-04 | ||
| HOLD | Goldcorp Inc | G-T | 35.550 | A leader in its space. Probably undervalued. Got taken down on an acquisition in September but has been bouncing back up. Getting close to its resistance points. | 2006-12-04 | ||
| BUY | Intel | INTC-Q | 21.220 | On a gradual uptrend. Not a bad entry point. Technology has been very strong. | 2006-12-04 | ||
| DON'T BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Financials: - Doesn’t trade Canada a lot, but from what he sees they have run up quite strongly. In the short term, they seem to be overvalued. | 2006-12-04 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: - Likes gold on a long-term basis. On a short-term basis, it’s had a nice run from $575 to $650. | 2006-12-04 | ||
| Comment | Apple | AAPL-Q | 91.120 | Very strong company. iPod sales and computer sales are gaining ground. Technically very strong. Had a big run up in the last 2 or 3 weeks and has been consolidating lately, which indicates there is not a lot of selling pressure. A little higher to go short term. | 2006-12-04 | ||
| WAIT | Talisman Energy | TLM-T | 19.180 | Nearing its resistance point in the $19.60 area. Analysts have a high target of about $27 and a median target of about $23. In a consolidation period right now. Short term has been over bought, Looking for a pull back, which would be the time to Buy. | 2006-12-04 | ||
| HOLD | Teck Resources Ltd. (B) | TCK.B-T | 89.050 | Breaking out to new highs. Very strong uptrend. Demand for the underlying commodity is very strong. | 2006-12-04 | ||
| HOLD | NYSE Group | NYX-N | 96.050 | A lot of consolidation happening in the exchanges globally. Although it has pulled back recently, it is in a very strong uptrend, Good long-term hold. | 2006-12-04 | ||
| HOLD | Power Financial Corp | PWF-T | 38.070 | Strong upward trend line. Pulled back a little, but the trend line remains intact. Concerned that on the pullback, volume was twice as high as it was on the run up. Indicates some real selling. Watch volumes on the next up turn. If weak, that could mean consolidation or a pull back. | 2006-12-04 | ||
| DON'T BUY | Motorola | MOT-N | 21.970 | Ina a bit of a consolidation mode after a big drop from October into November. Hard to tell right now what it is going to do. Doesn’t look entirely healthy. | 2006-12-04 | ||
| BUY | Lo-Jack corp | LOJN-Q | 15.690 | Security is a large and growing business and they are getting into the container business. Chart shows it came back to its recent support of around $15 and bounced off that today. A range bound stock between $15 and $22. As a trading vehicle, it doesn’t look too bad. | 2006-12-04 | ||
| BUY on WEAKNESS | Kinross Gold | K-T | 14.500 | Has been in a consolidation mode. On a 1 to 2 week time frame, it’s a little overbought. Seems to have nice support around the $13.50 area. Would wait for a bit of a pullback in the short-term. | 2006-12-04 | ||
| BUY | IBM | IBM-N | 93.510 | Had a bounce pretty close to its previous highs. There are rumours of a possible takeover. Have shifted their focus from hardware to software and seem to be firing on al cylinders. Technically they look very strong. | 2006-12-04 | ||
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| BUY on WEAKNESS | Gold Fields Ltd. | GFI-N | 19.420 | A South African gold miner. They just recently broke out of their base of $16.50-$18.50 on good volume. Short term a little overbought. Usually they fall back to their launch point, which would be a good point for a trade. Wait for the pullback. | 2006-12-04 |
