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| Keith Richards of ValueTrend Wealth Management |
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| TOP PICK | Canadian National R.R. | CNR-T | 79.670 | (Top Pick Nov 9/11, Up 2.89%) Stuck with these guys for many, many years. Mid 2000’s. If there was ever a buy and hold stock in his work this was it. Has some volatility. Holds it as a core. | 2012-01-03 | ||
| WAIT | Ford Motor | F-N | 11.130 | Interesting chart. Up trend for past few years and then downtrend. Now a bit of consolidation. Couple of lows at same point. Looks like it is starting to break out and is putting in a bottom. Wants to see a few days of gains. | 2012-01-03 | ||
| WAIT | General Motors Corporation | GM-N | 21.050 | An interesting one because longer-term picture is mostly down, but there is something interesting going on. You are getting some consolidation. If it breaks the trend line, it could turn out to be a bottom head and shoulders pattern. Would not buy right now but would watch. | 2012-01-03 | ||
| WAIT | Goldcorp Inc | G-T | 45.980 | Sold out of gold at $1800. Thought he could get back in near $1700 but it didn’t happen. Wait until a true bounce. Not convinced the downtrend is not really out. | 2012-01-03 | ||
| TOP PICK | Home Capital Group | HCG-T | 50.640 | Sells Mortgages though independent mortgage agents. Had a downtrend followed by a head and shoulders pattern. | 2012-01-03 | ||
| DON'T BUY | Microsoft | MSFT-Q | 26.765 | In the tech space. Tech stocks to ok from mid Dec until end of Feb. Likes the spider ETF for high Tech but would look to get out at this point. | 2012-01-03 | ||
| DON'T BUY | Research In Motion | RIM-T | 15.710 | It has been in a downtrend and is not complete. You need a sideways down and up trend. He is not a buyer until he sees a bottom. | 2012-01-03 | ||
| HOLD | Royal Bank | RY-T | 52.780 | Seasonal trends tend to be favorable this time of the year. A downtrend was broken. You will probably not get much resistance until $55 so it is a reasonable hold. | 2012-01-03 | ||
| WAIT | Sunlife Financial | SLF-T | 19.500 | Beaten up group. Not as pretty looking as Canadian banks. Getting some hope of consolidation but don’t jump into it yet. | 2012-01-03 | ||
| Comment | Suncor Energy Inc | SU-T | 31.000 | Down trend may be breaking so perhaps the lagging tendency will start to pick up soon. | 2012-01-03 | ||
| WAIT | Trans Canada Corp | TRP-T | 43.910 | Utility. Has been THE sector. Opposite of RIM. Beautiful. Perhaps a little over bought. Buy at the trend line. | 2012-01-03 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Squeezed a little bit of profits out of the markets last year. Tech Analysis allows you to become profitable as a opposed to be a victim. In 2012 he looks forward to more volatility. A trader should not become a victim. The first last 8-9 months were very traditional trading patterns but then Europe happened and it became a news flow oriented market. He would say that the trading patters in 2012 will become somewhat more normalized. | 2012-01-03 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil: Has some significant resistance at $104 and it is just coming into that right now. Downtrend was broken and we got the rally and top level is $104. Will it break that? Just trade based on what happens. Sideways trend as opposed to down trend. | 2012-01-03 | ||
| PAST TOP PICK | Claymore Global Agriculture ETF | COW-T | 20.240 | (Top Pick Nov 9/11, Down 2.16%) Looking to exit about a dollar or so higher, say $21 a share. | 2012-01-03 | ||
| PAST TOP PICK | iPath S&P GSCI Crude Oil | OIL-N | 26.210 | (Top Pick Nov 9/11, Up 7.04%) Not in his new top picks but he still likes it. It is to be seen if it will break the resistance level of $28 and if it does not he will sell it. | 2012-01-03 | ||
| TOP PICK | Brookfield Infrastucture Partners | BIP.UN-T | 28.260 | After we hit next resistance there could be a pull back. Can’t argue with the trend. Probably going to settle back in the next little while. Likes the stock. | 2012-01-03 | ||
| Comment | Boeing | BA-N | 64.550 | Had an uptrend from 2009, broke it and is now in a bit of a rectangle. Sideways movement. No breakdown. If it broke through the support level of the mid-$50, it would be dangerous. | 2011-11-09 | ||
| Comment | Bombardier Inc (B) | BBD.B-T | 4.190 | Starting to form a little bit of a base after a down trend and is very much trying to break that base. Looking very interesting and there is a pretty decent chance if it breaks. | 2011-11-09 | ||
| TOP PICK | Canadian National R.R. | CNR-T | 79.060 | Broke through its old highs of $77, consolidated over the summer, and has now broken out into all new highs. No overhead resistance. | 2011-11-09 | ||
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| Comment | Canadian Pacific Rail | CP-T | 61.790 | In an uptrend but has some pretty major resistance in the high $60. Likes the stock up to about $60, $69, $70 but on a comparable basis, Canadian National (CNR-T) just took out its old highs. Would prefer CN. | 2011-11-09 | ||
| HOLD | Goldcorp Inc | G-T | 52.850 | This company pretty well follows gold bullion, which has been working in the trend channel for about 2 years. Gold and this company are now getting back to the top of their trend channel and he has sold his gold equities. | 2011-11-09 | ||
| Comment | Ivanhoe Mines | IVN-T | 21.140 | Chart shows it is starting to pull up but has recently had a pullback. A longer-term down trend line appears to be broken. Doesn't look too bad for some short-term upside. Has resistance at around $26. A short-term trade to that area might work out, perhaps past that if there is enough volume. | 2011-11-09 | ||
| DON'T BUY | Manulife Financial | MFC-T | 12.110 | Had a breakdown in 2008 and has been in a downtrend for the past 3 years. Has formed any kind of a base yet. | 2011-11-09 | ||
| Comment | PepsiCo | PEP-N | 62.280 | Has a level of support that it doesn't seem to be breaking. Chart doesn't excite him. He has no real conviction on this one. | 2011-11-09 | ||
| SELL | Research In Motion | RIM-T | 18.410 | Chart shows that the trend is down. Took out a very strong level of support at around $24-$25. If he owned, he doesn't know if he would want to continue holding. | 2011-11-09 | ||
| DON'T BUY | Royal Bank | RY-T | 45.130 | Canadian banks put in a bit of a major top and then fell. They are attempting to base, but there is no sign of a genuine breakout just yet. | 2011-11-09 | ||
| HOLD | Trans Canada Corp | TRP-T | 40.580 | This one is waiting for a shoe to drop out of the sky. Doesn't matter if you are a technical or fundamental player, you don't know. Generally speaking, the trend is up that recently broke down because of all the news and noise. Pretty significant resistance in the low $40 that it doesn't seem to be able to crack. | 2011-11-09 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets have been moving sideways for about a decade. Probably has another 5 years of up-and-down choppiness that we have been experiencing. Very typical of what has happened over the last 125 years. We’ll eventually break into a new bull market in the next 4-5 years. | 2011-11-09 | ||
| DON'T BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold. Has been working in a trend channel for about 2 years, particularly the equities. It is now getting back to the top of the trend channel. He just sold his gold equities because it is getting back to the top. | 2011-11-09 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Technical analysis software? A couple of really good free programs on the Internet are FreeStockCharts.com and StockCharts.com and you can get longer charts on the latter for about $15-$20 a month. | 2011-11-09 | ||
| TOP PICK | Claymore Global Agriculture ETF | COW-T | 20.780 | Had a downtrend that has been most decidedly broken. Seasonally, this sector tends to move up over the next few months. Great-looking chart. Likes the sector. | 2011-11-09 | ||
| TOP PICK | iPath S&P GSCI Crude Oil | OIL-N | 24.340 | S&P GSCI Crude Oil ETN. Tracks the spot price. Oil is not in its seasonally strong spot right now but from a technical perspective, the chart looks like good for a short-term play. Broke up in October and has a neckline at around $22. | 2011-11-09 | ||
| Comment | Agnico-Eagle Mines | AEM-T | 69.250 | Support line lies at about $70. If it can stay above that it is good news otherwise it could fall quite a ways. $65 is the 50-day moving average and $62 on the 200. | 2009-09-24 | ||
| DON'T BUY | BCE Inc. | BCE-T | 26.200 | Finding some support on its 50 day moving average. Has been in a sideways trading range and has been trying to break out. 6.2% dividend is probably safe but stock has to break out of its containment and he doesn't see that happening. | 2009-09-24 | ||
| DON'T BUY | Breakwater Resources | BWR-T (Dead) | 0.275 | Finding support around the 50 day moving average. Doesn't look like it's going anywhere fast. | 2009-09-24 | ||
| WATCH | CanWest Global Comm. | CGS-X (Dead) | 0.205 | Massive spike on volume recently. Don't act on just a couple of days of action; you want a few days. If it continues to rise that would indicate momentum is starting to move in its favour. RSI index spiked into overbought territory. Would like to see a few more days of action. | 2009-09-24 | ||
| BUY on WEAKNESS | China Mobile Hong Kong | CHL-N | 50.390 | Seems to be an uptrend in-place from March. There is a little bit of consolation right now and is above its moving averages. Looks pretty good overall. If it pulls back to $47-$48, it could be a buy. | 2009-09-24 | ||
| BUY | Ford Motor | F-N | 7.330 | Trending down on the short-term (a down flag), which can be okay. Appears to be trying to break to the upside but is having a hard time breaking the 50-day moving average. Somewhere in the low $5 area would be support. Also $6.50 is an important area too. He would like to see it complete the down flag. Thinks it could get to $8.80. | 2009-09-24 | ||
| SELL | Maple Leaf Foods | MFI-T | 8.990 | Has been in a low volume, choppy range since the beginning of the summer. There has been some volume over the past few weeks but generally speaking the stock has been going nowhere. Absolutely sideways. Not showing anything that will get it out of the rut. If you own, consider selling. | 2009-09-24 | ||
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| DON'T BUY | Methanex Corp | MX-T | 19.600 | $18.50 is the 50-day moving average but the momentum has fallen out of it. Looking for a market pullback of about 10%, which might affect this stock. | 2009-09-24 | ||
| PAST TOP PICK | National Bank of Canada | NA-T | 59.710 | (A Top Pick May 11/09. Up 26%.) Still likes it. Thinks it will start to flatten out. All the banks are approaching their old highs and hitting technical resistant levels. This one has the lowest PE of the group at 9X earnings. Great dividend and no US exposure. | 2009-09-24 | ||
| BUY on WEAKNESS | Nexen Inc | NXY-T | 24.440 | Was moving in a fairly tight range of $19-$22, broke out of that with a very strong move but are now starting to see a pullback. Old high of around $22 could be its support level and could then go to $25 or so. Wait for the market correction to buy at the support level. | 2009-09-24 | ||
| BUY on WEAKNESS | Suncor Energy Inc | SU-T | 37.440 | Having a little bit of a pullback after a breakout. If we get the anticipated market correction of 10%, this could get back into the $33 range. Commodities tend to peak in the 2nd half of October, which could slow down momentum. | 2009-09-24 | ||
| TOP PICK | Teva Pharmaceutical | TEVA-Q | 50.750 | (A Top Pick May 11/09. Up 12.75%.) Has been in a great uptrend for many years. Thinks you will be able to buy this on a pullback within the next 30 days or so. Fundamentals are good on this company. | 2009-09-24 | ||
| TOP PICK | Alimentation Couche-Tard (B) | ATD.B-T | 18.630 | Has formed a symmetrical triangle from December to July and then broke out with volume. Most recent earnings blew estimates away. Expects it to pullback with the rest of the market and you can buy it in the next 30-40 days $1 or $2 cheaper. | 2009-09-24 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Blue-chip Dow Jones Industrial Average. Chart shows a head and shoulders formation with a neckline at around 9000 so he is expecting a pullback to this mark and then going up to 1100-11500. | 2009-09-24 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | S&P 500. Expecting a decline by as much as 10%. Head and shoulders bottom formation has been forming for several months. Neckline of 900 has been broken which typically results in a pullback. This lines up with a seasonal pullback. Markets are a little overbought. Resistance is at 1300 and once head/shoulders is completed he thinks it can get there. | 2009-09-24 | ||
| Comment | Penn West Petroleum | PWT-T | 16.160 | Has a head and shoulders bottom with a neckline that it seems to be breaking. If the volume is spiking it could be a very good play. He likes to see a 25% increase in volume. 11.1% yield. | 2009-09-24 | ||
| DON'T BUY | Royal Bank of Scotland PLC | RBS-N | 16.680 | 50 day moving average is very compressed against the 200 and the momentum seems to be falling. Chart looks pretty flat and is not something that would excite him. | 2009-09-24 | ||
| TOP PICK | SPDR Cons Discretionary ETF | XLY-N | 27.140 | Staples tend to become less favourable around the end of October and discretionary becomes more favourable. If the economists are right about the recession ending, it should be more discretionary spending by the consumer. Expect this will pull back to $26, which would be an ideal point to enter. | 2009-09-24 | ||
| PAST TOP PICK | SPDR Consumer Staples E.T.F. | XLP-N | 25.240 | (A Top Pick May 11/09. Up 13%.) Seasonally, staples tend to become less favourable around October 15. As the recession ends, people are more likely to move into discretionary areas spending. Doesn't think the run is over but he sees more upside other areas. | 2009-09-24 | ||
| DON'T BUY | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 16.870 | October contract. Has climbed 24% since Sept 4. Has broken the 50 day moving average and is hitting the 200 day. Some short term momentum behind it but could end fairly soon as we come into the noise at around $4. A gamble and you would have to be pretty bold. | 2009-09-24 | ||
| WAIT | Agrium | AGU-T | 51.800 | In a great uptrend and just started hitting resistance. Has a beta of 1.5X so it is a real proxy for the market. If you are really bullish on the market you should be all over this but if you think it is due for a pause, which he does, hold off. Wait until you see if it holds above $50 for a while. | 2009-05-11 | ||
| HOLD | Breakwater Resources | BWR-T (Dead) | 0.305 | Chart shows it has broken out of a base. There is probably a little bit of resistance coming in at around $.33 or $.40. Be ready to pull the trigger. | 2009-05-11 | ||
| Comment | Connacher Oil and Gas | CLL-T | 1.480 | Chart shows a rounded bottom. Expect to see some noise come in at around $1.70 to $1.80. Look for some resistance at $1.70. Momentum indicator shows it as being overbought so there could be a small pullback. | 2009-05-11 | ||
| BUY | Canadian National R.R. | CNR-T | 47.840 | Has been a great stock to own through the entire meltdown. He views it as a core holding. Well run company. Will probably stay range bound for a while. | 2009-05-11 | ||
| HOLD | JP Morgan Chase & Co | JPM-N | 35.830 | Chart shows that this stock is going up. There may be some resistance at around $42. Stay with it until something gives you a sign that it is rolling over. | 2009-05-11 | ||
| BUY | Kinross Gold | K-T | 19.110 | He tends to hold some gold as a defence. Thinks gold might get back into the $1000 area in the next few months. This company would be a great play in this sector. | 2009-05-11 | ||
| SELL | Manulife Financial | MFC-T | 23.240 | Chart shows it is right at the resistance level. Very highly leveraged to the market. Beta is 1.3X indicating that it is 1.3 times more volatile than the market. | 2009-05-11 | ||
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| TOP PICK | National Bank of Canada | NA-T | 48.390 | A little bearish on the US$ versus Canadian. This bank literally has no exposure to the US. Would sell if it reached its old high of $55. | 2009-05-11 | ||
| WAIT | Potash Corp of Saskatchewan | POT-T | 110.730 | As a long-term hold, it is probably a good place to be. There may be a pullback this summer. Right now it is brushing up against resistance. Prefers Agrium (AGU-T). | 2009-05-11 | ||
| BUY | Research In Motion | RIM-T | 85.480 | Gapped down in September of 08 and is now working back up to fill that gap. Thinks the stock could very easily get into the $100 range. Chart shows a breakout beyond the $72 area in the next stop is easily $98-$100. | 2009-05-11 | ||
| Comment | Suncor Energy Inc | SU-T | 36.230 | Covered call position with December $40. This is a great strategy. Energy companies are starting to get a little overbought so if you want to own energy, you could write a Call. | 2009-05-11 | ||
| TOP PICK | Teva Pharmaceutical | TEVA-Q | 45.150 | Countries everywhere will be looking at ways of cutting back on drug costs. This is the biggest generic drug company globally. A defensive sector. | 2009-05-11 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Dow Jones is in a short-term uptick but the longer view shows it is still trending down. The Put to Call ratio has reached the same level as last May. Thinks the near-term bull is done. | 2009-05-11 | ||
| Comment | Las Vegas Sands Corp. | LVS-N | 10.900 | Chart looks like it is attempting to break out of the long-term period of “do-nothing”. There will be some resistance at $14 and if it can break through that it will go higher. | 2009-05-11 | ||
| BUY | MagIndustries Corp. | MAA-T | 0.590 | Long-term of base building and all of a sudden it is exploding to the upside. With the large volume and the breakout, it looks pretty good. There is resistance level at $.63 and if it breaks through that, it could come close to reaching $1 a share. If volume starts to slow down or it starts to get into the resistance levels it would be a Sell. | 2009-05-11 | ||
| TOP PICK | SPDR Consumer Staples E.T.F. | XLP-N | 22.650 | There is a seasonality trend for consumer staples to move up between June and October. This is a safe place to be. Last year, when the market was selling off heavily, this was rising. Sell late October or early November or anywhere near $24, whichever comes first. | 2009-05-11 | ||
| SELL | iPath S&P GSCI Crude Oil | OIL-N | 21.210 | This is a play on crude oil commodity rather than companies. The chart shows that oil has broken out of a base and a good possibility of oil getting into the $60 area. We are so close to this that he would take profits now. If oil were to pull back to $45 he would look at getting back in. | 2009-05-11 | ||
| Comment | CardioDynamics International Corp. | CDIC-Q | 0.860 | Volume is pretty thin and you could easily get whipped out. Prefers more volume. 50 day moving average is $.85 and the 200-day moving average is $.95. You could trade in and out between these two levels, which is a very good technique particularly for low priced penny type stocks. Strong level of resistance at $1. | 2009-05-11 |
