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| Keith Richards of ValueTrend Wealth Management |
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| 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 | ||
| 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 | ||
| 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 | ||
| Comment | Penn West Energy Trust | PWT.UN-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 | 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| TOP PICK | SPDR Cons Discretionary E.T.F | 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| WATCH | CanWest Global Comm. | CGS-X | 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 | 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 | ||
| DON'T BUY | Breakwater Resources | BWR-T | 0.275 | Finding support around the 50 day moving average. Doesn't look like it's going anywhere fast. | 2009-09-24 | ||
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| 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 | ||
| 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 $24, whichever comes first. | 2009-05-11 | ||
| TOP PICK | National Bank of Canada | NA-T | 48.390 | A little bearish on the US$ versus Canadian. This bank literally has no exposure to the US. Would sell if it reached its old high of $55. | 2009-05-11 | ||
| 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 | ||
| HOLD | Breakwater Resources | BWR-T | 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| HOLD | JP Morgan | 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 | ||
| 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 | ||
| 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 | ||
| 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 |
