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| Date | Signal | Symbol | Company | Opinion | Price |
|---|---|---|---|---|---|
| 2013-06-14 | N/A | A Commentary | A Comment -- General Comments From an Expert |
Markets. May 22 we had a bearish key reversal in US and Canadian markets - an engulfing pattern on an equity index. The Hindenburg Omen indicator also happened - it implies the markets are past a short term peak and are showing extreme volatility. You got a large number of stocks hitting new highs as well as a large number hitting new lows. The death cross occurred also - the 50 day moving average crossed the 200 day moving average. He doesn’t necessarily believe in the death cross but a lot of analysts watch it. He is 77% in cash. He does selective seasonal trades in the summer. Tweet finance |
Price: $0.020 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: _N/A |
| 2013-06-14 | N/A | A Commentary | A Comment -- General Comments From an Expert |
Dow. It recently broke below its 20 day moving average. It broke a short term trading range about a week ago. It is slightly outperforming the S&P, so one of the indicators is actually positive. His downside target is 14,400 for the correction. If Dow goes below its 50 day moving average, look out below. Tweet finance |
Price: $0.020 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: _N/A |
| 2013-06-14 | N/A | A Commentary | A Comment -- General Comments From an Expert |
Gold Stocks. Historically they are building bases at this time of year until mid to end of July and then move significantly higher. Season ends in Oct. Tweet finance |
Price: $0.020 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: _N/A |
| 2013-06-14 | DON'T BUY | AA-N | Alcoa |
Trying to form a base. It has kind of flat lined for well over a year. Normally it does well from the end of Oct until Feb. You are way too early to be a buyer at current levels. You may have an opportunity at the end of Oct. Tweet finance |
Price: $8.120 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: Unknown |
| 2013-06-14 | DON'T BUY | BCE-T | BCE Inc. |
It has broken support levels and is in a downward trend. It is below its 20 day moving average and underperforming the TSE, so you don’t want to be there right now. Right now, it is not attractive. Seasonal strength is in the summer (Jul-Oct) but he is not seeing signs for BCE yet. Tweet finance |
Price: $44.160 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: Unknown |
| 2013-06-14 | WEAK BUY | CTC.A-T | Canadian Tire Corporation Ltd. (A) |
On a seasonal basis it has strength from Oct to May. The stock has been in an upward trend. It is below its 20 day moving average. It has been outperforming the TSE. Two of the three indicators are positive so he is mildly positive for this stock. But the pop recently is due to the REIT announcement. He does not put as much weight on the fundamentals and he does not take this announcement out of the equation. Tweet finance |
Price: $80.030 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: Unknown |
| 2013-06-14 | PAST TOP PICK | GDX-N | Mrk Vectors Gold Miners ETF |
(Top Pick Jun 22/12, Down 35.91%) It was a good seasonal trade last year. It is getting lined up again. Wait until the middle of July. Tweet finance |
Price: $28.120 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: No |
| 2013-06-14 | HOLD | IMG-T | Iamgold Corp |
Downward trend, not lined up as yet but forming a classic base pattern. Strong from mid-Jul until first week of Oct. 16% average increase during this time over the last 60 years. Tweet finance |
Price: $5.270 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: Unknown |
| 2013-06-14 | WATCH | IMO-T | Imperial Oil |
Integrated oils move higher from Jan-Feb and then end of July until Oct. Right now it is forming a nice little base pattern ready for July. The price of crude oil broke above a triangle to the upside today. IMO is starting to look very interesting. Look for a move as we get into the summer. Tweet finance |
Price: $39.510 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: Unknown |
| 2013-06-14 | HOLD | MFC-T | Manulife Financial |
Seasonal strength from early March to Mid-June. Nice chart with upward trend, outperforming TSX and above its 20 day moving average, but be careful because we are ending the period of seasonal strength. Tweet finance |
Price: $15.730 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: Unknown |
| 2013-06-14 | WATCH | MPC-N | Marathon Petroleum |
With refiners, from late summer to end of Sept, this sector goes through a process. They shut down refineries and move into producing heating oil. Mid July until end of Sept is seasonal strength. Watch inventories of gas and heating oil. Tweet finance |
Price: $79.610 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: Unknown |
| 2013-06-14 | HOLD | NGD-T | New Gold Inc. |
This year it is forming a nice little base pattern. The trend is down, it is under performing the TSX and it is below its 20 day moving average, so all three indicators are negative. Wait to buy until the price of gold breaks around the middle of July. Tweet finance |
Price: $6.790 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: Unknown |
| 2013-06-14 | WATCH | OSK-T | Osisko Exploration Ltd. |
Look for it to move higher into July. Covered Call written out of season? He does not recommend them out of the period of seasonal strength. Tweet finance |
Price: $4.250 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: Unknown |
| 2013-06-14 | PAST TOP PICK | PEJ-N | PowerShares Dynamic Leisure & Entertainment ETF |
(Top Pick Jun 22/12, Up 31.76%) Doesn’t look as good this summer. There is only one blockbuster movie, “Superman” which opened today. He is not bullish on the movie companies for the seasonal trade this year. If you want one company, your choice would be Disney. Tweet finance |
Price: $28.235 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: No |
| 2013-06-14 | WATCH | POT-T | Potash Corp of Saskatchewan |
Normally moves higher around the third week of June until Sept, takes a break and then moves higher until the end of the year. This year it is forming a nice little base pattern. Don’t rush the trade yet. Wait until all the technicals line up. He thinks that it will happen in the next few weeks. Tweet finance |
Price: $41.030 Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING Bias: SELECTIVE Owned: Unknown |