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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Keith Richards , Portfolio Manager

ValueTrend Wealth Management


Date Signal Chart Symbol Company Opinion Price
2016-02-02 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. On the longer-term view of the S&P 500 there was a bottom in 2009 which was followed by a long uptrend. That multiyear trend line has now been broken. In the bigger picture, taking out the summer low and taking out the trend line, he is a little concerned for the intermediate term. Believes we have entered into an intermediate term bear market. That is likely to be the scenario for the next number of months. Last week, there was an inter-week and inter-day reversal. Last Wednesday the market went way down, and then ended up on the day, but still below its Open creating a Hammer formation, usually a sign of washout. When investors are extremely nervous they capitulate and this formation happens, and at the end of the day the market picks up. The theory is that “Smart Money” picks up off of weak hands in the afternoon. That can be a good sign. Started seeing those signs in the past couple of weeks which could suggest a short-term rally. In other words, on any rally over the next 1-2 weeks, stocks should be Sold.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
_N/A
2016-02-02 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Charts. He always uses logarithmic charts. Sometimes linear charts distort things. A logarithmic chart will be on a trend line, but on a linear chart it is not. It is important because a $10 stock that moves to $11, a 10% move, is different looking on a percentage basis than a $20 stock that moves up $1.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
_N/A
2016-02-02 DON'T BUY Must be logged in to use chart AA-N Alcoa

Chart shows a rounded bottom running from 2011 to 2014, and then it topped. A classic top with a bunch of peaks, and then it broke the neck line, tested, and then fell further. Since that time it has been pretty much in a downtrend. Until it bases, he wouldn’t touch this.


Price:
$6.970
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-02-02 DON'T BUY Must be logged in to use chart AAPL-Q Apple

The longer-term trend line that started in 2013 has been broken. A long-term trend line that has been broken is really significant. Sometimes you get a rally if it breaks out above the trend line again, but at this time this company is underperforming its sector of tech stocks, and is breaking down.


Price:
$94.480
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-02-02 DON'T BUY Must be logged in to use chart AC-T Air Canada (B)

A very choppy looking chart. It has an uptrend which has been broken. We are now getting declining highs and declining lows, and that is not good. He would look to see if it finds support at around $5. If it gets there and finds support, and holds it for at least a few weeks, it might be worth trying to catch a bounce, but at this point it is in a downtrend and don’t fight it.


Price:
$7.100
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-02-02 COMMENT Must be logged in to use chart ARE-T Aecon Group Inc

From a fundamental point of view, it is a great company. Looking at the bigger picture, it is in an uptrend over most of the past 12-14 months. That is positive. Look for rising highs and rising lows, which this one has. As long as the $13.50-$13.77 holds, it is probably pretty favourable. He doesn’t see anything wrong with this chart.


Price:
$13.840
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-02-02 WATCH Must be logged in to use chart BA-N Boeing

This chart is very, very typical of a lot of stocks right now. They are moving sideways and kind of trapped in “never never” land, like the market has been in the last 1.5 years. You want to watch this to make sure it does not break down. At this point it is fine. If it bounces off the current support level, where it is trading right now, it should be fine.


Price:
$117.520
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-02-02 DON'T BUY Must be logged in to use chart BAC-N Bank of America

Chart shows a base of $15, and he was trying to trade between $15 and $18, and then there was a breakdown. Banks make a little bit more money when rates go up, and there was an outlook for that to happen, but it now may or may not happen. Thinks it will get a return to $15 on an oversold bounce, and he doesn’t like a big long base break down like this.


Price:
$13.230
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-02-02 PAST TOP PICK Must be logged in to use chart BBT-N BB&T Corp.

(A Top Pick Dec 18/15. Down 14.96%.) Was looking for it to get into the $40 area, but it failed and has broken down. It is oversold like a lot of stuff right now, and he is looking for an exit in the next little while.


Price:
$31.580
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Yes
2016-02-02 COMMENT Must be logged in to use chart BIP.UN-T Brookfield Infrastucture Partners

Owns this in his income portfolio, but not in his growth portfolio. This stock has not broken its long-term trend line. In the near term it probably has some support at around current levels. Feels the dividend is sustainable and is solid. If you are an income, long-term investor, you could probably own this and is probably an OK time to buy it right now. It is probably going to move sideways for the time being.


Price:
$48.970
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Yes
2016-02-02 COMMENT Must be logged in to use chart BNS-T Bank of Nova Scotia

Canadian banks in general are very tied to the economy and natural resources. When you are making a bet on the banks, you are making a bet on the Canadian economy. He would say the outlook is mediocre. Chart is showing a series of weaker highs and weaker lows. There is a decent potential for the stock to rally to the top of the trend line in the short term. That is the good news, but he would not initiate a mid to long-term position, but maybe a short-term trade, but maybe not play them until things turn around.


Price:
$55.570
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-02-02 TOP PICK Must be logged in to use chart CASH CASH

Sell on the rallies and raise cash. Believes we are in an interim bear market.


Price:
$0.010
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Yes
2016-02-02 PAST TOP PICK Must be logged in to use chart CHE.UN-T Chemtrade Logisitics Inc.

(A Top Pick Dec 18/15. Down 5.53%.) Still holding this in his income portfolio as the dividend is fantastic. However, Sold it out of his growth portfolio. On a long-term chart, the stock has come into a reasonable level.


Price:
$15.770
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Yes
2016-02-02 COMMENT Must be logged in to use chart CSX-Q CSX Corp

The chart shows a classic topping breakdown. It touched the rising trend line over and over again, and then topped. Broke down through the neck line at around $31, and then fell down. It tried a countertrend rally which didn’t work. The next support level should be at around $17-$18.


Price:
$22.030
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-02-02 DON'T BUY Must be logged in to use chart CXR-T Concordia Healthcare

Caller was surprised to see this go down 20% when the market only went down 10%. That is called Comparative Relative Strength, and is one of the things that technical analysts have to pay attention to. The healthcare sector in general has been an under performer. Was in a big uptrend in the last year, and then fell like a brick. It tried to establish a base late last year, and it broke down again. At this point, he would not Buy the stock. Would like to see it base for a while.


Price:
$39.500
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
Showing 1 to 15 of 995 entries
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1 Comment

BeauRegard

March 20th 2015 at 12:57pm

You should be honored to be named after one of the 'Glimmer twins' ;>)


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