Viewing Expert Keith Richards | StockChase
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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
2017-05-03 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. One concern is the shift out of sectors that traditionally led the market up after an election. One of those is US banks. On a larger scale, you want market leaders to continue being leaders. If they start rounding over, it can be a sign of sector rotation, but if they are not performing at the time of the year they typically do perform, that could be a sign that the markets are running out of gas. Also, energy is a prime sector that tends to almost work like clockwork and typically gets a little bit of a bump into the spring. It didn’t do that this year, in fact fell back from about $54-$55 to $48-$49. He is building up cash and is at about 25%-26% as he feels the market is a little more bearish than normal. Expects to be 30% cash within the next month.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
_N/A
2017-05-03 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

US banks. He just took profits today. The sector has been underperforming for the past quarter or so, which is unusual for this time of the year. Seasonally, they should be on fire.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
No
2017-05-03 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Energy. This tends to almost work like clockwork and peak out around the end of April/early May. This year it didn’t at all. It should be having a last-minute bump, but instead it has fallen back to $48-$49.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-03 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Sell in May and go away? Although he is a base technical person, he always takes this into account. He is pulling out a little at a time, not bailing out. He has a cardinal rule that his portfolio must have at least 15% cash by May 5. This is because 72% of the time the markets tend to underperform between May and November. He starts to focus on lower beta stuff.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
_N/A
2017-05-03 PAST TOP PICK Must be logged in to use chart BX-N Blackstone Group LP

(A top pick April 3/17. Up 7%.) He recently sold this. A limited partnership and has tax implications for non-registered accounts. He didn’t want to deal with the US tax implications. Still likes the stock and the company, and it is quite good for a registered account.


Price:
$30.790
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
No
2017-05-03 BUY on WEAKNESS Must be logged in to use chart CCL.B-T CCL Industries (B)

This definitely is in an uptrend and has a great looking chart. A little jump at the end of the chart indicates a possible or probable overbought situation. If you own the stock, continue to hold it. There will probably be a pullback where you could jump in.


Price:
$312.770
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-03 DON'T BUY Must be logged in to use chart CPG-T Crescent Point Energy Corp

This has been basing for a good year and a half. Looks like there is some support in the low double digits, close to $13, maybe $12. If it could bounce off that, it could be okay. It is not showing any signs of wanting to break out of its pattern. The chart also shows a series of lower highs and lower lows, and the hope for it is that the support of $10 will kick in real soon. If he owned it, he would be really worried that the $12 support might crack. If it does, Sell.


Price:
$13.000
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-03 COMMENT Must be logged in to use chart CRR.UN-T Crombie Real Estate Investment Trust

Chart shows a bit of a base followed by a bit of a break out. What can happen after you get a break out is that you get a bit of a test down to the old break out. If it does bounce off that and moves up, it could be a very good stock.


Price:
$14.320
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-03 BUY Must be logged in to use chart DSG-T Descartes

The chart is showing a pretty darn good upward trend. He wouldn’t call it super overbought. A great looking chart. If he is right about the market taking a breather in the next month or 2, you might get an opportunity at a lower price.


Price:
$31.380
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-03 TOP PICK Must be logged in to use chart ETFC-Q ETrade Financial Corp.

Fundamentals look okay on this stock. Starting in February, there was a bit of a short-term downtrend, and that seems to be broken. They reported pretty good earnings recently, which is the driver right now. He is looking at this as a trade, and thinks it might get back into the mid to high $30s. He is looking at this as a possible 10%-20% mover, and then he will be gone. (Analysts’ price target is $42.)


Price:
$36.030
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Yes
2017-05-03 TOP PICK Must be logged in to use chart EWZ-N iShares MSCI Brazil ETF

The chart shows a long downtrend from 2014, followed by a base and then an uptrend. It is now pulling back slightly and testing the trend line, and thinks it will go up for a little bit. This is going to be a trade.


Price:
$37.880
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Yes
2017-05-03 COMMENT Must be logged in to use chart FFH-T Fairfax Financial

It is not a bearish chart, but somewhere around $600 it has support. It is showing a consolidation pattern with a descending right angle triangle. If it breaks out, it will probably go right back up to $750 or so. He would just trade this stock. It might be worth it if it breaks out of this triangle.


Price:
$619.210
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-03 COMMENT Must be logged in to use chart FN-T First National Financial

$25 was an old point of resistance. Old resistance becomes new support, and this chart shows it. There is a possibility of this moving up, especially if there is good fundamental news such as a takeover. You might see this rise into the $28 area.


Price:
$25.340
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-03 COMMENT Must be logged in to use chart GIB.A-T CGI Group (A)

Chart shows this is moving sideways. He would need it to break out of its pattern before he would be remotely interested, and would prefer to buy it higher. If it doesn’t break $65-$66 meaningfully, he expects it will move back down to the bottom of its trading channel. It doesn’t interest him.


Price:
$65.550
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-03 COMMENT Must be logged in to use chart MFC-T Manulife Financial

Bought this for his equity platform on its break-out in late 2016, and sold it in the early part of this year. He still holds it in his income platform because it has a pretty darn good dividend. Doesn’t think there is a lot of downside. If you are happy holding the stock and collecting the dividend, there is going to be a fair amount of support at around $22, and he wouldn’t worry about it.


Price:
$24.130
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Yes
Showing 1 to 15 of 1,268 entries
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2 Comments

BeauRegard

March 20th 2015 at 12:57pm

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

Rogor

January 5th 2017 at 2:09am

This is a really helpful resource. Thank you for putting it together. Nice work!


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