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
2017-02-06 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The month of February tends to be a little soft i.e. choppy. On top of that, there is a unique formation. Last week the market hit a new high on a gap i.e. it opened higher than the previous day it closed at, and then it spent 3 days at a new high level, and then opened down without ticking down, an island. Since 1975, every time a 3 to 7 day island happens, we tend to get a 1% drawdown over the next 30 days. With February normally being a seasonally choppy month anyways, along with the “island reversal” he is going to give the market a good chance of being choppy over the next few weeks. However, we are still in a bull market. If the market dips low enough, it is time to Buy.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
_N/A
2017-02-06 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Auto parts sector? These tend to be choppy. They do tend to have a little bit of a pattern of moving up into the spring, along with industrials. He is cautiously optimistic.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Covered Call ETFS?

He likes these. He has 2 platforms. One is an equity platform that has a high turnover and which he trades frequently. He doesn’t pay a lot of attention to dividend stocks on this one.

The other is an income paying platform. It has some bonds, but it is 50% income paying stocks. In this, he has at least one Covered Call ETF, Canadian Banks (ZWB-T). He has also traded the utilities (ZWU-T). Both of these are pretty good products.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Currency? (You can also check out his blog on his website, ValueTrend Wealth Management.) A one year chart of the US dollar versus the rest of the world shows that it has recently broken down a little. However, looking at a 3-5 year chart, the US dollar is coming into a level of support. On a worldwide basis, he doesn’t see the US$ having a whole lot more downside. A Cdn$ chart will probably show a bit of short-term strength, particularly if oil picks up over the next few months. Over the long-term, he would be long the US$ versus the Cdn$.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Precious metals? As far as gold goes, the seasonal pattern ended around the end of the year. Seasonally, it tends to be neutral to flat, but also has a pretty strong technical resistance. However, silver tends to enter into a positive seasonal period right now. Also, the chart looks like it has done a bit of a bottom formation break out, looking like it has a little more upside and probably has 1 to 2 more months of upside.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 COMMENT Must be logged in to use chart AAPL-Q Apple

This has been pretty volatile. It started moving into a bearish pattern from its peak in 2015. It tried to base in 2016 and break out. It looks like the breakout is the real McCoy. It is going to have some technical resistance at around $135. Technically, the breakout is positive. However, there is some resistance coming up from the old highs. He would give it a 5 out of 10.


Price:
$130.290
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 COMMENT Must be logged in to use chart AVO-T Avigilon Corp

An example of a stock that looked to be trending down, and something seems to be happening. It is a little early to be overly bullish, but it does look to be breaking its trend line. It is in the early stages of a potential breakout.


Price:
$12.810
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 TOP PICK Must be logged in to use chart BCE-T BCE Inc.

This is one he holds in his income platform, but it also suits his growth platform. The chart shows a long upward 3-year trend line, and it has come down to the lower part of the trend line again. He likes the stock from a long-term trend perspective. It also gives a good dividend. (Analysts’ price target is $60.80.)


Price:
$57.410
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2017-02-06 TOP PICK Must be logged in to use chart CASH CASH

He is 18% cash in his portfolio right now. Probably in 2-3 weeks, he’ll be back to being fully invested. You should have a little bit of cash going into the next few weeks as the odds are that the market might be soft and there might be some opportunities.


Price:
$0.010
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2017-02-06 COMMENT Must be logged in to use chart CLR-T Clearwater Seafoods Inc.

For the last couple of years, this stock has been pretty volatile, but fairly rhythmic in its movements. His chart shows support at around $8.50 with the stock liking to bounce off $14-$15. If you are looking at this stock, the ideal place to buy it is approaching. If it hits support, and it bounces, then it might not be a bad stock to buy. If you are a short-term trader, give it 3 days. A mid-term trader (i.e. 3 months to a year) he would give it 2 or 3 weeks.


Price:
$10.230
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 HOLD Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

Room to run or Sell? This has broken through its lid, which is very significant technically. If the stock has a breakout and there is volume, that is a good sign, and there is no reason to Sell right now. It looks technically healthy.


Price:
$113.290
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 PAST TOP PICK Must be logged in to use chart CP-T Canadian Pacific Rail

(A Top Pick Dec 30/16. Up 1.01%.) He really likes the look of the chart. Bought it right about where it is trading at now, but sold it at $202. Even though he liked the bigger formation on the chart, there is a little bit of a lid at around $202 and decided to get out with the market going to look a little choppy. However, he can still re-buy it.


Price:
$193.500
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
2017-02-06 HOLD Must be logged in to use chart CPG-T Crescent Point Energy Corp

The stock broke a long downtrend from 2014 and has been basing. From a bigger perspective, that is not a bad thing. Right now, this is in no man’s land and you can’t make a trading decision. If you own it already, he would continue to Hold to see if it could hold $12, and if it does you are probably safe for a while.


Price:
$14.060
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 COMMENT Must be logged in to use chart ENGH-T Enghouse Systems

A sideways trading stock, but there is not a lot of downside unless it breaks $50. Also, there is not a lot of upside, beyond $55 maybe. If you can make 10%, 12%, 15% on every trade over and over, this is a no-brainer. For a “buy and hold” investor, he would probably avoid this stock.


Price:
$52.520
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 TOP PICK Must be logged in to use chart GE-N General Electric

This started a trading range at the beginning of the year and he picked this up at about $28. It is now approaching the lower part of its range where he would Buy it again. It might stay range bound for a while. (Analysts’ price target is $33.75.)


Price:
$29.660
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 1,217 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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