stockchase picture

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

Expert Index

List by First Name

List by Last Name

Keith Richards , Portfolio Manager

ValueTrend Wealth Management


Date Signal Chart Symbol Company Opinion Price
2014-12-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

TSX. He has been talking about a double bottom. It is early to say, but if you look at what has happened, there was a low in October, and just over the past few days, there was a little bit of a lift. We could possibly be putting in a double bottom over the next little while, as long as the October lows hold and we could see a nice bounce. A double bottom, by definition, would be if we break the neck line at just under 15,000. If we break that, it could be quite bullish. The problem is that the main components of the TSX are energy, banks and base metals. The banks aren’t too bad, but the other 2 are not looking so great.

S&P 500 From a technical perspective, this has been and continues to be a much better place to be. You are looking at higher highs and higher lows. There is absolutely no take-out of the lows. Technical analysts also look at breadth, the number of sectors that are participating in a given rally. There has been fairly wide anticipation through this whole bull market.

Oil. Technically there was some support at $54-$55. There was a bit of a formation after we hit a bottom in 2009, where it bounced from around $37 to the $54 area. Some consolidation $54-$55 on WTI, and that is exactly where it hit recently. We need to stay above that level. The bigger trend for oil is Down, and in a bear market, there is usually a reflective bounce. He thinks that is what we are getting right now. We may get another couple of weeks of upside on oil, but his instinct is that this is in a genuine bear market. He has only one energy position in his portfolio, and will use this upside as an opportunity to get rid of it in the next 2-3 weeks.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
_N/A
2014-12-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

WTI Oil. Most of the commodities peaked at around 2011. From 2011 to now, the charts had formed a very large symmetrical triangle. This summer, it broke down out of that triangle. It is holding support now at around $54-$55, but after a short-term bounce, he thinks it is going to hit in the $40’s.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
_N/A
2014-12-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

How do Moving Averages work? These are simply trend followers. The only thing you should use a Moving Average for is to determine if the trend is in a particular direction at this particular moment. It is not a great trading vehicle per se, so if you are trying to time your entry or exit off of a moving average, he is not so sure he would do it. He would prefer just the basic formations and use things like oscillators.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
_N/A
2014-12-19 COMMENT Must be logged in to use chart AAPL-Q Apple

It does have pullbacks once in a while, but the overall look is pretty good. Nice looking chart. The three-year chart shows a cup formation followed by a breakout this year and currently in an uptrend. Currently pulling back to the trend line, but basically this stock is looking pretty bullish.


Price:
$111.780
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2014-12-19 COMMENT Must be logged in to use chart CMCSA-Q Comcast Corp

Anything in the technology area is generally okay. Chart is showing a nice long upwards trend line. He likes the look of it.


Price:
$57.170
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2014-12-19 DON'T BUY Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

There is a certain amount of leverage that you have to pay attention to that comes from oil prices. The three-year chart shows a cup formation followed by a breakout this year. It reached a peak and then broke down through the last low. From a pure technical analysis point of view, this stock is now in a bear trend. Until it reverses, the potential target is around $28. He would not want to own this until it stops falling, bases, and then moves up.


Price:
$36.630
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2014-12-19 COMMENT Must be logged in to use chart CSU-T Constellation Software Inc.

Chart shows a strong uptrend from 2011. Anything technology driven tends to do quite well over the earlier part of the winter. He is very long on the tech stocks right now. It may be a tiny bit ahead of itself, but generally speaking up is good and down is bad.


Price:
$327.030
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2014-12-19 WATCH Must be logged in to use chart CSX-N CSX Corp

This is in an uptrend. When a stock is in an uptrend, it often tests the trend line. If this gets down to around the low $30, that may be time to buy it. Wait for a test of the trend line and for the stock to bounce off it. Until that happens, he wouldn’t buy it.


Price:
$35.760
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2014-12-19 COMMENT Must be logged in to use chart DPS-N Dr. Pepper Snapple Group

Had a pretty strong move this year. It looks like it is trying to test the trend line. If you were to draw a 200 day moving average, you will usually find that it will keep a certain distance off the trend. If it gets too high, 10% or more over that average, you will typically see it return to the trend line. He thinks that is all that is happening on the stock and it is not in danger, but you could see it pull back a bit more.


Price:
$71.660
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2014-12-19 WATCH Must be logged in to use chart FM-T First Quantum Minerals

Probably one of the better quality metal plays. If you look at a chart on metals in general, it has been pretty soft for the last few years. This is a pretty good quality company. He would prefer to see a bounce off its support level, and then would consider owning it.


Price:
$15.850
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
No
2014-12-19 SELL Must be logged in to use chart GOOGL-Q Google

This has been an under performer. The trouble is that institutions are going to go where the money goes. Because of this, there is going to be a certain amount of pressure on the stock. Chart indicates that this has broken down through a trend line. Also, the last low at around $530 has been broken through and is now at $520. That is not a good thing. There might be better alternatives.


Price:
$520.040
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2014-12-19 COMMENT Must be logged in to use chart KEY-T Keyera Corp

Fundamentally, this is one of the better pipeline stocks. For a short-term trader, there is probably a bounce due. Thinks you are okay as either a short-term trader or a long term trader, on the stock.


Price:
$75.750
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Yes
2014-12-19 WAIT Must be logged in to use chart LVS-N Las Vegas Sands Corp.

Like all casino stocks, this is pretty volatile, but they can be great trading vehicles. The trick is to watch for the bottom formations. Whenever you are looking at a stock like this, you wait for a pullback, and then a base, and a break out. This has not started to do that yet. He would not buy this until it starts to move up.


Price:
$56.440
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
No
2014-12-19 WATCH Must be logged in to use chart M-X Mosaic Capital

The big picture is reasonable, but it may be possibly breaking down. He doesn’t like that the chart shows a series of troughs that it has successfully tested, and it kind of appears to be breaking down right now. Looking for higher highs and lower lows, this may be on the verge of taking out that last low. It’s a little early to tell, but be a little cautious. Volume has been quite light in the last several days, which would indicate a lack of conviction.


Price:
$11.450
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2014-12-19 COMMENT Must be logged in to use chart PLI-T Prometic Life Sciences Inc.

Whenever you look at charts, you start from the big picture and work your way down. This is a reasonably long chart. On the very big picture you’ve got an uptrend in place. This is defined by higher highs and higher lows. When a stock gets too high above its trend line, it often corrects. It doesn’t mean it’s the end of the world, but it does mean that if you don’t already own it, sometimes you’ll wait a little while for it to correct.


Price:
$1.950
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
Showing 1 to 15 of 726 entries
First Previous 1 2 3 4 5 Next Last

No Comments.


You must be logged in to comment.