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| Date | Signal | Symbol | Company | Opinion | Price |
|---|---|---|---|---|---|
| 2013-03-13 | N/A | A Commentary | A Comment -- General Comments From an Expert |
Markets. Has been bullish for about 3 years but is now getting cautious because the market is getting long in the tooth. We now have a rebound bull. These bulls follow some type of a crash and this is the 2nd recovery we have had since 2002 and we are now getting near the end of a rebound bull. The rebound from 2002 took about 50 months and we are currently in the rebound from 2009 at about 46 months. He is watching the financials to see when they peak because that is usually the sign. Tweet finance |
Price: $0.020 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: _N/A |
| 2013-03-13 | N/A | A Commentary | A Comment -- General Comments From an Expert |
Gold. The gold chart shows the mid-summer low and the current low which is at the same level, i.e. it has held. Technically the chart shows a descending triangle but that is due to the rally in the US dollar. Gold charts in most other currencies would show more of a symmetrical triangle. Gold is going to find support at its current level and that should get the gold stocks going. (See Top Picks.) Tweet finance |
Price: $0.020 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: _N/A |
| 2013-03-13 | PAST TOP PICK | ABX-T | Barrick Gold |
(A Top Pick April 13/12. Down 26.8%.) Tweet finance |
Price: $29.310 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: No |
| 2013-03-13 | COMMENT | AGU-T | Agrium |
This is a sector that he favours. This one still may have legs. It trends very nicely. When the trend line gets broken, it will rebound back to the trend line and that is the point when you would Sell. (See Top Picks.) Tweet finance |
Price: $106.570 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: No |
| 2013-03-13 | PARTIAL SELL | BNS-T | Bank of Nova Scotia |
Banks have had quite a substantial move. He is personally starting to reduce his positions. Chart shows this one is in its 2nd up leg and is due for a correction. If you own, he would be tempted to reduce. Tweet finance |
Price: $60.070 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: No |
| 2013-03-13 | COMMENT | BTE-T | Baytex Energy Corp |
The low shown mid-2012 on the chart is very important. You want to avoid energy stocks that have taken out there 2012 low. This one has not so he would favour it. 6% yield. Tweet finance |
Price: $43.900 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: Unknown |
| 2013-03-13 | PAST TOP PICK | CCO-T | Cameco Corporation |
(A Top Pick April 13/12. Up 7.2%.) (See Top Picks.) Tweet finance |
Price: $21.710 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: No |
| 2013-03-13 | COMMENT | CWB-T | Canadian Western Bank |
Probably not one of the better financials. He is a great believer in ETFs, so if you should have financials, just buy a basket. Otherwise you just end up with the wrong horse. This one has not kept up with its peers. If you own, consider lightening your position. If it gets below $26, he would forget about this one. Tweet finance |
Price: $27.900 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: Unknown |
| 2013-03-13 | PAST TOP PICK | ECA-T | Encana Corp |
(A Top Pick April 13/12. Up 15.21%.) He is quite bullish on natural gas. If the market turns, you want to look for assets that are probably not going to get beaten up. Natural gas is definitely in a bull market because we have not made a new low for almost a year. Tweet finance |
Price: $19.500 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: No |
| 2013-03-13 | COMMENT | ELD-T | Eldorado Gold |
Chart shows it has taken out its mid--2012 low which is not a good sign. If you own, do not average down at the moment. Wait to see if this can creep back above the 2012 low and then wait for a trend. Also, he would favour North American assets. Tweet finance |
Price: $9.570 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: Unknown |
| 2013-03-13 | BUY | HBM-T | Hudbay Minerals Inc. |
Likes this area because there are not many companies left in this space. Also their assets are in Canada. Chart shows a higher low this year than what was in mid-2012 and that the downtrend that ran from late 2010, has been violated. Tweet finance |
Price: $10.120 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: Unknown |
| 2013-03-13 | COMMENT | MID.UN-T | MINT Income Fund |
Chart shows a pretty favourable pattern in the form of a massive symmetrical triangle. Looks bullish. 7.229% yield. Tweet finance |
Price: $9.980 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: Unknown |
| 2013-03-13 | DON'T BUY | RON-T | Rona Inc |
Retail is a tough, tough business. He’d be very careful of this sector. Looking at the chart, he would think this one is going to be dead money. Tweet finance |
Price: $11.040 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: No |
| 2013-03-13 | PARTIAL BUY | SLW-T | Silver Wheaton |
Well above the mid-2012 low, which is quite bullish. There is a lot of support around its present price. He is starting to favour this sector. He would ease into the position. Tweet finance |
Price: $31.250 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: Unknown |
| 2013-03-13 | BUY | SSO-T | Silver Standard Resources Inc. |
When looking at gold or silver stocks look at the lows of last summer and try to pick the stocks that have not taken out that low. This one has kind of held so he would favour it. As long as it holds this low, you should be fine. (See Top Picks.) Tweet finance |
Price: $10.350 Subject: TECHNICAL ANALYSIS Bias: CAUTIOUS Owned: Unknown |