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

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Bill Carrigan , Technical Analyst

Getting Technical Info Service


Date Signal Chart Symbol Company Opinion Price
2014-03-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Dow 30 chart shows a bottom of 7533 in March 2009. He likes the Dow because it gives you a birds eye view of what is going on in the US. They call it the “Dow Industrial Average” but he almost prefers “Dow Consumer Average” because half of the Dow stocks are actually consumer related. Chart shows 3 uplegs. Normally you would have 3 uplegs which would be the peak. However, this extended through 2013 because it was Fed induced, not a natural advance on the bear. At the end of 2013 and into 2014, there are a lot of issues that are not making new highs. This sets up a probable A-B-C correction. Basically an A-B-C correction occurs after we’ve had a 5 wave advance. In this case, it is a 7 wave advance. The ideal peak in the Dow is probably early January. It corrected down to point A in early February. The 1st corrective period is always thought to be a buying opportunity. It then rallied back and we are fighting now to make a new high. If you are going to reduce, this is the ideal point to lighten up. The next wave down should take us below the previous low of around 15.2 and we should end up lower in maybe 6-8 weeks. That point is unpredictable.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
No
2014-03-18 TOP PICK Must be logged in to use chart AGT-T Alliance Grain Traders Inc.

Rather than getting into the food futures, he just wants to get into a play where he is benefiting from grain prices, grain activity, etc. This is a beneficiary of a long-term boom in food demand. Chart shows a long downtrend from 2011 followed by a new advance in early 2013. There is a growth channel and if the price gets down to the lower part of the growth channel, he would be a buyer. Yield of 3.23%.


Price:
$18.500
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Yes
2014-03-18 PARTIAL SELL Must be logged in to use chart AVO-T Avigilon Corp

Chart shows an upward channel trend running from 2012 up to the latter part of 2013. This was followed by a breakout with congestion since late 2013. He does not like congestion and heavy, heavy volume. This tells him there are enthusiastic buyers, but also there is a lot of enthusiastic selling. He would wait until that resolves itself. If you are in the stock, start reducing.


Price:
$29.950
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 DON'T BUY Must be logged in to use chart BAC-N Bank of America

Financials on both sides of the border have had quite a run and is probably getting exhausted, particularly when he looks at the peaks showing in 2009-2010. Chart is showing a little double top and he assumes the trend line will be violated.


Price:
$17.190
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 TOP PICK Must be logged in to use chart CAE-T CAE Inc

An over-looked aerospace play currently trying to break to all-time highs above price peaks spanning 15 years. CAE provides modeling, simulation and training for civil aviation and defense.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 HOLD Must be logged in to use chart CAFE-US (Dead) iPath Pure Beta Coffee ETN

Coffee is in the soft commodity space and the whole group has been on the move. It also concerns cotton, wheat, corn in particular and they’ve all had a big bounce. Feels the food space is saying there is going to be growing demand. He would stay with anything dealing with food. (See Top Picks.)


Price:
$0.000
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 COMMENT Must be logged in to use chart CFP-T Canfor Corp

Lumber has been in trouble lately. He is losing interest in the sector and would start backing away from it. If the price starts to violate the trend line, then stay away and don’t add to it.


Price:
$26.380
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 DON'T BUY Must be logged in to use chart CPST-Q Capstone Turbine

(Natural Gas and LNG sector.) Now at a new 52 week high and he likes 52-week highs. His question would be as to how far away it was from the long-term moving averages. 33% above its 50 day moving average. 200 day moving average is $1.35 and the 50 day is at $1.72 giving a 26% spread, which is a lot. That is too much and indicates the stock is overbought. This is too late. You have to buy them when they are breaking out.


Price:
$2.360
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 HOLD Must be logged in to use chart DGC-T Detour Gold

Likes the gold stocks and the Junior sector. If you are going to get involved with this sector, buy 2 or 3 names, not just one. Chart shows a bottom in the latter part of 2013 and it is now trying to get above $12.20. An investigation has been launched on behalf of shareholders. If you own, he would probably stay with it, but instead of adding to it, find another name in order to diversify a bit.


Price:
$11.500
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 COMMENT Must be logged in to use chart EFN-T Element Financial

Chart shows a consolidation period in 2012 followed by a breakout and the trend is still higher. Just don’t let it take out the low of around $12.00. Making new highs.


Price:
$15.080
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 COMMENT Must be logged in to use chart HBM-T Hudbay Minerals Inc.

Likes copper and thinks copper stocks are at the same place where gold stocks were at the year-end. Because of tax loss selling, gold stocks got absolutely slaughtered, and that was a perfect buying opportunity. Likes the group, but you have to be patient. Chart shows a long downtrend line from latter 2010 and it is just being violated now on the upside. This is a positive trend change. You don’t want the 2013 low ($7.34) violated.


Price:
$8.760
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 PARTIAL BUY Must be logged in to use chart KMI-N Kinder Morgan Inc.

Look for some support at around $32 and then ease into it. You could take a 3rd of a position at the current price and then, if it advances, Buy another 3rd. If it breaks support, do not add to your position.


Price:
$31.560
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 COMMENT Must be logged in to use chart L-T Loblaw Companies Ltd

Chart shows an upward move in 2009-2010, followed by a corrective period into 2012, followed by another upward advance in 2012-2013. This was followed by another corrective period. Basically this is in a corrective mode which could last for quite a while. This is basically a stock that is not going to hurt you, but probably not do you a lot of good. It is in an upward channel and it is near the bottom of the channel, so there is no harm in taking a position. Dividend yield of 2.08%.


Price:
$46.500
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-18 TOP PICK Must be logged in to use chart MNT-N Mentor Corp.

He wants to be in the gold space. Everybody should have a little bit of gold component in their portfolio. Gold has been acting inversely to other assets. Chart shows a breakdown starting in late 2012 followed by a new bull cycle in late 2013. In Canada there are not a lot of places to own physical gold, but this is one of them.


Price:
$31.010
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Yes
2014-03-18 COMMENT Must be logged in to use chart MX-T Methanex Corp

Has had quite a run. There were periods of consolidation in 2011 and 2012 followed by a breakout. Early 2013 was where you would want to buy these things. It is still going up; however he is worried about natural gas prices cutting into the company’s profits. Use a semi-long scale and draw a trend line and as long as it stays above the trend line, you are fine as it could work higher.


Price:
$73.410
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
Showing 1 to 15 of 1,301 entries
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