Viewing Expert Bill Carrigan | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Bill Carrigan , Technical Analyst

Getting Technical Info Service


Date Signal Chart Symbol Company Opinion Price
2016-03-24 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Eliot wave theory and Brookfield Asset Management.  (BAM.A-T)  The problem is where do you start the count.  What you need is a bellwether.  You can use BRK.B-N or HON-N, but here he suggests Brookfield.  The Eliot wave depends on three things – the advancing wave and correcting waves – three pairs of them.  The question is where do you start counting – 2009?  Look for a significant low.  We had had the rebound bull, then the corrective wave.  It did not make a new low.  Once we exceed the last high, then we know that was the first wave.  Then we know we are into the second wave advance.  After three advances and two declines, it is over for that stock.  The fourth wave is normally long and confusing.  That is what we are at now.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
_N/A
2016-03-24 BUY Must be logged in to use chart ABX-T Barrick Gold

Is last year’s low meaningful?  Is the volume supporting upward momentum?  This is probably a legitimate advance and it should take out the next high.  He would make sure you do not take out last year’s low.  The peaks of last year would be reasonable points to correct to, (~$11).


Price:
$17.960
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-03-24 PAST TOP PICK Must be logged in to use chart AEM-T Agnico-Eagle Mines

(Top Pick Oct 6/15, Up 17.70%) We are now going through a corrective period (wave two).  The key here is not to make a new low. 


Price:
$47.820
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2016-03-24 TOP PICK Must be logged in to use chart CAE-T CAE Inc

This is the third or fourth time he has picked it, but he feels that eventually it has to break out.  You are safer to wait for it to break out and confirm the uptrend.


Price:
$14.950
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
2016-03-24 HOLD Must be logged in to use chart CCL.B-T CCL Industries (B)

He favours materials.  We have a spike here with a volume increase.  There is fear that the run has finished.  Someone is selling.  The best thing is to watch the 200 day.  You don’t want the stock trading under it.  Then watch the 10 week low price channel on a weekly chart and don’t let that get violated.  It could be a hard stop loss, but he does not put hard system stops in.  You won’t be there when it breaks the stop, but you will see it on the weekend.  If it does not go above the stop in the next week then sell it.


Price:
$233.690
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-03-24 PAST TOP PICK Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

(Top Pick Oct 6/15, Up 13.54%) He likes the REIT space and the healthcare space, but wanted to stay away from the Pharma space.  This one was an outperformer compared to its peers.  Stay with it.


Price:
$13.700
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2016-03-24 DON'T BUY Must be logged in to use chart DOL-T Dollarama Inc.

If you apply Eliot wave theory, we have a spike, peak and a failure.  ABC.  The consumers were leaders in the third wave advance.  These will not make new highs in the fifth wave.  The easy fruit has been picked.  The stock will drift sideways.  He would favour industrials or materials.


Price:
$79.440
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-03-24 DON'T BUY Must be logged in to use chart EXE-T Extendicare Inc

There was the ‘09 advance, but it did not get to the old high, meaning a relative weakness.  He does not think you will get hurt, but he does not see any downside, or upside.  It is dead money as far as he can see.  At $9.60, it has already topped out.


Price:
$9.380
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-03-24 HOLD Must be logged in to use chart HCG-T Home Capital Group

We advanced above the panic 2009 level, but have almost gone back to those levels.  We made a low and bounced up. The question is if we make it above the pivot point.  He thinks maybe we have.  Have a stop loss strategy at around  $30.60. 


Price:
$34.550
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-03-24 BUY Must be logged in to use chart IFP-T Interfor Corp

He likes the forestry sector because the underlying commodity is one of the nicer looking commodities.  It is in an upward price channel.  We had a correction in IFP-T and the volume has increased.  US housing has had recent good news.    He would watch these lows and they HAVE to hold.  $8.95, for example. 


Price:
$12.470
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-03-24 HOLD Must be logged in to use chart INTC-Q Intel

He uses departure analysis when the 50 crosses the 200.  When that happens you are too far.  The trend is clearly upward.  Technology should do well this year so stick with it.


Price:
$31.880
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-03-24 WATCH Must be logged in to use chart LNR-T Linamar Corp

A bear wants to make a new low within 26 weeks. Is it a corrective phase or is it rolling over.  See if it makes a new low.  It looks like AN-N has bottomed, but he would be careful.


Price:
$62.470
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-03-24 BUY Must be logged in to use chart NA-T National Bank of Canada

It is weaker than its peers.  It broke below the 200 day average.  This is the typical ABC correction.  The low now should hold.  It won’t be one of the stronger stocks, but there is no harm done. The sell-off is over.


Price:
$41.560
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-03-24 DON'T BUY Must be logged in to use chart NYX-X NYX Gaming Group Ltd

There isn’t a multiyear on this one.  Some of the peers are in trouble so he would avoid this one.  It is guilt by association with AYA-X.  We had an advance, but the volume has not increased, so it may be misleading. 


Price:
$2.800
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-03-24 DON'T BUY Must be logged in to use chart OR-T Osisko Gold Royalties Ltd.

You have a peak and then a fat line, but you had increasing volume.  Compared to XGD-T it is not as strong as the index.


Price:
$12.900
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 1,661 entries
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