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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
2014-08-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. These markets are aging. They are in year 5. As a market ages, it starts to rotate, which he thinks is happening. We are moving out of high-priced assets or assets that have been working and into assets that have a bad reputation for not working. The current market can go on for quite a while. Watch the 200 day moving averages. Most indices corrected back down and bounced off the 200 day, and will probably continue higher. As long as the 200 day is pointed upward in a rising trajectory, we have a bull market. Financials have not rolled over and are still in an uptrend. The Dow broke the 200, but he doesn’t trust the new Dow. They screwed it up by putting too many consumer stocks in it. In a rotation, you have 1) leading sectors, 2) coincident sectors and 3) lagging sectors. Currently we are going through the coincident sector. We are done with consumers so we are moving into industrial and technology, and then we are going to work into materials, which are coming along too. If he had to pick one sector where he wanted to be now, besides materials it would be industrials in both US and Canada, but particularly in Canada. ETF’s are probably the best way to play this market. If you are a good stock picker, what you can do is pick a sector that you like, and then you can drill into the sector and pick a few stocks.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
_N/A
2014-08-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Oil. The chart on crude oil shows a “short-term” break, which is just a trading break. It could correct down a little bit more. Anything related to crude, he would be careful of.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
_N/A
2014-08-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold. He likes gold, because the US$ has had quite a rally over the past 6-8 weeks. Usually a rally in the US$ is going to hurt gold, but it didn’t. It’s very unusual to have both of these rally, and it’s a very bullish sign for gold. Any reasonable gold stock, unless it has a mine in a dangerous place, probably should be held. It is important that from June of last year, we are seeing higher lows. It is just a matter of time until the pivot point of March 2014 will be taken out.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
_N/A
2014-08-12 COMMENT Must be logged in to use chart ACQ-T AutoCanada Inc.

An overcrowded trade. This is a tough business. It’s okay if car sales are strong, but if car sales flatten out, he wouldn’t want to be there. There is no sign of a breakdown yet, but he would be very careful. He would look for a rally back up to half of its decline, around $78, and then don’t let it go down below its low of around $71.


Price:
$70.940
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
Unknown
2014-08-12 BUY Must be logged in to use chart AGT-T Alliance Grain Traders Inc.

In a sector he likes. Chart is showing a symmetrical triangle in 2012/2013, which is bullish. It broke out from that and he think it works higher. There is no reason not to like it. It has acted fairly well, even though we have had a collapse in grain prices. Also, there is not a lot of inventory.


Price:
$21.660
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
Unknown
2014-08-12 PAST TOP PICK Must be logged in to use chart ATA-T ATS Automation

(A Top Pick Aug 20/13. Up 22.44%.) He likes the industrial sector and this is a component that is not overly followed. In Canada industrials have been led by the 2 rails. In that basket of about 21 stocks, half of them are underperformers and they are going to start pulling their weight now.


Price:
$14.990
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
No
2014-08-12 COMMENT Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

This is in a sector that he thinks is getting tired. However, there is still no sign of a top on his charts. The one-year chart shows a long area, from March to August, of consolidation at around $30. If you are in this, be very careful. Thinks it is dead money.


Price:
$29.750
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
Unknown
2014-08-12 COMMENT Must be logged in to use chart AUQ-T AuRico Gold Inc

(See comments under Gold.) The only problem he has with this is that it may be a sector laggard. He would prefer gold stocks that are out performers in the sector. He wouldn’t add to this one, but would pick another stock instead.


Price:
$4.950
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
Unknown
2014-08-12 DON'T BUY Must be logged in to use chart AYA-T Amaya Gaming Group Inc.

This is a stock that is overhyped. Thinks this is an overcrowded, overloved trade. Gamble is probably a good word for it. Wait for a big correction.


Price:
$26.900
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
No
2014-08-12 BUY Must be logged in to use chart BB-T BlackBerry

To him, this is an under owned stock. Fairly disliked. When you get a stock like that which doesn’t make new lows, and actually has a series of higher lows, this could be acquired in here.


Price:
$10.290
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
No
2014-08-12 DON'T BUY Must be logged in to use chart BNP-T Bonavista Energy Corp

If this is gas related, it is probably okay. It will at least run back up to the old highs, and maybe higher. He is kind of dubious about anything that is oil related. We’ll probably get a rally in here, but he thinks the lower fruit has been picked in the energy sector. The chart looks like a long A B C. He would be careful of this At $14, he would start reducing.


Price:
$13.920
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
No
2014-08-12 COMMENT Must be logged in to use chart CEU-T Canadian Energy Services & Technology

This has had a more shallow correction so he rather likes that corrected period. Chart indicates an A, B and C. Sometimes the B will be a little bit higher, but he thinks you are fine. There is support at around the $9.50 area.


Price:
$9.730
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
Unknown
2014-08-12 BUY Must be logged in to use chart CSX-N CSX Corp

The rails are still in play as far as he is concerned. They want to work higher. Chart shows an elevated base in 2012, and then it moves higher. The transportation section has corrected down to the 200 day, and now we are rallying back. There is no sign of a top as yet.


Price:
$29.630
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
Unknown
2014-08-12 TOP PICK Must be logged in to use chart ELD-T Eldorado Gold

This had a very high Short position and gold stocks were out of favour. Chart shows this had a massive underperform from 2012 into 2013, and then it started to change and the gap started to close. Started to relative outperform in early 2014. He likes the gold space.


Price:
$9.270
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
Yes
2014-08-12 TOP PICK Must be logged in to use chart HBM-T Hudbay Minerals Inc.

This has satisfied some of his requirements. 1) A highly shorted stock (Shorts have been covering lately) and 2) the Relative versus the Broader TSX was improving. The three-year chart shows the declining strength during 2012-2013. Now it is moving up and the gap is getting narrower because the Relative is improving. A perfect scenario this late in the Bull.


Price:
$11.170
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
No
Showing 1 to 15 of 1,372 entries
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