I’m convinced that technology and stay-at-home stocks will outperform over the longer term. However, it is my belief that in the near-term (weeks or months), we may see some shift OUT of technology/stay-at-home names that have been leading the market. I believe that shift will push capital INTO quality value names, particularly those sporting sustainable Read More
Is post-crash rally-volume telling us something?
Just a couple of thoughts today folks. Just back from a week away at the cottage, and way behind in my work. First thought: While we all know that the summer can bring with it lower trading volumes as institutions, traders and retail investors take a break – its important to note that the Read More
Growth stocks vs. value stocks. Which to own?
“Growth” stocks appear to be rather overbought when compared to their “Value” stock siblings. The chart below is that of the iShares Morningstar large capped growth index ETF (JKE). Its top holdings will not shock you. AMZN, MSFT, FB, GOOGL, V, NFLX. In other words, the same names that have driven the market of late. Read More
America is a mess. Stores are closing down because of the pandemic and riots. The stock market is up…..everything is normal.
Today’s title is brought to you by Brooke Thackray, who is not just a good research analyst, but a master of sarcastic wit at times. He emailed me this short comment this morning. Its always interesting to see the reflection of human emotion and how it plays out on the stock markets. Technical Analysis is Read More
Time to rotate into value stocks?
I’ve noted in past blogs that market breadth remains poor (concentration of buying in just a few stocks). This market has risen on the back of very few stocks – largely benefiting from the “stay at home” trend. Names in the take out food industry (Chipotle, McDonalds), companies involved with remote access or internet interaction Read More
Down & out vs. Down & opportunity
A few sectors, namely retail food industry and companies having anything to do with remote work access have done well in this free-fall market. Beyond those areas, pretty much everything else is under water. Some sectors are more or less in line with the markets. So, that means most stocks or sectors are down about Read More
Stocks that might benefit from a stay-at-home policy
It’s interesting to see how China, the instigator of this virus (apparently Taiwan as well) has managed to control the COVID-19 virus. Canada and the USA will probably at some point be forced into instigating a wide stay at home policy. China instigated a 30-day shut-down of everything – including an enforced stay-home policy. This Read More
Must everyone get stoned?
Bob Dylan sang a tongue-in-cheek song called “Everyone must get stoned”. Despite the songs name, it was actually not about getting stoned via recreational drugs. Today I’d like to look at marijuana stocks. Most certainly, this sector stoned its investors in 2019. But there wasn’t much recreation in that stoning. The most followed ETF in Read More
Real Estate is weakening
Canadian real estate appears to be on the verge of rolling over. I couldn’t get a TSX Real Estate Composite chart from stockcharts.com, so I have copy/pasted a chart from my Thomson Reuters system below. Note the lower highs and lows on the weekly chat, and the current flirtation with the 200 day (40 week) Read More
Sideways stocks worthy of consideration
I like stocks that are trading sideways. In fact, I like them so much that I named my Technical Analysis book after the pattern (Sideways: Using the power of Technical Analysis to Profit in Uncertain Times). Consolidation patterns often occur after a period of above-average returns. The consolidation returns the stock or sector to its Read More