I’m leaving tomorrow for Orlando, where I will be doing a seminar for the good folks at the Orlando Moneyshow this coming Saturday Fe 10th at 6:15pm. Here is the link for the Orlando show — If you happen to travel to central Florida during the winter, or if you have family/friends who do Read More
Assessing the Flying Five & implications for the market
A while ago I wrote a Halloween blog. It covered some of the historic anomalies that have occurred on the stock market this year. Here is the blog. One of the observations I made was that the markets breadth has been narrow. That is, there has been a lack of broad participation by the stocks Read More
It ain’t over ’til its over
If you follow this blog regularly, you will know that i periodically post the results from a compilation of indicators that I call the “Bear-o-meter”. The Bear-o-meter is not a crystal ball. But it is a pretty decent scorecard of measuring potential risk vs. return. The compilation consists of: 2 sentiment indicators (VIX, Smart/Dumb Read More
Hey Mac, wanna buy some Apple?
Should investors consider a position in AAPL now that it’s been kicked in the teeth? Let’s take a look at the chart and see where it stands technically. Here are my observations: The stock has moved quite nicely through two cycles of the 4 market phases –please refer to my book Sideways Read More
An AAPL a day…
Is Apple a buy right now? Somebody asked this question recently, so I’ll attempt to answer it. Long/mid termed perspective From the longer termed perspective, Apple is on trend (Phase 2 uptrend). Its above its 200 day (40 week) MA, it’s still hanging on to its trendline (although the current sideways pattern and recent Read More
Bruised Apple
What a difference a week makes. Just last week, virtually every brokerage house had APPL as a buy, most with targets of $600 or higher. Carl Icahn (the infamous hedge fund manager) likes the stock–and he’s a smart guy, isn’t he? Technically, the base and breakout, seen on the chart below, was inarguable. Thats what Read More
Creating a shopping list
There are a few near termed signs suggesting that we may indeed see a typical spring peak, followed by an early summer selloff. On the daily S&P500 chart, note the squeezing of the Bollinger Bands (often denotes a near termed change pending), the divergence in RSI and MACD momentum, and the very, very narrow volume Read More
Outlook for gold and silver
A few readers and BNN callers have asked me about gold and silver lately, and I’m happy to address the outlook for these metals with a few of my technical observations. Before doing so, I’d like to ask readers to post your questions and requests for sector analysis on this blog. I dont like to comment on Read More
How far does the AAPL fall from the tree?
Well, with all of the noise surrounding APPL, you knew I would have to comment on it. After all, way, way back last fall, when it was just coming off of its $700 highs, I posted a commentary on the potential for it to fall to $550-ish. Here it is: https://www.valuetrend.ca/?p=1488 Boy, was I Read More
CP or CNR?
For this week’s sector talk, I’d like to explore the Canadian railways. Rails in general are pretty good long termed bets in Canada. Peter lynch, former manager for the famous Fidelity Magellan fund, once said that you should try to buy companies with a “barrier to entry” in their business. Think of Apple’s problems right Read More