Here are some charts I am following for various reasons. I’ll look at the loonie, WTI oil, Canadian oil, the SPX, the TSX and Europe. If you have any broad market or sector charts you’d like me to address, please put them in the comments at the bottom. Here goes: Canadian dollar The loonie’s Read More
Dumb is as dumb does
The past few days have been illustrative of how “Dumb money” operates. For those unfamiliar with the term, Dumb Money refers to retail investors. Some of you may be familiar with the “Smart Money/Dumb Money” confidence spread indicator I post on occasion. Sentimentrader.com pits Dumb Money (retail investors, small lot traders, small options traders) against Read More
Loonie tug of war
While waiting for my time to get onto the set for Bloomberg/BNN’s Market Call on Friday (link is here), I happened to catch a commentary on the Canadian dollar via a previous interview. I got to thinking that the loonie has both push and pull factors working for, and against it right now. The question Read More
Will Canadian energy break out?
I was on Bloomberg/BNN’s Market call last Friday at noon. One discussion that came up was the outlook for Canadian oil. After four years of ignoring the importance of the Canadian oil scene, imposing carbon taxes, and no support for pipelines, the PM of Canada has apparently pulled his head out of his water box. Read More
Oil on trend, but some signs of caution appearing
WTI crude oil has been trending up since its trough low of mid 2016. At one point that trend looked to be in danger. The market looked to be cracking in mid-2017 as a price trough of $42.50 (from late 2016) was tested along with a break of the 200 day SMA. Despite the scare, Read More
They must be loonie!
The chart below, which I have posted on this blog before, shows you a trading zone that the loonie gets stuck in once in a while. Take a look at the adherence of that trading zone by the loonie after the 2008/9 crash, again in 2015, and again since July of last year. It likes Read More
Comfortably numb
This blog is a recap of a client update that we are sending out. I thought it would be of use to you for some forward strategy pondering. BTW – if you don’t already subscribe, our newsletter is sent out once or twice a month. It’s a recap of our client update, ex the Read More
Here’s where money is going
I’ve made no secret of it – we at ValueTrend hold a very strong belief that the market simply CANNOT continue to push high growth stocks up in a straight line. Something has to give sooner or later. Money may rotate out of some of these high flyers into value stocks, and/or overlooked sectors. There Read More
Oil’s well that ends well
WTI crude took an abrupt punch in the gut yesterday after a nice rally that began in early March. A couple of my long time readers asked me for an update on oil – so I thought I’d oblige. There are a few factors we may want to examine when looking at any sector or commodity Read More
Oil update
I noted a while back that I went long oil. Here is my closing paragraph on the blog- which outlined my target, and stop loss strategy: We view this as a seasonal trade at this juncture. Oil tends to be a good trade between February and May. Our commitment to holding oil much beyond Read More