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

Viewing Expert

Jon Vialoux , Research Analyst

Timingthemarket.ca & Equityclock.com


Date Signal Chart Symbol Company Opinion Price
2017-03-02 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Everyone wants to pin market value on the recent pro-business agenda of Donald Trump, but we can’t discount the fundamental data that is actually supporting the market right now. We have seen phenomenal economic data, including a Philly Fed index, a gauge of manufacturing conditions, the highest since 1984. Jobless claims are the lowest since 1970. The Small Business Optimist Index is the highest since 2004. Consumer confidence is the highest in 15 years. All these suggest there is a lot of optimism in the market. That is going to spill over into equity markets. Donald Trump is fuelling a lot of that optimism, but he doesn’t get all the credit. The economy is recovering from the manufacturing recession we have seen over the past couple of years. Factory shipments last year, were the highest in 6 years. Even the global PMI are inching up well into expansionary territory, some of them at multiyear highs themselves. Markets are feeling a little pricey now and are overbought. The S&P 500 hit the 300-point range when it broke out above 2100. You project that range above 2100 and it gives you 2400. 2400 was hit just yesterday. All the momentum from that bullish pattern has being exhausted, so you can’t say that the market is going to go much further, because it has reached the calculated target. Right now, we are at the most overbought level in over 20 years. It is now reasonable to expect a consolidation. Seasonally, we are still in a strong period for equity markets. March and April are 2 of the better months, and tend to gain about 60%-70% of the time each of those months. We are on a trend of higher highs and higher lows, so any weakness warrants to be purchased. It is a little difficult to put new money to work, so you want to pick your points, and perhaps wait for that pullback to the 20 or 50 day moving averages, which would be ideal entry points for this market.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
_N/A
2017-03-02 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

How do you tell if a stock is overbought or oversold? He uses 3 indicators; Stochastics, Relative Strength Indicator (RSI) and MACD (Moving Average Convergence Divergence). He is looking for divergences, for selling exhaustion or buying exhaustion. That is more interesting than if something is overbought or oversold. If something is overbought, that just suggests strength. You want to be in things that people are aggressively buying, to the extent that it pushes them to extremes that are at nosebleed levels. (StockCharts.com has an entire learning school.)


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
_N/A
2017-03-02 COMMENT Must be logged in to use chart AFN-T Ag Growth International Inc

Agricultural stocks in general tend to do well during the summer and tend to run up through to the end of the year. This one had a phenomenal run all the way from mid-$30 to the mid-$50. Quite a good stock to hold during that time. Right now, we are seeing it shows signs of weakness. Momentum indicators are trending lower. This has been flat since December when the period of seasonal strength ended for agricultural stocks. If it breaks through, very short term support at $50.50, you will see significant downside potential of about $6.


Price:
$52.680
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-03-02 BUY on WEAKNESS Must be logged in to use chart BAC-N Bank of America

Bank seasonally tend to do well from about mid-January all the way through to mid-April, so we are right in that sweet spot. Basically it should be a spike in interest rates during this time. Bond prices trade lower; hence bank stocks really benefit. This stock gapped higher yesterday, so there is a level of support directly below at about $25. He likes playing off the gaps, so when you have a gap higher or a gap lower, tend to trade off of them. $25 trades a short-term gap support based on yesterday’s activities, so you expect investors to shoot off that. If it breaks below that, you could see levels firmly below its 50 and 20 day moving averages. He has a 50 day at $23.17, but the moving averages are still curling higher. If you get a pullback in the stock, those would be opportune times.


Price:
$25.230
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-03-02 TOP PICK Must be logged in to use chart CAS-T Cascades Inc

Tissues and container boards. He is playing off the theme of improving shipments in the economy. Just reported earnings, and the market essentially gave them a pass as it didn’t trade down too much. Shipments are improving and this company is the way to play that. Between mid-March and the end of May is the period of seasonal strength. It gains an average of about 11.6% over that time frame. Good percentage, right space, fundamental data supports it, and it is starting to break resistance at about $13.14. Dividend yield of 1.18%. (Analysts’ price target is $15.)


Price:
$13.390
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
No
2017-03-02 WAIT Must be logged in to use chart CCO-T Cameco Corporation

The period of seasonal strength is October all the way through to January. The best months of the year are November and December. It bottomed in the month of November, ran up to January and has consolidated since. Now it is flagging. The chart is showing a consolidation pattern, nothing bullish or bearish, but it would suggest that break would be in the direction of the trend, which is higher. Wait for this to break.


Price:
$14.580
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-03-02 DON'T BUY Must be logged in to use chart CHR-T Chorus Aviation Inc

Transportation tends to do well this time of year, between late January all the way through until May. This is based on the cyclical improvement of the broader economy. Manufacturing tends to do well this time of year. Transportation, including this stock, has seen underperformance recently. The Dow Jones Transportation average in particular has been underperforming its benchmark average. That suggests buying demand is no longer there for transportation. You probably want to stay away until there is an improvement in buying demand. About $6.60 is its support.


Price:
$7.210
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-03-02 BUY on WEAKNESS Must be logged in to use chart CNR-T Canadian National R.R.

The trend is still firmly higher. It has been trading in a rising trend channel for the past 6 months, and there is no indication it is going to stop here. The major moving averages are all pointing higher. Transportation tends to do well from about the end of January all the way through to May, and that is attributed to the pickup in industrial production in the more cyclical areas of the economy. It looks ideal to pick up on any pullback or weakness down to its 20 or 50 day moving averages. He has the 20 day at about $92, which would be a more opportune time to pick it up.


Price:
$95.020
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-03-02 WAIT Must be logged in to use chart CSCO-Q Cisco

Technology tends to do well from October through to January, so we have just exited the period of seasonal strength where the stock gains about 25% on average. We are out of the period of seasonal strength, and currently are in a period of seasonal weakness, which runs through until about mid April. Technically, this has run up with the broad market, and all the indicators on his screen indicate that it is vastly overbought. Wait until it comes back down to some of the major moving averages, the 20 day at $32.89, the 50 day at $31.34. Start looking for your entry point at about mid-March through to mid-April.


Price:
$34.390
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-03-02 PAST TOP PICK Must be logged in to use chart DIS-N Walt Disney

(A Top Pick Nov 25/16. Up 12.75%.) The period of seasonal strength for consumer discretionary in general, is October through until April. The best way to play that is through the largest constituent within this space. It has outperformed the market and has done quite well during this time. You want to be looking to take profits on any weakness. Momentum indicators have been negatively diverging from the price, which indicates buying pressure has become exhausted. He would expect a consolidation trading lower, so consider taking your profits here.


Price:
$110.590
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Yes
2017-03-02 COMMENT Must be logged in to use chart EL-N Estee Lauder

Consumer stocks tend to see a bump up at this time of year through to May. We are still in a period of seasonal strength, which begins around the Oct/Nov timeframe. There was a bottom in December, and it has now traded higher. Trending above its 20 and 50 day moving averages. Support seems quite firm at the 20 day. A bit of caution, he sees the short and intermediate term trending positive, but the 200 day is still pointing lower. This indicates longer-term investors are selling every time it bumps up to that level, whereas intermediate or nimble players are playing the swings. Given your time horizon, it might be a bit toppy here. Chart shows a bearish candlestick, and the next level of support would be around $80, which would be the better time to pick it up.


Price:
$82.920
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-03-02 COMMENT Must be logged in to use chart FFH-T Fairfax Financial

Finance and insurance companies tend to do well between January and April, along with a rise in interest rates. This one has been a laggard. Has been underperforming the market and has been trading lower. However, there is a possible level of support you could shoot off if you are a nimble trader. $600 is a level of support, and has been bouncing from that in the last couple of days. It is moving up to its 20 and 50 day moving averages. If it can hold that level of support, there might be something in order to trade off of. The problem is, if it is broken. $600 has been a support for quite a while, and if you break that, you are likely to see significant lower levels.


Price:
$614.420
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-03-02 WAIT Must be logged in to use chart FTS-T Fortis Inc.

Recently, some of the defensive areas have been leading the market over the past few weeks. Typically that is a warning signal. It confirms his belief that we are going to enter into a period of consolidation. Everyone is getting defensive when the equity market is going higher. $43 is the level of resistance. The period of seasonal strength for the summer months, between July and all the way through to Sept/Oct. would be the time you want to be picking up more of this, the time when you want to become more defensive.


Price:
$42.700
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-03-02 PAST TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

(A Top Pick Nov 25/16. Down 3.73%.) This has been stuck in the mud, which has been frustrating because technology has done phenomenally well. It was the right space, but the wrong pick. Technology tends to do well between October and January. This one has just been stuck in a consolidation range.


Price:
$62.140
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
No
2017-03-02 DON'T BUY Must be logged in to use chart IVN-T Ivanhoe Mines

Some of these material stocks, miners in particular, have been turning lower. This traded up to $5, and then down to a low of $3.76 recently. Broke its 20-day moving average, and is now approaching its 50-day moving average. 50-day is still pointing higher, so you could see support, but given the volatility it makes him nervous. You want to be out of the mines right now.


Price:
$4.070
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 454 entries
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