Arbor Realty Trust (ABR-N)

The dollar has been crazy. Te stock is definitely struggling a bit. It is more of a consolidation. It is forming a triangle. It depends what side of the triangle it breaks out on. Don’t make a prediction until it proves which side of the triangle it will break out on.

A 9% yield, often indicates a fundamental problem. Chart shows a long term sideways move with a breakout consolidating, creating a bit of a triangle. You do not want to see it reaching its support level. If it broke out to the upside, that would be very bullish, but if it broke to the downside, that would be very bearish. To him, it is a very neutral looking stock. You could continue owning this, but he would definitely check the fundamentals, because the 9% yield scares him more than the chart pattern.

Thinks the Cdn$ is going to strengthen and could go up to $.80. Depending on the nature of this market that we get, it could go a bit higher. The chart shows a nice upward trend from early 2016. There is a little bit of exhaustion indicated by a double top, and the lower trend is slightly below that. He would be inclined to sell this, repatriate your dollars, and look for a couple of names in Canada that are doing really well in the real estate space.