Latest Top Picks

Stock Opinions by John Manley

TOP PICK
SPDR Gold ETF
This is a play on the bullion. As the markets have been breaking out into new highs, gold has been doing so also. Technically it looks like it is going to have an ascending triangle break out. Looking for gold to challenge its previous highs of $720.
investment companies / funds
TOP PICK
This is the exchange that trades futures and options. They are in a bid now to buy the Chicago Board of Trade. Sees the consolidation in this area being very positive. Thinks the next resistance level is $580. Earnings come out on April 24, so wait for that. Because it is expensive, he would play it with options.
Unknown
TOP PICK
Goldman Sachs
Has been weak against the markets but broke out quite strongly today. This is a short-term buy.
investment companies / funds
PAST TOP PICK
(A Top Pick Jan 24/07. Down .07%.) Showing a reverse head and shoulders pattern and has broken above the neckline, so it may have little more room to run.
Financial Services
PAST TOP PICK
(A Top Pick Jan 24/07. Up 9.5%.) This is broken out with the oils. Very over bought at this time.
E.T.F.'s
BUY
Bank of America
US banks had a hard time because of the sub prime mortgage situation. Chart shows a double bottom in March with a higher high. Technically it says the downturn is over for a while. You could enter now for a short-term trade.
banks
WAIT
Alphabet Inc
Likes as a long-term play. Broke out quite heavily above its recent consolidation period, which could indicate a new trend beginning. He sees a near-term resistance of about $480. Earnings are coming out on the 19th, so would stay away until after that time.
Technology
BUY
Yamana Gold Inc.
Technically, the long-term trend line is intact and it looks fairly healthy.
precious metals
BUY ON WEAKNESS
Pfizer Inc
Looks like it is in the process of breaking the downtrend. That was established with the recent higher lows. If you own, he would Hold.
biotechnology / pharmaceutical
HOLD
It is just now at its resistance point and he would like to see it breakthroughs that. The next resistance point could be quite high. Look for low-risk entry points to accumulate.
other mines
COMMENT
Has had support around $29 and completed a double bottom in March. There is a higher low. Might be considered as a tradable instrument, but not a long-term Hold. Very volatile.
Automotive
PAST TOP PICK
(A Top Pick Jan 24/07. Up 14%.) Oils have done quite well and continue to do well. In the short term, it's a little over bought.
E.T.F.'s
WATCH
Unwired Planet
The chart shows it has been consolidating and has been in a narrow channel for some time. Could be OK for trading. When it gets down to its support line, you could take a position. Doesn't see any catalyst for it to break out.
Business Services
WEAK BUY
Altaba Inc
Fairly expensive at 61 X earnings. Has a weekly resistance around $34 and daily resistance around $32. If it does break through $32; he wouldn't expect it to go more than $34. He calculates a 2 for 1 reward risk.
computer software / processing
WATCH
BlackBerry
Just came out with earnings last week and the stock was down. Shown some support around $125 but is still a little weak. Would look for a hold at the support line and if it did turnaround there, he would enter a small trade there looking for a tradable bounce.
electrical / electronic
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