Kenneth P. Norquay, CMT
Partner at Castlemoore Inc.
Member since: Dec '06 · 157 Opinions
Rating
Big Win
Win
Neutral
Loss
Big Loss
Stock Opinions by Kenneth P. Norquay, CMT
TOP PICK
Was in a roaring bull market, went sideways for quite a long time and has now just broken out to new highs. He can see no resistance from here and would put a stoploss at about $58, with the right to raise it.
oil
gas
TOP PICK
(London Stock Exchange)Statistically both trusts and energy stocks are starting to come on. Good combination. For longer-term investors, he would suggest a stoploss of about 10%-15% below where it is.
food services
TOP PICK
Has broken out to new highs. Suggested stoploss would be around $35.
oil
gas
PAST TOP PICK
(A Top Pick Apr 17/07. Up 0.4% including dividends.) This is no longer a technical pick. It is now a fundamental pick. Will takeover go through or not? Had a stoploss and was stopped out of part of his position.
telephone utilities
PAST TOP PICK
(A Top Pick Apr 17/07. Down 17%.) When the Cdn$ gained strength last summer, that was his exit point. If you are a short-term trader, this is not a bad Buy point as it allows you to put a very tight stop in.
E.T.F.'s
PAST TOP PICK
(A Top Pick Apr 17/07. Down 10%.) Was in an uptrend until December and then headed down.
E.T.F.'s
WATCH
In a dynamic uptrend. Very sharp correction in January and is now consolidating. Formed a triangle from the 2 last highs. When it breaks through the top of the triangle with high-volume, that is bullish. If it breaks through the bottom, look out.
precious metals
WATCH
Builds nuclear/coal fired power plants and oilrig platforms. Judge your entry point by overall market’s entry point. Had a very sharp selloff in January (selling climax). US market is currently giving a test of lows. Once this market reverses, like a high volume up day, that's the time to come in. 1st resistance will be the recent high of a few days ago. 2nd resistance will be at the January highs.
oil
gas field services
DON'T BUY
Went sideways for a while and has now just cratered. To play it, you need to wait for a reversal.
banks
BUY
This one is in an uptrend and is still going up. Went through its resistance level from 07 and that is a very bullish sign. With gold going up at the same time, this is a very positive sign.
precious metals
WATCH
For an entry point, he would use any breakout beyond the 2 highs of November and March of about $1.60 and is accompanied by a lot of volume. Otherwise, it is in the sideways pattern at $1.40.
precious metals
HOLD
In an uptrend and has broken through new highs in the short term. The $48.50 .would be your stoploss.
integrated oils
COMMENT
Has a positive long-term uptrend in a market that is not really positive long-term. In the last 2 months it sold off with the rest of the market from a new high in January. Now consolidating. If it broke through the recent highs of $60, that would be a bullish signal.
food processing
DON'T BUY
Good solid uptrend until last summer and has been going sideways ever since. More or less in line with the rest of the market. Not a great chart.
environmental
COMMENT
Stock has been in a downtrend for a year and it's very serious right now. From a technician's point of view, the uptrend has been broken and the Sell point was at about $63. There could be another climax approaching. There was a climax reversal in January and the financials did bounce, but unfortunately it wasn't over.
banks
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