Opinions by Hap (Robert) Sneddon FCSI | StockChase
1519
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder

ON STOCKCHASE SINCE Jan 2007

Castlemoore Inc.
1 First Canadian PlaceSuite 3700Toronto, ONM5X 1C9
T: 416-306-5770 F: 416-664-8801 robert@castlemoore.com
www.castlemoore.com


Opinions by Hap (Robert) Sneddon FCSI



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Signal Opinion Expert Chart

2017-11-17

N/A
A Comment -- General Comments From an Expert 

Market. Industrials, technology, financials, and materials are showing decent relative strength. The advance/decline lines have been a stubborn holdout, but this week it has turned. Everything else was already moving. When comparing the index to the advance/decline lines, it was still negative, but has flipped and gone positive this week. Signs point to a pretty good run right through to 2018. With higher rates, he believes the consumer and businesses gets us well out into 2018.

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: _N/A

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2017-11-17

COMMENT
Aurora Cannabis (ACB-T)

Chart shows some big upward spikes. There is some support at around $3.50. It spiked today to $5.64, and when you have a big spike like this, it’s really hard to tell what is going to happen the next day. Some indicators are rolling over, just slightly, so he expects this is going to be really volatile.

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: No

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2017-11-17

WAIT
Agnico-Eagle Mines (AEM-T)

Probably in a “pause” situation, as it has been for the last few months. This might be that December time, when it breaks above the downtrend that has been going on since mid-2016. He would look at this in December. Overlay this with the underlying commodity just to see how it is acting. If it is starting to move ahead of the commodity, that is probably a pretty good sign.

precious metals
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Unknown

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2017-11-17

TOP PICK
Altagas Ltd (ALA-T)

Hoping to close a huge US utility acquisition. Chart shows a bit of base at around $27. The recent earnings report was really good. Raised their dividend which laid the concerns about the acquisition being dilutive. Although not a pure energy play, you are getting exposure to gas, you are going to get exposure to other parts of their business. Expects it could reach $35. Dividend yield of 7.5%. (Analysts’ price target is $33.50.)

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Yes

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2017-11-17

PAST TOP PICK
Aecon Group Inc (ARE-T)

(A Top Pick Sept 28/16. Up 13%.) About to be taken over by a Chinese buyer, but he tends to think the government will step in and block the sale. He likes the whole space. He would come back to this in a heartbeat if the deal fell through.

contractors
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: No

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2017-11-17

PAST TOP PICK
Baxter International Inc (BAX-N)

(A Top Pick Sept 28/16. Up 35%.) Believes he will be holding this for quite a long time. They are the best in the medical devices/medical supply. Expects it might go sideways for a while and it would be a Buy on any weakness.

biotechnology/pharmaceutical
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Yes

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2017-11-17

BUY
Berkshire Hathaway Inc. (B) (BRK.B-N)

Looking at the components, it has underperformed a little, but the chart shows a nice little trend from 2016. This would be a good risk/reward entry point.

insurance
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Unknown

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2017-11-17

COMMENT
Deutsche Bank AG (DB-N)

Has been a laggard and went through things other banks haven’t. Chart looks similar to last year’s where we had some higher lows, where the longer-term trend was broken. You want to see this move up through that line substantially, and it has already done that. Some indicators are starting to turn up. This should move with rates going higher. The break out through $18 was an indication this should move higher.

banks
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Unknown

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2017-11-17

COMMENT
Enbridge (ENB-T)

Has been a little frustrating. Despite the slow incline, it has been pretty orderly and not choppy. We are getting close to a place where some interest will come in, but it might have to go a little lower. The action in late 2015 and early 2016 was pretty significant, and we are not that far away from it. You might be in the ballpark right where it is. There might be a 10% risk from now to the downside, which might be a little higher than what he would like. Prefers Inter Pipeline (IPL-T). 

oil/gas pipelines
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: No

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2017-11-17

PAST TOP PICK
Extendicare Inc (EXE-T)

(A Top Pick Sept 28/16. Up 1%.) Earnings were very reasonable, but the market is very “fair weather” these days. There are lots of places on the chart where buyers would come back in again.

other services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Yes

Must be logged in to use chart

2017-11-17

COMMENT
SPDR Gold ETF (GLD-N)

What influence does the US$ have on gold, and are the producers moving? There is a pretty strong correlation with the US $. When gold was strong, the dollar tends to be weak, and vice versa. At some point, all correlations kind of break. He expects to see some sort of bottom in bullion in December. The chart has been very choppy and has really been going nowhere, but some of the producers have been moving much higher. (See Top Picks.)

investment companies/funds
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Unknown

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2017-11-17

TOP PICK
iShares Nasdaq BioTech ETF (IBB-Q)

When looking at sector rotation, biotech technology to a certain degree, is sort of in the middle. The strong rotation we’ve seen has been in industrials, energy and financials, but healthcare is sort of in the middle. This is at a good level to step in. Not for the faint of heart.

E.T.F.'s
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Yes

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2017-11-17

COMMENT
iShares Dow Jones Transport ETF (IYT-N)

Transports confirm the Dow, because if goods are being produced, they have to be shipped somewhere. We’ve had a good run, but the market expected a bit of a correction from August, and this has gone down recently. Doesn’t think that is terminal. Chart shows a big rounded base for 2015-2016 with pretty positive action in 2017. Unless it breaks the lower band of around $160-$164, this is quite constructive and quite positive.

E.T.F.'s
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Unknown

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2017-11-17

COMMENT
National Access Cannabis Corp (NAC-X)

The one thing about a new space is that there is going to be lots of movement. If getting into the space, he would go into some of the bigger ones. An ETF such as Horizons Marijuana Life Sciences IDX (HMMJ-T) might be a better way to play the sector, but expect some volatility.

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: No

Must be logged in to use chart

2017-11-17

COMMENT
New Flyer Industries Inc. (NFI-T)

Canadian industrials still look pretty good. Chart shows a nice upward trend from 2015, followed by a sideways move this year. However, it has hung on to the lower end of the 2017 base. Unless it got below $46, you are probably not going to have too much problem with it.

income trust
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Unknown

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