Latest Stock Buy or Sell? Make More Informed Decisions!

Today, Hap (Robert) Sneddon FCSI commented about whether XLP, EXC, FXI, RTX, MBT.TO, DML.TO, BBD.B.TO, MFC.TO, CP.TO, CNR.TO, CCT.TO, ARE.TO, FTS.TO, ENB.TO, ABBV, LEG.TO, DHX.B.TO, TD.TO, CM.TO, MG.TO are stocks to buy or sell.

N/A

Energy. Technicals broke down through the $70’s and have reached a new low in the $67 area. He got out of all his energy stocks by the end of June-beginning of July. Still had some service companies connected to the business and hung onto those because he felt it was more of a price issue on the producers. However, once he got into September, they started acting a little odd. The TSX Energy Index has now moved back into oversold territory, so the herd mentality is decidedly negative. As we retest what looks like October lows, he thinks we are close to finding a bottom and we are getting back to the 2010-2011 levels. At this point, the risk/reward to sort of dabble in energy looks pretty good.

WAIT

Chart shows a pretty nice trend since 2012. There is going to be a little bit of resistance at the previous peak of about $124. He would like to see this break out with a little bit of volume. He would wait until it broke out before getting in.

COMMENT

On a short-term basis, this bank is running into resistance. Some of the indicators are a little bit high right now. The whole sector is reasonable and ranks well. One of the few pro-cyclical sectors that do rank well besides tech and industrials. He would rather pick this one up at around $95 or wait for it to break out to new highs at around $107.

BUY

This is lagging the other groups on a short-term basis, but the chart shows a nice solid trend line going up. It is banging right into the 21 day, around $51, right now, which is important for short-term traders, and he would like to get above that. He would like to see it test the October low again of about $48, or break out to a new high. You could buy this knowing that the downside is kind of limited and knowing you don’t have to wait too long for an upside breakout.

COMMENT

Hugging just below $9, which is the 50 day moving average, which is positive. Also, has the 16 week relative low, sort of converging. All these things are converging, where the risk/reward sets you up in a good situation. The upside, compared to the downside, is a lot greater. On a long-term basis, some of the indicators are starting to roll over.

COMMENT

This is starting to get back into the post-recession levels at the $3 range. A lot of the indicators are very oversold. When you have something that is oversold, it doesn’t mean that it can’t continue to be oversold. Looks like it is going to probe some of the low levels in 2008-2009 and the high $1’s and the low $2’s. Anything in that area is good if you are a long-term investor.

PAST TOP PICK

(A Top Pick Nov 14/13. Up to 48.85%.) Sold his holdings. Healthcare is identifiable, as clearly in a secular bull market for investors. He prefers focusing on the whole sector.

PAST TOP PICK

(A Top Pick Nov 14/13. Up 19.59%.) Chart shows it had a very good upward trend. It could come down further. Didn’t like when he started to see a demand issue in later August-September. This is one of the 1st places investors will go back to, when the energy picture starts to improve.

PAST TOP PICK

(A Top Pick Nov 14/13. Up 30.77%.) Chart shows it has really gone parabolic. He would expect it to come back into the range of $35-$37.50. This is in the right space.

COMMENT

Has fallen back into a range which can be normal, before it goes back out. A lot of indicators are really oversold. On a long-term basis he thinks this is still in the right space and is building a bit of a base here.

COMMENT

A pretty volatile stock with some pretty big swings between low $40’s and high $50’s. Until we see it break out above $60, it wouldn’t interest him. If you are trying to leg into this in the shorter term, you could use some Volatility Stops.

WAIT

Crude by rail and all the ancillary stuff related to oil have had an impact. This is one you could wait for as he doesn’t think there will be a quick resumption on the upside. Doesn’t feel oil is going to change the dynamic in the next week or 2.

WAIT

Unlike Canadian National Rail (CNR-T), this is a little bit more oversold on a daily basis. The chart shows a gap, and it could come down a little bit more. Hugging the 16 week low, which is really relevant.

BUY

Good investment. Just poking above the early highs that were there at the beginning of the year. This needs a stock market that goes up, and they need rates to go up. The markets have been good even though there has not been a rise in rates. This looks like a pretty good place to be.

WAIT

The $3.50 level was really critical and pretty good. Until you see it get above the $4.75 and $5 marks, he would wait. $5 really clears the deck up until around $7.20-$7.50.