Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 2, 2016

Chart shows a base of $15, and he was trying to trade between $15 and $18, and then there was a breakdown. Banks make a little bit more money when rates go up, and there was an outlook for that to happen, but it now may or may not happen. Thinks it will get a return to $15 on an oversold bounce, and he doesn’t like a big long base break down like this.

Bank of America (BAC-N)
February 2, 2016

Chart shows a base of $15, and he was trying to trade between $15 and $18, and then there was a breakdown. Banks make a little bit more money when rates go up, and there was an outlook for that to happen, but it now may or may not happen. Thinks it will get a return to $15 on an oversold bounce, and he doesn’t like a big long base break down like this.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$13.230
Owned
Unknown
COMMENT
COMMENT
February 2, 2016

With leveraged ETF’s, you don’t trade them for the long-term. You buy them for a very specific trade because you are getting double the fun. You have to remember that these funds are reset every day. Oil itself is not basing and he doesn’t think it is time to buy it. If oil does bounce, he would only hold this for 2 or 3 days.

With leveraged ETF’s, you don’t trade them for the long-term. You buy them for a very specific trade because you are getting double the fun. You have to remember that these funds are reset every day. Oil itself is not basing and he doesn’t think it is time to buy it. If oil does bounce, he would only hold this for 2 or 3 days.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$2.900
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
February 2, 2016

(A Top Pick Dec 18/15. Down 14.96%.) Was looking for it to get into the $40 area, but it failed and has broken down. It is oversold like a lot of stuff right now, and he is looking for an exit in the next little while.

BB&T Corp. (BBT-N)
February 2, 2016

(A Top Pick Dec 18/15. Down 14.96%.) Was looking for it to get into the $40 area, but it failed and has broken down. It is oversold like a lot of stuff right now, and he is looking for an exit in the next little while.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$31.580
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 2, 2016

(A Top Pick Dec 18/15. Down 5.53%.) Still holding this in his income portfolio as the dividend is fantastic. However, Sold it out of his growth portfolio. On a long-term chart, the stock has come into a reasonable level.

(A Top Pick Dec 18/15. Down 5.53%.) Still holding this in his income portfolio as the dividend is fantastic. However, Sold it out of his growth portfolio. On a long-term chart, the stock has come into a reasonable level.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$15.770
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 2, 2016

(A Top Pick Dec 18/15. Down 9.28%.) He has held this for about 18 months, which for him as a trader is a long time. Generally, the stock has been okay, but it is breaking down right now. Will probably be looking for an exit point pretty soon. Everything is so oversold right now that you don’t want to Sell into the madness. He is looking for a short-term rally in order to get out.

WSP Global Inc. (WSP-T)
February 2, 2016

(A Top Pick Dec 18/15. Down 9.28%.) He has held this for about 18 months, which for him as a trader is a long time. Generally, the stock has been okay, but it is breaking down right now. Will probably be looking for an exit point pretty soon. Everything is so oversold right now that you don’t want to Sell into the madness. He is looking for a short-term rally in order to get out.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$38.630
Owned
Yes
WATCH
WATCH
February 2, 2016

This chart is very, very typical of a lot of stocks right now. They are moving sideways and kind of trapped in “never never” land, like the market has been in the last 1.5 years. You want to watch this to make sure it does not break down. At this point it is fine. If it bounces off the current support level, where it is trading right now, it should be fine.

Boeing (BA-N)
February 2, 2016

This chart is very, very typical of a lot of stocks right now. They are moving sideways and kind of trapped in “never never” land, like the market has been in the last 1.5 years. You want to watch this to make sure it does not break down. At this point it is fine. If it bounces off the current support level, where it is trading right now, it should be fine.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$117.520
Owned
Unknown
COMMENT
COMMENT
February 2, 2016

The chart shows a classic topping breakdown. It touched the rising trend line over and over again, and then topped. Broke down through the neck line at around $31, and then fell down. It tried a countertrend rally which didn’t work. The next support level should be at around $17-$18.

CSX Corp (CSX-Q)
February 2, 2016

The chart shows a classic topping breakdown. It touched the rising trend line over and over again, and then topped. Broke down through the neck line at around $31, and then fell down. It tried a countertrend rally which didn’t work. The next support level should be at around $17-$18.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$22.030
Owned
Unknown