Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
August 10, 2016

Seasonally, water stocks tend to do well in the summer. This one has had a phenomenal run for the last year, all the way from $50 to about $84 recently, and is now starting to pull back. It had become overbought. Investors are taking profits, and rotating into other areas. He would stay away.

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Seasonally, water stocks tend to do well in the summer. This one has had a phenomenal run for the last year, all the way from $50 to about $84 recently, and is now starting to pull back. It had become overbought. Investors are taking profits, and rotating into other areas. He would stay away.

COMMENT
COMMENT
August 10, 2016

Gold miners have a seasonal run between the end of July, all the way to the beginning of October. A better way to play this is through the ETF GDX-N, which is a broad basket of all of them. Eldorado is not performing as well as the broad group of miners. The chart shows a bit of underperformance against the market, and momentum has actually been diverging from price. Chart shows a double top. If we get a break below $5.16, the double top would suggest another $1.50 below that.

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Eldorado Gold (ELD-T)
August 10, 2016

Gold miners have a seasonal run between the end of July, all the way to the beginning of October. A better way to play this is through the ETF GDX-N, which is a broad basket of all of them. Eldorado is not performing as well as the broad group of miners. The chart shows a bit of underperformance against the market, and momentum has actually been diverging from price. Chart shows a double top. If we get a break below $5.16, the double top would suggest another $1.50 below that.

COMMENT
COMMENT
August 10, 2016

This has had a parabolic move, and he is always hesitant about getting into a parabolic move. You want to be getting into these when they are closer to support of their 20 or 50 day moving averages. This had its 20 day closer to the end of July, which would have been the ideal point. Seasonality is still positive and the chart is still positive. Technically the stock gapped higher today, and that the gap will act as a level of support.

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Ivanhoe Mines (IVN-T)
August 10, 2016

This has had a parabolic move, and he is always hesitant about getting into a parabolic move. You want to be getting into these when they are closer to support of their 20 or 50 day moving averages. This had its 20 day closer to the end of July, which would have been the ideal point. Seasonality is still positive and the chart is still positive. Technically the stock gapped higher today, and that the gap will act as a level of support.

COMMENT
COMMENT
August 10, 2016

This doesn’t have a seasonal chart, but technically it had a parabolic move up at the beginning of 2015, followed by a parabolic move lower. Now it has started to break higher again. Whether this is on news or otherwise, it has found some support. Momentum indicators are moving higher. Everything seems to be positive and then technicals are looking well.

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This doesn’t have a seasonal chart, but technically it had a parabolic move up at the beginning of 2015, followed by a parabolic move lower. Now it has started to break higher again. Whether this is on news or otherwise, it has found some support. Momentum indicators are moving higher. Everything seems to be positive and then technicals are looking well.

COMMENT
COMMENT
August 10, 2016

Transportation stocks, airlines in particular, tend to do well September all the way through to the holiday season, about the November timeframe. They generally peak at the US Thanksgiving. We are currently in a period of seasonal weakness, and this one is showing that quite prominently right now. Chart shows a decline starting in April. If it can hold the $6.40 level, that would be an ideal point to enter for the seasonal play. If we break that, there is a bit of a descending triangle that suggest we could see a $.75 drop below the $6.40 level. You should have your stop level at that point, because losses could be substantial.

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Transat AT Inc. (TRZ-T)
August 10, 2016

Transportation stocks, airlines in particular, tend to do well September all the way through to the holiday season, about the November timeframe. They generally peak at the US Thanksgiving. We are currently in a period of seasonal weakness, and this one is showing that quite prominently right now. Chart shows a decline starting in April. If it can hold the $6.40 level, that would be an ideal point to enter for the seasonal play. If we break that, there is a bit of a descending triangle that suggest we could see a $.75 drop below the $6.40 level. You should have your stop level at that point, because losses could be substantial.

PAST TOP PICK
PAST TOP PICK
August 10, 2016

(A Top Pick June 3/16. Up 5.23%.) Consumer staples tend to do well in the summer. Chart shows a strong upward trend from last September. The period of seasonal strength for this runs from June 20 to Nov 12th, and tends to gain about 8.9% on average. It has been positive in the last 14 out of 20 periods.

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Metro Inc (A) (MRU-T)
August 10, 2016

(A Top Pick June 3/16. Up 5.23%.) Consumer staples tend to do well in the summer. Chart shows a strong upward trend from last September. The period of seasonal strength for this runs from June 20 to Nov 12th, and tends to gain about 8.9% on average. It has been positive in the last 14 out of 20 periods.

PAST TOP PICK
PAST TOP PICK
August 10, 2016

(A Top Pick June 3/16. Up 1.36%.) When looking for yield in the summer, you want to shy away from the cyclical sector, and go towards these defensive assets. Fixed income products tend to do well. From May through to September/October, bonds tend to do well.

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(A Top Pick June 3/16. Up 1.36%.) When looking for yield in the summer, you want to shy away from the cyclical sector, and go towards these defensive assets. Fixed income products tend to do well. From May through to September/October, bonds tend to do well.