DON'T BUY

Heading lower since 2022 and continuing to slip. Not a healthy chart. Remains weak here. Doesn't like that it took out the January 2023 low. If it closes below the November 2022 low, definitely take the position off. 

BUY

Chart's working. He'd add exposure. This is the one you want to own.

COMMENT
Investing strategy.

Investors do the exact opposite of what they're supposed to do. You're supposed to sell your losers and let your winners run. Human psychology makes us repeat the same mistakes. They get the adrenaline rush of cashing in on a gain. Then they hope and pray that a 10% loss becomes a 0% loss. Every 90% loss starts off as a 10% loss.

The biggest enemy for every investor is themselves.

STRONG BUY

As we're speaking today, AMZN is literally clearing the 200-day MA. Since 2022, stock's been below that MA. That's a big deal. A lot of eyes on that moving average. Intermediate-term trend is now up. Next upside target is around $130, 17% upside from current levels.

SELL

Heading down and continues to make new lows. Moving opposite to the TSX, which has turned and is heading higher. Lower lows and lower highs, the definition of a downtrend. Sell your losers.

BUY

Chart shows it's just starting to turn around from its downtrend. Would definitely recommend.

BUY

Good long-term chart, up and to the right. Use weakness to add exposure. Breaking out to new highs is telling you something, that we're in a bull market.

COMMENT
WTI oil and energy.

Warning: viewers out West may not like this opinion. Energy is a late-cycle play. When the economy is running on all cylinders, that's when energy starts to run hot. Pandemic was a black swan event that forced a spike in the chart.

His view is that oil will be in a choppy, sideways trading range between $60-85 over the next 2 years until 2025-late 2026. Energy probably won't have negative performance, but it could be challenged in terms of performance relative to the TSX. Right now, we're 7 months into the cycle.

WAIT

Look at a 10-year chart. Locked in a trading range for a while. Energy will be in a sideways trading range, dead money. Has potential to move to $15, but it won't be for a while, perhaps the end of 2024.

BUY

Really likes insurance names. Financials have been under pressure, especially in the US. But US insurance names are doing really well. It's turning up, improving. Higher for longer should be a tailwind. Important support level around $30, so limit risk to recent lows. $36 and $42 are next major resistance levels.

TOP PICK

Insurance is holding up financials and doing well across the board. Recently made new highs, very bullish. Chart moving up and to the right. On sale today, down 7.68%. Coming back to major support. Strong dividend, with a yield of 3.48%.

(Analysts’ price target is $99.67)
TOP PICK

Sideways trading range for 2 years. "The longer the base, the more time in space." Breaking out to new highs, looking really positive. Yield is 2.44%.

TOP PICK

Chart shows a very powerful pattern in technical analysis. Bumped up against resistance 3 times. Lows are going higher, which means that investors have been buying more aggressively each time. The leader, pushing higher. Fundamental reasons for that push. No dividend.

(Analysts’ price target is $48.10)
WEAK BUY

As long as you limit risk near recent lows, an attractive entry point. Downtrend is still in place. An interesting opportunity. Breaking the downtrend would be quite positive.

BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

SJ reported revenues of $710 mln and EPS of $1.03. This beat estimates of $706.7 mln and $0.78 respectively. The company is expecting utility poles to grow by 20% annually into 2024. Utility pole revenue was up 29% this year quarter largely driven by pricing. Overall this looks like a solid quarter at first glance.
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