COMMENT
Markets. Expects to see the TSX at $15,000 this year and the S&P 500 close to $1,290-$1,300. Gold is more a speculative metal now rather than an inflation hedge and he doesn’t expect much from it but there are positive stories out there in exploration and development companies.
Unknown
DON'T BUY
BlackBerry
Stock is way too choppy and in a downtrend right now. Has been trading in a fairly tight range of low $50’s and low $60’s for most of the past year. Good support at $46 and if it bounced off this, there might be another $10. You need to see this before a positive trend develops. If you Buy or Own, use a Stop around the $50 level. Looking for significant resistance around $75.
electrical / electronic
BUY
Apple Inc
In a nice upward trend and seems to be holding quite steady. There’s still a lot of room for them to grow.
electrical / electronic
PARTIAL SELL
New Gold Inc.
Looks good but would take some profits because it is at a high point right now and tends to bounce off these levels. Don’t Sell your whole position. Exit if it drops below $8.20.
precious metals
COMMENT
People are starting to realize some of these financials have potential value. This one has been going sideways for quite a while and is starting to break out a little on the shorter trend, which is very positive. Longer it goes sideways, the bigger the break out potential.
Financial Services
COMMENT
Basic Technical Analysis Books not geared to professionals? “Technical Analysis Explained” by Martin J. Pring is simple. It builds a foundation of some basic concepts and goes into more complicated aspects in the latter half.
Unknown
HOLD
Caller day trades this and it has been going straight up. How does she know when to get out? This is a really tricky stock to trade. There is obviously some good news. The spikes are not traded in isolation. This is worth holding on to to see where it develops. If it drops below $0.53 consider Selling or taking Profits.
Mining
COMMENT
Chart looks great. Had a run-up and is holding with a base of around $6.20. If it takes off again, it could easily see $10.
computer software
TOP PICK
30-Yr Treasury Bear 3x Shares ETF. This is going to be a very volatile position so only keep a small holding. A good inflation hedge. If inflation goes higher, bond prices will drop and this will do exceptionally well. Chart pattern shows a “cup and handle”. Highly risky.
E.T.F.'s
TOP PICK
Stantec Inc
Chart shows a nice sideways motion and he believes it is going to break out. Also feels there will be a lot of economic activity globally. Sell if it goes below $27.
consulting
TOP PICK
ITT Educational
Starting to find some support with some Buying coming in. Tends to do well after an earnings report which is due in a few weeks. Use a Stop around $58.
other services
PAST TOP PICK
(A Top Pick Jan 15/10. Up 16.67%.)
Financial Services
PAST TOP PICK
Cisco
(A Top Pick Jan 15/10. Down 16.31%.)
electrical / electronic
PAST TOP PICK
(A Top Pick Jan 15/10. Down 51.18%.) Got stopped out after he rode it up and it dropped sharply.
other mines
N/A
There are a lot of forces. Stimulus spending, consumers who have a lot of debt, and some countries where people for the first time can start to have material wealth. It’s harder than usual for him to predict where markets will move. But markets will move more quickly than ever before and there will be more dangers than ever before. He thinks today was a one day thing. He tries to ignore all the noise. He is quicker to take profits in this market if they hit their target price.
Unknown