Market Outlook. A five year chart of the S&P500 shows almost an uninterrupted rally into 2018. A triple top is being made against previous highs of last September has some analysts concerned. The last time we tested these highs we followed with big declines. He expects we will make new fresh highs before the summer begins, which could lead to another bullish phase. A break below 2700 is worrisome.
A cup-and-handle formation that is looking for another break out. He would sell this on a move below $11.00 and targets a move to $14.50. Yield 0%. (Analysts’ price target is $16.00)
The stock is breaking into new bullish new bullish levels above $75 will now target $85. He would put a stop-loss at $70. Yield 1.15% (Analysts’ price target is $73.85)
This company makes three-wheel electric vehicles. A rapid rally above $4 from under $2 came from nothing more than recognition about the company. It carries a lot of risk. His stop-loss is $2.70. He does not own it yet. Yield 0%.
(A Top Pick May 31/18, Up 11%) He should have sold this earlier and he is back close to his entry point. His stop-loss if $15.60. He thinks a break towards $18-$20 is possible.
This industry is tempting as it appears to be setting a bottom. It still looks like it is still heading lower. He needs to see a move above $16.50 before he would be interested.
In a trading zone. A dividend grower. He would not be a buyer right now as it is lacking any trending action. It needs to move above $73 until he would be interested.
Anyone buying this recently has been making money and may be looking to take profit near $47. He expects strong headwinds ahead. He would trade it with a $43 stop-loss level.
This has been disappointing for the past couple of years, but the dividend yield of 5% is good. He would not worry about holding this. His stop-loss would be $100.
Short sellers? This has been a heart breaker through is career. One of Canada's largest companies and a bell weather for financials. He would buy it for the dividend and diversification away from the banks. It is unlikely to trade back to $30 soon. He would see $20 as key support.