Comments on: Tech Talk for Tuesday January 26th 2010

By: Don Vialoux

Don Vialoux — Thu, 28 Jan 2010 00:55:29 +0000

Hi Richard. Lots of Canadian energy ETFs (including leveraged ETFs). All of the ETFs providers in Canada offer product. Most actively traded energy ETF is iShares on the TSX Energy Index (XEG). Most interesting new product is the BMO Equally Weighted Energy ETF (ZEO).

By: Don Vialoux

Don Vialoux — Thu, 28 Jan 2010 00:50:14 +0000

Hi Alan. Inmet has been under significant technical pressure with higher than average volume during the past week due to downgrades by several analysts. Short term momentum indicators are significantly over sold. Next key level is its 200 day moving average at $53.04 where support is possible. Thereafter, support is at $43.66. Favourable seasonal influences coming into February will help to reduce risk. The stock has yet to show technical signs of bottoming.

By: Don Vialoux

Don Vialoux — Thu, 28 Jan 2010 00:42:34 +0000

Hi Richard. KO is in the consumer staple sector. Short term technical profile currently is negative (short term head and shoulders pattern). Intermediate technical profile is positive (intermediate uptrend, near support at $52.34, short term momentum indicators significantly oversold).

By: Don Vialoux

Don Vialoux — Thu, 28 Jan 2010 00:37:55 +0000

Hi Joe. UGA is an ETN that tracks gasoline. Interesting possibility. Technicals continue to look grim. It’s too early to consider for a seasonal trade. A word of caution! Trading can be thin.

By: Don Vialoux

Don Vialoux — Thu, 28 Jan 2010 00:34:26 +0000

Hi Joe. XME and XLB are U.S. traded ETFs that trade in U.S. Dollars. HAC is in a position to hedge these ETFs if and when they enter the fund.

By: Richard

Richard — Wed, 27 Jan 2010 03:52:53 +0000

Hello Don

Are there leveraged and non-leveraged ETFs available in $CDN to play the Canadian Energy Sector ?

Thanks,
Richard

By: Alan

Alan — Tue, 26 Jan 2010 19:28:47 +0000

Hello,

Don, are you able to comment on Inmet (imn.to) with regard to the large drop in value since its high and also shed some light on technicals and seasonality please ?

Alan

By: Richard

Richard — Tue, 26 Jan 2010 19:15:59 +0000

Hello Don,

Could you please give me your opinion/TA, seasonality, downside risk and upside potential for Coca Cola (KO)? Does it fall under consumer discretionary sector?

Regards,
Richard

By: Joe

Joe — Tue, 26 Jan 2010 18:41:58 +0000

Hi Don,

You mentioned in yesterday’s comments that the better way to play gasoline is through the futures market. How about through UGA, is it a mutual fund and not recommended ?

Thanks,
Joe

By: Freddibuoy

Freddibuoy — Tue, 26 Jan 2010 18:26:09 +0000

Don, thank you for your comments re silver to Jeff. I have been trying to get a handle on the volatility of the precious metals. There have been two “corrections” since November for $GOLD, $PLAT and $SILVER.

$GOLD was down 12.35% on the first correction and 6.86% on the second.

$PLAT was down 8.55% and 7.62% respectively.

$SILVER was down 14% and 10.8%.

As a comparison the S&P 500 was also down twice (not including day to day fluctuations) the first time was 2.97% and the second was 5.1%.