Comments on: Tech Talk for Wednesday March 10th 2010

By: Don Vialoux

Don Vialoux — Fri, 12 Mar 2010 02:33:18 +0000

Hi KC. Short term momentum indicators (notably Stochastics recovering from below 20% and MACD establishing an uptrend from an oversold level)finally have turned positive. Looks like an opportune entry point for the seasonal play lasting until early June.

By: Don Vialoux

Don Vialoux — Fri, 12 Mar 2010 02:29:27 +0000

Hi Kim. Current intermediate upside potential for AAV is to $9.00.

By: Don Vialoux

Don Vialoux — Thu, 11 Mar 2010 17:56:23 +0000

Hi Reg. SU has good support at $30.00 and strong resistance at $35 and above. Writing call options against existing positions with expiry in May or June makes sense.

By: Don Vialoux

Don Vialoux — Thu, 11 Mar 2010 17:40:34 +0000

Hi George. Next resistance for C is at $5.43.

By: Don Vialoux

Don Vialoux — Thu, 11 Mar 2010 17:39:01 +0000

Hi AF. According to Brooke Thackray’s March Newsletter, HAC held a 36.2% interest in Canadian ETFs, 58.8% U.S. ETFs and 4.9% cash at the end of February. All U.S. positions are hedged to protect against currency risk. Weights will vary significantly during the year based on seasonality in sectors and markets. For example, the weight in Canadian securities likely will approach the 80% level on average during the summer. Technically, HAC is a Canadian based ETF that trades in Canadian Dollars.

By: Don Vialoux

Don Vialoux — Thu, 11 Mar 2010 17:32:39 +0000

Hi Roy. WTN looks interesting on the charts. It currently is testing resistance at $4.42. On balance volume shows that the stock is being strongly accumulated.

By: Don Vialoux

Don Vialoux — Thu, 11 Mar 2010 17:29:16 +0000

Hi Richard. Nice seasonal trade in BA so far! The stock currently is substantially short term overbought. Preferred strategy if looking for a second seasonal entry point is to wait for a pullback.

By: Don Vialoux

Don Vialoux — Thu, 11 Mar 2010 15:40:36 +0000

Hi Amelia. Long term fundamentals on U are positive. Sorry, units have traded only since 2005. Data is insufficient to complete a seasonality study. The key is timing. When it comes to technicals on uranium and uranium stocks, I usually defer to the expert, Merv Burak. Merv offers a free blog that offers technicals on uranium and uranium stocks. Merv is kind of neutral at present but wants to become bullish based on recent technical consolidation in the sector. Following is a link to his blog:
http://techuranium.blogspot.com/

By: KC

KC — Thu, 11 Mar 2010 04:57:25 +0000

Don,

Your TA on CCO.to as of 10th March would really help me make my decision on whether to put in a buy tomorrow or not. Thanks,

By: AW

AW — Thu, 11 Mar 2010 04:24:12 +0000

Amelia and DaddyO, you two should read Don’s response on March 1.