Tech Talk for Monday May 28th 2012

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Pre-opening Comments for Monday May 28th

World equity markets, that are open, are higher today. Although U.S. equity markets are closed for a holiday, S&P 500 futures are up 9 points. Equity markets are responding to news from Greece that parties in favour of remaining in the Euro are leading in the polls prior to Greece’s election in June.

The Euro strengthened on the news from Greece. Conversely, the U.S. Dollar weakened and the Canadian Dollar strengthened in overnight trading. Weakness in the U.S. Dollar prompted commodity prices to move higher.

The TSX Composite Index is expected to open higher thanks mainly to higher commodity prices. The TSX Composite Index has a history of moving higher on the Memorial Day holiday.

Canadian Pacific could open higher despite no progress on labour negotiations over the weekend. The Federal Government is expected to introduce back-to-work legislation today.

Rogers Communications (RCI.B $36.60) is expected to open higher after TD Newcrest upgraded the stock from Hold to Buy. Target is $42.

Alimentation Couche-Tard (ATD.B $40.67) is expected to open higher after Desjardin upgraded the stock from Hold to Buy. Target is $47. Its offer to purchase StatOil’s retail operation expires tomorrow.

 

Technical Watch

Alimentation Couche-Tard, Inc. (TSE:$40.67) is expected to open higher after Desjardin upgraded the stock from Hold to Buy. Target is $47. The stock has a positive technical profile. Intermediate trend is up. Resistance is at its all-time high at $45.35. The stock trades above its 50 and 200 day moving averages and is testing its 20 day moving average at $42.10. Short term momentum indicators are trending higher. Strength relative to the TSX Composite Index has been positive since the end of February. Preferred strategy is to accumulate at current prices.

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Rogers Communications, Inc. (TSE:RCI.B) – $36.60 is expected to open higher after TD Newcrest upgraded the stock from Hold to Buy. Target is $42. The stock has a mixed technical profile. Intermediate trend is down. Resistance is at $40.22 and support is at $35.30. The stock trades above its 20 day moving average, but remains below its 50 and 200 day moving averages. Short term momentum indicators are trending higher. However, strength relative to the S&P 500 Index has been neutral since January. Seasonal influences are slightly positive until July. Preferred strategy is to accumulate the stock closer to support at $35.30.

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Rogers Communications Inc. (TSE:RCI.B) Seasonal Chart

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Economic News This Week

The March Case/Shiller 20 City Home Price Index to be released at 9:00 AM EDT on Tuesday is expected to improve on a year-over-year basis from a decline of 3.5% to a decline of 2.8%.

The May Consumer Confidence Index to be released at 10:00 AM EDT on Tuesday is expected to slip to 69.0 from 69.2 in April.

The May ADP Employment Change Report to be released at 8:15 AM EDT on Thursday is expected to increase to 145,000 from 119,000 in April.

Weekly Jobless Claims to be released at 8:30 AM EDT on Thursday is expected to slip to 365,000 from 370,000 last week.

Second estimate of first quarter GDP to be released at 8:30 AM EDT on Thursday is expected to slip to 1.9% from the previous 2.2% estimate.

The May Chicago PMI to be released at 9:45 AM EDT on Thursday is expected to increase to 57.5 from 56.2 in April.

Canadian First Quarter Real GDP to be released at 8:30 AM E

DT on Friday is expected to increase to 1.9% from 1.8% in the fourth quarter. March GDP is expected to increase 0.3% versus a decline of 0.2% in February.

May Nonfarm Payrolls to be released at 8:30 AM EDT in Friday are expected to increase to 155,000 from 115,000 in April. Private Nonfarm Payrolls are expected to increase to 172,000 from 130,000. The May Unemployment Rate is expected to remain unchanged from April at 8.1%. May Hourly Earnings are expected to increase 0.2% versus no change in April.

May ISM to be released at 10:00 AM EDT on Friday is expected to slip to 54.0 from 54.8 in April.

April Construction Spending to be released at 10:00 AM EDT on Friday is expected to improve 0.5% versus a gain of 0.1% in March.

 

Earnings News This Week

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Equity Trends

The S&P 500 Index gained 22.60 points (1.74%) last week. Intermediate trend is down. Support is forming at 1,291.98. The Index trades above its 200 day moving average, but remains below its 20 and 50 day moving average. Stochastics and RSI recorded short term buy signals and MACD is close to completing a positive crossover from a short term oversold level.

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Percent of S&P 500 stocks trading above their 50 day moving average increased last week from 13.80% to 24.00%. Percent is recovering from deeply oversold levels. A recovery from a deeply oversold level frequently occurs when the S&P 500 Index has entered into a base building pattern lasting 2-5 months.

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Percent of S&P 500 stocks trading above their 200 day moving average increased last week from 52.20% to 59.40%. Percent has recovered to an intermediate overbought level.

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The ratio of S&P 500 stocks in an uptrend to a downtrend (i.e. the Up/Down ratio) slipped last week from 0.56 to (143/269=) 0.53. The ratio is intermediate oversold, but has yet to show signs of bottoming.

Bullish Percent Index for S&P 500 stocks was unchanged last week at 52.60% and remained below its 15 day moving average. The Index remains intermediate overbought and trending lower.

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The Up/Down ratio for TSX Composite stocks was unchanged last week at (72/154=) 0.47. The ratio is intermediate oversold, but has yet to show signs of bottoming.

Bullish Percent Index for TSX Composite stocks fell last week from 46.83% to 45.24% and remained below its 15 day moving average. The Index is oversold, but continues to trend down.

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The TSX Composite Index gained 295.83 points (2.62%) last week. Intermediate trend is down. Support is forming at 11,256.72. The Index remains below its 20, 50 and 200 day moving averages. Stochastics and RSI recorded short term buy signals last week and MACD recorded a short term buy signal on Friday. Strength relative to the S&P 500 Index remains negative, but is showing early signs of a change.

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Percent of TSX Composite stocks trading above their 50 day moving average increased last week from 17.80% to 31.75%. Percent is recovering from a deeply oversold level.

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Percent of TSX Composite stocks trading above their 200 day moving average increased last week from 29.76% to 36.51%. Percent is recovering from an intermediate oversold level.

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The Dow Jones Industrial Average added 85.45 points (0.69%) last week. Intermediate trend is down. Support is forming at 12,311.56. The Average bounced from just above its 200 day moving average, but remains below its 20 and 50 day moving averages. Short term Stochastics and RSI recorded buy signals last week and MACD is close. Strength relative to the S&P 500 Index is positive, but is showing early signs of change.

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Bullish Percent Index for Dow Jones Industrial Average stocks fell last week from 66.67% to 63.33% and remains below its 15 day moving average. The Index remains intermediate overbought and trending down.

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Bullish Percent Index for NASDAQ Composite stocks slipped last week from 50.12% to 48.98% and remained below its 15 day moving average. Percent continues to trend down.

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The NASDAQ Composite Index added 58.74 points (2.11%) last week. Intermediate trend is down. Support is forming at 2,774.45. The Index bounced nicely from near its 200 day moving average, but remains below its 20 and 50 day moving averages. Short term Stochastics and RSI Buy signals were recorded and MACD is close to recording a Buy signal. Strength relative to the S&P 500 Index remains negative.

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The Russell 2000 Index gained 19.20 points (2.57%) last week. Intermediate trend is down. Support is forming at 745.71. Nice bounce from near its 200 day moving average, but remains below its 20 and 50 day moving averages. Short term Stochastics and RSI recorded Buy signals last week and MACD is close to a Buy signal. Strength relative to the S&P 500 Index remains negative.

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The Dow Jones Transportation Average gained 206.08 points (4.23%) last week. Intermediate trend is down. Support is forming at 4,864.56. Nice bounce from near its 200 day moving average. The Average remains below its 20 and 50 day moving averages. Short term Stochastics, RSI and MACD Buy signals were recorded last week. Strength relative to the S&P 500 Index is neutral/positive.

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The Australia All Ordinaries Composite Index slipped 17.60 points (0.43%) last week. Intermediate trend is down. The Index broke a third support level at 4,091.60 last week. The Index remains below its 20, 50 and 200 day moving averages. Short term momentum indicators are oversold and have yet to show signs of bottoming. Strength relative to the S&P 500 Index remains neutral, but is showing signs of turning negative.

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The Nikkei Average fell another 30.92 points (0.36%) last week. Intermediate trend is down. The Average trades below its 20, 50 and 200 day moving averages. Short term momentum indicators are oversold, but have yet to show signs of bottoming. Strength relative to the S&P 500 Index remains negative.

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The Shanghai Composite Index fell another 10.97 points (0.47%) last week. Intermediate trend is down. Support is at 2,242.34 and resistance is at 2,478.38. The Index remains below its 20, 50 and 200 day moving averages. Short term momentum indicators are oversold, but have yet to show signs of bottoming. Strength relative to the S&P 500 Index remains positive.

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The London FT Index added 11.67 points (0.22%), the Frankfurt DAX improved 6.94 points (1.10%) and the Paris CAC Index gained 26.26 points (0.87%) last week.

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The Athens Index plunged another 64.95 points (11.81%) last week. Intermediate trend is down. The Index remains below its 20, 50 and 200 day moving averages. Short term momentum indicators are deeply oversold, but have yet to show signs of bottoming. Strength relative to the S&P 500 Index remains negative.

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Currencies

The U.S. Dollar Index gained another 1.11 (1.37%) last week. Intermediate uptrend was confirmed when resistance was broken at 81.78. The Index remains above its 20, 50 and 200 day moving averages. Short term momentum indicators are substantially overbought, but have yet to show signs of peaking.

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Conversely, the Euro dropped another 2.61 (2.04%) last week. Its intermediate downtrend was confirmed on a break below support at 126.24. The Euro remains below its 20, 50 and 200 day moving averages. Short term momentum indicators are substantially oversold, but have yet to show signs of bottoming.

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The Canadian Dollar dropped another 0.69 cents U.S. last week, reflecting strength in the U.S. Dollar Index. Intermediate trend is neutral. Resistance is at 102.05. The Canadian Dollar remains below its 20, 50 and 200 day moving average. Short term momentum indicators are oversold, but have yet to show signs of bottoming.

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The Japanese Yen slipped 1.04 (0.83%) last week. Intermediate trend is down. The Yen is below its 200 day moving average, but remains above its 20 and 50 day moving averages. Short term momentum indicators are overbought and have started to rollover.

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Commodities

The CRB Index fell another 8.48 points (2.92%) last week. Intermediate trend is down. The Index remains below its 20, 50 and 200 day moving averages. Short term momentum indicators are oversold, but have yet to show signs of bottoming.

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Gasoline added $0.01 per gallon (0.35%) last week. Intermediate trend is up. Gasoline remains below its 20, 50 and 200 day moving averages. Short term momentum indicators are oversold, but have yet to show signs of bottoming. A recovery bounce is overdue. Gasoline inventories fell to a two year low last week.

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Crude Oil fell another $0.73 per barrel (0.80%) last week. Intermediate trend is down. Crude remains below its 20, 50 and 200 day moving averages. Short term momentum indicators are deeply oversold, but have yet to show signs of bottoming. Strength relative to the S&P 500 Index remains negative.

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Natural Gas slipped $0.10 (3.68%) last week. Intermediate trend is down. Support is at $1.902 and resistance is at $2.84. Short term momentum indicators are substantially overbought and showing early signs of peaking. Natural gas remains above its 20 and 50 day moving averages, but below its 200 day moving average. Strength relative to the S&P 500 Index remains positive.

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The TSX Energy Index gained 9.19 points (3.96%) last week despite lower crude oil and natural gas prices. Intermediate trend remains down. Support is forming at $230.69. Momentum indicators are recovering from oversold levels.

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Philadelphia Oil Services gained 7.81 points (3.90%) last week. Intermediate trend remains down. Support is forming at 199.73.

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Gold slipped $17.50 per ounce (1.10%) last week. Intermediate trend remains down. Support at 1,526.70. Gold remains below its 20, 50 and 200 day moving averages. Short term momentum indicators are recovering from oversold levels. Strength relative to the S&P 500 Index remains neutral.

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The AMEX Gold Bug Index jumped 31.52 points (7.95%) last week despite lower gold prices. Nice move above its 20 day moving average. Short term momentum indicators are recovering from oversold levels. Strength relative to Gold changed from down to at least neutral.

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The TSX Gold Index gained 24.62 points (6.37%) last week. Momentum indicators recover from oversold levels. Strength relative to gold has turned from negative to at least neutral.

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Silver slipped $0.13 per ounce (0.46%) last week. Intermediate trend is up. Support has formed at $26.73. Silver remains below its 20, 50 and 200 day moving averages. Short term momentum indicators continue to recover from oversold levels. Strength relative to gold remains negative.

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Platinum fell another $20.50 per ounce (1.41%) last week. Intermediate trend is neutral. Platinum remains below its 20, 50 and 200 day moving averages. Short term momentum indicators are oversold, but have yet to show signs of bottoming. Strength relative to gold remains negative.

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Copper slipped another $0.01 per lb. (0.29%) last week. Intermediate trend is down. Short term momentum indicators are oversold, but have yet to show signs of bottoming. Copper remains below its 20, 50 and 200 day moving averages. Strength relative to the S&P 500 Index remains negative.

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Surprisingly, given general weakness in base metal prices, the TSX Metals and Mining Index added 41.27 points (4.97%) last week. Intermediate trend is down. The Index remains below its 20, 50 and 200 day moving averages. Support is forming at 825.06. Stochastics, RSI and MACD recorded short term Buy signals last week. Strength relative to the S&P 500 Index remains negative.

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Lumber slipped $0.08 (0.03%) last week. Lumber remains above its 20, 50 and 200 day moving averages. Strength relative to the S&P 500 Index remains positive.

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The Grain ETN fell $2.09 (4.38%) last week on news that Chinese purchases have been deferred. The ETN broke below its 20, 50 and 200 day moving averages. Strength relative to the S&P 500 Index is neutral/slightly positive.

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The Agriculture ETF added $0.69 (1.50%) despite falling grain prices. Strength relative to the S&P 500 Index remains negative.

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Interest Rates

The yield on 10 year Treasuries increased 0.043% last week. Yield remains in a nine month range between 1.696% and 2.407%. Yield remains below its 20, 50 and 200 day moving averages. Short term momentum indicators are oversold, but have yet to show signs of bottoming.

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Conversely, the long term Treasury ETF slipped 0.80 (0.64%) last week.

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Other Issues

The VIX Index fell 3.34 (13.31%) last week. The Index returned to the bottom of a head and shoulders pattern. Short term momentum indicators have rolled over from overbought levels.

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The economic focus this week is on the May employment report on Friday. Consensus for the employment report shows gains over April’s disappointing report. Most of the other economic reports this week are expected to help equity indices.

Earnings reports this week are not a factor. The remainder of Canada’s banks are scheduled to report.

Short term momentum indicators for North American equity indices and most sectors are recovering from oversold levels.

Medium term technical indicators continue to trend down.

U.S. and Canadian equity markets have a history of moving higher during the week after the U.S. Memorial Day holiday. Many U.S. traders take an extended holiday this week. Volume on U.S. exchanges are expected to be lower than average.

U.S. and Canadian equity markets have a history of moving through a bottoming process during a U.S. election year. The following chart indicates completion of the bottoming process by the end of July.

 

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U.S. Dollar trends continue to impact equity markets. Strength in the U.S. Dollar (and corresponding weakness in the Euro related to the Eurozone sovereign debt crisis) has dampened upside potential for equity markets. Now the U.S. Dollar Index is substantially overbought. Last week, equity indices managed to post modest gains despite strength in the U.S. Dollar Index. If the U.S. Dollar begins to roll over, look for a short term spike in equity markets.

Strength in the U.S. Dollar has prompted analysts to further reduce second quarter earnings estimates of U.S. based international companies.

Macro events will continue to impact equity markets. Events related to European sovereign debt (including rescues of failing banks and credit downgrades) remain a focus. Scheduled events this week that could have an impact include China’s PMI overnight on Friday and the Eurozone PMI before the opening on Friday.

Cash on the sidelines remains substantial. Cash hordes held by Corporate America remains high. S&P 500 companies are believed to hold in excess of $1 trillion cash. Major commitments of cash are unlikely until the market determines the next U.S. president.

 

The Bottom Line

North American equity markets are set up technically for a short term recovery. The lows set by major equity indices on Friday May 18th likely will hold. Look for volatility to escalate. A base building period lasting until the middle of July, when second quarter earnings reports begin to be released, has started. Gains between now and mid-July will be sparse except for very short term trades.

Tom Rogers’ Weekly Elliott Wave Blog

Following is a link:

http://www.tomrogers.net/signpost.htm

 

Special Free Services available through www.equityclock.com

Equityclock.com is offering free access to a data base showing seasonal studies on individual stocks and sectors. The data base holds seasonality studies on over 1000 big and moderate cap securities and indices.

To login, simply go to http://www.equityclock.com/charts/

Also, please take advantage of Google ads and other ads available in the data base

Following is an example of EquityClock.com’s seasonality charts:

 

Materials Sector Seasonal Chart

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FP Trading Desk Headline

FP Trading Desk headline reads, “If Canadian bank stocks fall, it’s time to buy: Rosenberg”. Following is a link to the report:

http://business.financialpost.com/2012/05/25/if-canadian-bank-stocks-fall-its-time-to-buy-rosenberg/#more-178638

 

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Disclaimer: Comments and opinions offered in this report at www.timingthemarket.ca are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.

Don and Jon Vialoux are research analysts for Horizons Investment Management Inc. All of the views expressed herein are the personal views of the authors and are not necessarily the views of Horizons Investment Management Inc., although any of the recommendations found herein may be reflected in positions or transactions in the various client portfolios managed by Horizons Investment Management Inc

Horizons Seasonal Rotation ETF HAC May 25th 2012

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Sponsored By...



38 Responses to “Tech Talk for Monday May 28th 2012”

  1. CJ Says:

    IRM Thanks for reply and good luck with The Brick – I’m gg Gold Digging near the forest fires with KGI this morning. All Gold stocks are moving up over past few days, and this one more than some others in spite of the “close call” and a few days shut down while the Hydro Crews restore power!

  2. Ric Says:

    Tony

    FM

    4ma crossed both 9ma and 18ma. Would you buy at this level?

  3. Nirmal Says:

    Hi all
    Does any bosy any thought on BMO.
    The Chart pattern shows DOUBLE BOTTOM. That is a good BUY signal.
    What is BANK stock seasonality?
    Any comments are welcome

  4. Tard Says:

    Hi all:
    Sharing Video for outlook for Monday.
    http://www.youtube.com/watch?v=Pl5H3i-H49g

  5. Irwin Says:

    #3 – Nirmal

    Financial sector seasonality:
    http://charts.equityclock.com/category/financial

    You can enter symbols in the search box for individual stocks.

  6. canuck2004 Says:

    #3-Nirmal

    If you are looking for long term hold, like in an RRSP, BMO is fine right here. As a rule, anytime one can buy one of the large CAN banks with a yield above 5% is a good time to buy. Historically the five big banks have good capital growth over the long term and very nice dividend growth as well. Got to buy them when they are weak.

    Forget about seasonality, that’s for day or swing traders.

  7. canuck2004 Says:

    Nirmal-one more thing, BMO is probably the most conservative of all CAN banks, low beta.

  8. canuck2004 Says:

    Nirmal-I guess I should repeat my usual disclaimer: no more than 5% in any portfolio; always add in increments as it may go lower…. a little bit at a time, never buy your whole position of any stock in one go.

  9. tony Says:

    CJ

    sorry for the delay on the 18/50.

    the best way to put it is this 18/50 is long term tool, compared to the others.

    you must not analyze it as price action, but how long did the trend stay intact.

    when you use the the other MAs you can mix and match them, i.e 4/18, 4/50, or 9/50. you can use them as entries or exit strategies(don’t forget not all stock perform in the same way.)

    One of the best support/resistance I have seen is the 18MA

    lets put it this way, 18/50 cross is to be used for the long term.

    if you combine them together you can get a decent return on your investement.

    http://stockcharts.com/h-sc/ui?s=UTX&p=D&b=3&g=0&id=p52501433911&a=268228011

  10. Anna/TO Says:

    CJ & tony
    Speaking of MA’s – last week I found this backtesting tool for ETFs – you can use only few supplied examples with the free version – thinking of maybe subscribing for a month. Do you think it would be worth it?

    http://www.etfreplay.com/backtest_ma.aspx

    BTW, SPY with 50/200 works like a charm! :)

  11. Paul Says:

    Good Morning All.
    Canuck2004, could you comment on buying an Insurer like GWO.to or SLF.to vs a bank at this point in time ?
    It would be for a registered plan. Thank you. Paul

  12. tony Says:

    Anna/To

    thx for the link.

    Seems if you buy at the end of the month of a cross you are 60% of the time on the good side of the trade as for 43% if you buy the day of the cross.

  13. Irwin Says:

    #4 – Tard

    Thanks for posting the link;
    I sometimes forget to check my inbox :(

    Lots of energy stocks on buy signal.

  14. Ania Says:

    CJ and tony,

    Could please give me your insights on Buying G.to for a seasonal play.
    Many Thanks, Ania

  15. tony Says:

    Ric

    FM.to

    got your message, yes 4/9

    Is it time to buy now? No

    I would wait to see if I could get a better deal, Like I mentionned to CJ on the 4/9 I would try to get in at around the low so probably put a few bids with small amount of shares between 17.5 to 16.9 if it breaks below 16.500 I would put a ? asking is it worth holding here or should I sell 1/2 and see if I couldn’t get an even better price like in the low 15$(this target came from the Options puts).

    I took a peek at a 1 year chart and saw price went from 30$ to as low as 12$ so I wonder couldn’t I get a better deal?

    If I were to buy on a weekly chart I would wait to see price break above 50MA currently and see if it could hold it reason is that has peaked above but was unsustainable.

    now about the weekly chart look at the low end of the tail back in 2010 it was 9.50 so you know what unless we get good news from around the world I would wait for this target to be tested.

    sometimes the more you look at different chart the more you get confused and this is a typical chart you DON’T want to look at.

    you got end tails that haven’t been tested, you got H&S in the process on the weekly chart, you got 18/50 bear

    after all that I have seen on FM.to I would not touch it at this point if I couldn’t get some put protection.
    Worst I would get a put spread. sell some puts at 17.0 and buy some puts at 16$

    chart is to scary for me at this point in time.

  16. tony Says:

    Ania

    g.to

    Below 34$ would be a decent buy. stop loss at 32.4

  17. Tawny Says:

    Tony

    Hi! Hope you have had a nice weekend.

    I am holding some HVU and wondering wether or not to sell all or half before Canadian market closes today….

    What are your thoughts on the SPX tomorrow – up or down ? (Crystal blal please – LOL)
    Europe was pretty much down or near flat today.

  18. Tawny Says:

    Anyone who wishes to make an educated gues for tomoorw on the SPX tomorrow – up or down ? (Crystal blal please – LOL)

  19. lrm Says:

    Tony,
    re: your post to Slava the other day re OSK(think it was #59 from Friday). I am trying to understand charting better, so working through charting all sorts of stocks. I wonder if you would tell me if the $7.28+ target is due to support from October 2009? Or is there another technical reason for this price? Thank you.

  20. CJ Says:

    help!

    Just accidentally deleted my 1 minute view on FreeStockcharts and cannot figure how to get it back??

    Tony: thanks for reply in #9 – I tried to make your candlesticks invisible so I could see the MA cross-overs, naturally I was dumbed down to fewer ma’s :(

    TAWNEY: Sorry to see your HVU.TO falling today – ‘specially since I am in KGI which is also struggling.

  21. DD Says:

    CJ #20

    Click on new tab and adjust the time

    Hope it works for you!

  22. Tawny Says:

    Hi CJ

    Just back in from the garden – moved a climbing rose that I had planted about a week ago – it was too close to the air conditioner. Dug, yet another hole – I am not in the best shape for this. Came in soaking wet from sweat!

    Sorry, I don’t know about FreeStockcharts, I have paid charts. But, they are likely similar. Do you have other time movement charts – like 15 min., 60 min, or daily?

    I will hang here for a few minutes till I get your answer.

    HVU not down by much – a 5% move isn’t much for this… it may pick up at the end of the day if there is some stock selling action. Not many people in to the market today.

  23. lrm Says:

    CJ, re freestock charts, a few ways to get 1 minute charts

    next to add indicator (below the time tabs)there is place you can change the chart time period with the dropdown arrow to the right of the time period. Also control 1 will get a 1 minute chart.

    If you want to add a new tab you scroll all the way over to the right of the time tabs and there is an add new tab white file tab.

    If you hate the black background Settings, Properties is where you change it.

    Remember the data for the Canadian market is delayed by 15 minutes in the freestockcharts.

  24. Slava Says:

    Hi tony, so you don’t think that the rally in gold stocks is sustainable right now? As you know, I’d like to get back into HGU.. if an opportunity presents itself.

  25. DD Says:

    Slava,

    What do you think of vit.v all indicators look positive.

  26. Slava Says:

    DD, did I mention Victoria gold in the past? I own 30k shares as of now. It’s one of the juniors which I didn’t sell. I personally think it’s good value here but is speculative. Hoping to see $0.50 over the next 6 months.

  27. lrm Says:

    Re Victoria Gold news.
    http://www.mining.com/2012/05/25/victoria-gold-enters-into-agreement-to-sell-its-mill-canyon-property-in-nevada/

  28. DD Says:

    Slava,
    I put in an order for .26 but didn’t get filled. :(

    Irm,
    Thanks for the news and link.

  29. CJ Says:

    DD; Tawney; Irm #21,22,23:

    Thanks to all who helped; I did finally get my 1 min charts back, but lost my indicators while so doing, so had to add them back; for some reason I often lose the indicators, (MA’s) so I’m getting used to that; Quite realize the delay on $CDN stocks; I use ADVFN for real time prices.

    was a great tool – thanks for that Irm

  30. CJ Says:

    PS re #29

    “was a great tool – thanks for that Irm” was supposed to be control key + 1 was a great tool etc….

  31. Ania Says:

    Hi Tony,

    Thank you for your feedback.
    Have a great evening, Ania

  32. tony Says:

    Slava

    HGU.to

    I think it will pullback like most stock do my short term target (6.80-7), and then we will see if indicators stay above 0 or not for a push north of here

    where you in aoi.v this was a 5x bagger in past 2 months and 10 bagger in less then a year.

  33. tony Says:

    Man I can’t wait for the week to be over. :P

    wife had a business meeting in TO, I was taking care of the kids this morning and work was a big ARGGGGGHHHHHHH!!!!! why do people ask the wrong people for database reports?then you end up with a 100 page xcel format db that they want converted into word, with 500 lines of data.

    Man people are dumb @$$… had to get it off my chest. sorry had to get it off my chest.

  34. tony Says:

    Tawny

    HVU.to

    first off the first 1hr wow!!! 8% move from 4.78 to 5.20 where was the 4MA (5.20) bang on as usual.

    The last minute of trading there was 20K shares that changed hands and price moved higher.

    I think price could reach back to 6$ maybe even a few dimes higher, should price in the next few days/weeks get back near or above 6.73$ watch out the 50MA will start moving higher we already have a 18/50 cross so this would have ther vix shoot to the sky.

    now lets think not like me and you a retail investor but someone who manages portfolios with 100M$ would I be risking money here today(tomorrow) 24 days before summer vacation and have my head handed to me on a plate by Goldman sucks?

    So how would I play against the big guys, simple keep hvu look where it opens tomorrow, and how it goes should it decide to plummet and make a break below 50MA I would get out. otherwise I would stick the the trade for the time being.

  35. tony Says:

    LRM

    OSK.to

    When I said

    “I like it with a tight stop but only if it breaks above 7.28 how high around at least 8$ target.”

    1st you must know that most stocks tag the 4MA on a daily basis, if it hasn’t tagged by tagged by the end of the day this usually means the stock will reverse its course, or stock will move sideways waiting for the 4MA will to come around I call it the 4yr old/parent analogy.

    now about Osk if you look at it since may 7th it didn’t tag that often but it does have more flexibility.

    Now my view was not having price open at 7.28(I am more and more thinking that some canadian HFs are reading my notes and betting against me ;) ) and pull back down, but I had hopes it opened at around the 4MA and move north from there, 7.28 was the open of may 18th and this is where I wanted it to go up.

    Where does the 7.28$ come from? it was the

    where does the 8$ price come from, simple this was the target on friday and since the 18MA has been resistance since price broke below it back in march.

    But now I will be rooting for 6.25-6.35 target as we should retest this level in anytime soon look at bin, bac everytime you get tails behind they are usually retested before moving higher at times it takes months.

  36. tony Says:

    canuck

    bbd.b.to

    I know the bomber has burned us both, but with the big volume on may 10th, I think its time to go start nimbiling at it.

    how about it?

  37. Tawny Says:

    http://www.amanita.at/FAQ/FragenzumBradley-Siderograph/Bradley-Siderograph/

    In 2012 there are 4 major turning points:

    March 16, 2012
    June 12, 2012
    July 28, 2012
    December 22, 2012

    I did a little analysis of the Bradley Siderograph for 2012 so far and am quite amaazed at how accurate it is. It appeared to work better in Asia and Europe, never the less, it worked in the S&P as far as I can make out.

    The Dec. 28/2011 major date the S&P was 1250, March 16 it was at 1404, close enough to the peak for me, (actual peak was Apr 2 at 1419), Next minor date down April 10, S&P was 1359, then up to 1403 on April 27 (rather than Apr 23). Next major date is June 12 with a slight bump up from May 18th around now). The pattern is moving same directions as the graph show in link.

    So if this continues we should hit a current low around June 12 (which might turn out to be June 17 as that is the date of the Greek election). We head up again and peak at July 28 (end of July, more of less)… we then head lower to the end of the year with a few little bounces to end the year lower than it started.

    Just pointing this out because it has been so a ccurate so far and in the direction of the predicted graph. WOW!~

    I can hardly keep my eyes open so hopefully I have reported and typed this accurately……….. night now

  38. Tawny Says:

    Tony – thanks for your take on HVU.

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