I was overweight energy for most of 2022 selling my exposure around the summer and the remaining in the fall. It was not and easy decision but the trend in WTI and Brent prices was too bearish to ignore. Seems to me now It's only a matter of time we take out the 2022 low of 12.66, the more intriguing question is where we go once we get there ? On the weekly...
Hello Traders, TSX is setting up for another bull run. Looking at the HTF we can see price is moving within a strong reversal structure which price impulsively reversed up breaking out of the upper boundary. On the LTF, price is currently in a correction after breakout indicating further growth. Thanks Trade Safe
Telus just released their earnings today and they were just as good as estimated but never the less the stock had no reaction and is now selling off. The chart looks real ugly if you look at the Monthly and Quarterly window we have managed no follow thru after the big move down to start the year, the bulls are running out of time to step in and take this higher....
We are just about half way thru earnings season for the TSX, with the next BOC meeting in September 7th and another hike of minimum 50bps is already guaranteed I think it opens up a great period for the TSX to make a new low. Earnings have been better than expected for a lot of the bigger companies in all sectors from industrials, utilities, staples and of course...
This chart is crude and only correlates most of the time, but it does stand to reason based on the macro outlook we are staring down the barrel of a sizeable market crash. Now the 3 lines were 2 years after the red circles. That means the bottom is likely at the end of 2023 to 2024. The best way to play this is cash, but deflationary bets might also work. Use...
One of the largest dividend payer on the TSX set to increase that dividend by the end of year/early 2022 They move 25% of nat gas in canada and us on top of solid portfolio of renewable assets Doesn't get more blue chip stock than this. I like to focus my portfolio on companies that are leaders in whatever field they operate in and have shown clear outperformance...
Top left looking at the yearly candle we have the 2-1-2 reversal in force. I am looking at a price target $48, after spending most of 2020 consolidating its obvious the trend for 2021 has been very positive and I see no reason why it would stop now. Ideally next week when the new quarterly candle gets going, we see a break to the upside taking out last quarter...
For much of the rally since march 2020 the Dow jones transport index has been a great leading indicator for weakness and strength for major markets If we stick to that rationale it looks like we should expect some weakness across the SP500 and other major markets in the following weeks just in time for OPEX.
$ENB has been a good recovery play. Slow and steady & great dividends. If you didn't catch the low entries, expect retest of 41$ before hitting 46$. IF clean break, on to 50$. Unlikely we fall below this zone.
TSX Has managed to broke the September month sell off and managed to broke the upper channel trend line and started to growing in the rising channel. And the TSX umped after the retracement towards 16280.00 which is a .50 Fibonacci retracement level's currently reached the minor resistance level which is 16500.00 we can expect the value will rise continuously...
Timing the market with the limited information available to us is nearly impossible, use the strategy that the most successful hedge fund investor in America uses "Ray Dalio" One of his core principles are to buy in increments when the market is bearish with your cash on hand. The key is not to buy with all your available cash on hand at ONCE, this is essential...
Higher highs and higher lows. The CAD is showing some steam and the BoC is being hawkish. Posted positions in relation total holdings.
TSX:TD Nearing the 200EMA on the weekly chart. Acted as a nice bounce spot every encounter in the last decade. Considering market environment I will be playing this very safe and waiting for some kind of confirmation before entering a long position. Any kind of daily closes under that range will be enough for me to pass on this trade. Entry - $65.24 StopLoss -...
Taking a look at the daily chart CIBC TSX:CM to see that it could be at a very decisive point around the $104 area. Price hit a major horizontal that acted as a strong resistance turned strong support with price hitting that level on multiple occasions with subsequently massive price movement to follow. * If price breaks this S/R level with conviction I will...
RBC stuck at the same range, not making a bull run in bull market - instead of adding more shorts to short CAD position (long on USDCAD + long on EURCAD for some time, see previous posts), found my gem short position. Odds in favour - Keep it REAL!
The CAD is going to strengthen majorly against the USD in next 18 months.