AthenaCapital

AthenaCapital

Ideally you have been long this for awhile but even if you aren't there is lots of meat left on the bones here. Returning cash to shareholders lowering debts drastically the picture around the large Canadian producers is looking better and better each day. If it's good enough for the saudis to own its good enough for you. Dividend increase in the pipeline. The...

AthenaCapital

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...

AthenaCapital Updated 

Earnings coming up end of month looking like it wants to go back to ATH

AthenaCapital Updated 

We have the Monthly and Weekly candles already 2 to the upside. I am looking for continuation to the upside the rest of the month with crude prices seemingly having found a bottom. Favorite pick in sector is ENB / CVE / WCP We need that monthly candle to remain green 2 to the upside to stay long

AthenaCapital

I am leaning on the month eventually going 2 to the downside here and opening some further selling throughout the financials sector. Correlation to the 10 year yield has been spot on for months now pay attention to see if it continues. Would buy the dip if we see a nice pullback

AthenaCapital

Looking for Air Canada to go 2-1-2 on the monthly to the downside to trigger some pain here. 20 days left on the month lots can happen Formed a head and shoulder on daily if you look hard enough

AthenaCapital Updated 

TSX financials sector back to ATH and lots of stock still have to catch up, could be a good setup here on BNS. I am long some $80 call expiry aug 20

AthenaCapital

Lots to like with this stock fundamentally, price targets of $250 from various analysts.

AthenaCapital

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.

AthenaCapital

Noticed lots of commentary lately about silver $30 coming. No positions so far but something to monitor

AthenaCapital

Now that we are certain to get cannabis reforms within the first half of 2021 thanks to Chuck Schumer The majority leader of the Senate. Now is the time to allocate yourself properly for the upcoming run up in cannabis related stocks which will make the 2017/18 Canadian legalization mania seem like nothing. I am personally invested in Trulieve, Terrascend, Village...

AthenaCapital Updated 

TSX index looks exhausted on all time frames I wouldn't be surprised if we get some form of consolidation for January. the 200 daily MA is 16380 which would constitute a 6% pull back. Interesting to note that 28% of the TSX is Financials and if you look at the TTFS the TSX financials index more specifically at the Quarterly window in the top left corner you will...

AthenaCapital

Sometimes trading doesn't have to be hard, just buy good businesses. Here is your chance of buying a highly efficient business with strong margins over 50% recently valued at 2.2 Billion / $33 share. Currently trading at $9.58 Aside from the march low of $6.30 due to covid you have to go all the way back to 2004 to find it trading at this price. Think back to...