CanadaFinanceGroup

CanadaFinanceGroup

The chart shows USOIL relative to Silver in a buy area again. USO (Crude oil futures ETF) is favorable choice to invest in crude oil since it benefits from current backwardation in future contracts. Target for USO : $80 Time period: 3 months. Trade suggestion: Buy USO at 73 Sell Covered call at 75 for Dec above $3.65-$4 per share premium.

CanadaFinanceGroup

It s been a 10 year downward trend. And Emerging markets has been underperforming vs SPX. Is it the time to change the course?

CanadaFinanceGroup Updated 

Tesla valuation surged beyond any fundamental justifications and has formed a huge bubble which eventually will be burst. In the way down, bubbles tend to form a head and shoulder pattern. The 2 possible correction pattern has been shown in the chart. please share your thoughts. which one is more likely?

CanadaFinanceGroup

I think going forward, Investment in Canadian Energy $XEG, Gold mines, Financials or European Growth Stocks $EFG will be rewarded better.

CanadaFinanceGroup

$COST Same pattern Fundamentally: 20% rise in money volume and consumers try to save some money to buy in bulk.

CanadaFinanceGroup Updated 

Gilead Sciences is one of the largest antiviral producers in the world. Covid 19 pandemic showed that the greatest threat to the existence of humanity comes from Viral infections not wars or other natural disasters. Gilead has hundreds of untested patented antiviral agents that can helps in these kind of situations. Finding the cure for the hardest diseases like...

CanadaFinanceGroup

$ BPY $BPY.UN has a great portfolio of residential/office/ commercial properties. It s now trading at 30% of NAV. The malls has been affected by Covid 19 but the great location would help BPY to survive this crisis like the ones before. I think 2 senario for the shares: 1- No Div Cut 2- Div Cut The second scenario may cause the shares to drop in a short term...

CanadaFinanceGroup Updated 

Based on Fibonacci extension, target for gold can be 2300-2400 in a 3 year period. $XAUUSD

CanadaFinanceGroup

I guess the V Shape recovery has a better chance but I will be prepared for W formation.

CanadaFinanceGroup Updated 

Similar pattern like y 1999-2003 , Dow to Gold ratio is now above 20

CanadaFinanceGroup

forecast If support line works

CanadaFinanceGroup

New management has done an impressive job to turn around Valeant since Jan 2016. Under promised over delivered. Cash flow is strong and US$ index decline helps Valeant to improve its bottom line. Technically the bottom pattern is almost finished and with a good ER in next month, I expect the rally continues.

CanadaFinanceGroup

I do not expect a very sharp move before ER. To be in a safe side I prefer to write expensive puts at strike price of 16.5 USD or 16 USD for after ER and I would like to bet on the long side. $VRX $VRX.CA

CanadaFinanceGroup

$VRX middle finger pattern

CanadaFinanceGroup

Possible Bullish Shark Pattern in Precision Drilling