Time to buy approaching!

I’m posting my S&P 500 chart with updated annotations that I’ve presented a few times over the past 3 weeks. This weeks chart (below) shows a few developments, which I’ve circled, leading me to believe that we may have seen the capitulation bottom last Wednesday. I’ll go over these points here: Two back to back [...] read more

Time to get fired up about natural gas?

  Earlier this year, Nat Gas broke out of a 2-year consolidation pattern to reach a price point not seen since 2011. The Nat. Gas ETF UNG chart is shown below, and we can see a nice level of volume indicating significant participation in this sector on the breakout. By late June, however, the party [...] read more

Where have all the good times gone?

  Before we get started—if you live near Brantford, Ontario, come out and join us tomorrow at the Brantford Public Library: Thursday October 9th, 2014. 7:00PM. Technical analysis concepts from the book Sideways are discussed – come out and join the discussion! With recent bearish activity on the stock market, investors might be forgiven for [...] read more

Key reversal day

  As I sat in my office last Thursday afternoon with my associate, Craig Aucoin (who is ValueTrend’s resident fundamental analyst extraordinaire!) – I noted that the market was in the midst of performing a classic intra-day reversal pattern. The Dow and S&P500 large-cap indices both declined intra-day almost 1.5%, followed by a positive close. [...] read more

Where will the loonie land?

  Loons are a species of bird that are an iconic part of the northern Ontario—and much of Canada’s northern wilderness experience. We live with the loons in my cottage throughout the summer in “the Near North” of Ontario. We watch them fly home, raise a family, and then fly back south before the winter. [...] read more