Opportunity in Chinese markets

  The Shanghai exchange is showing some interesting technicals that suggest a buying opportunity might be approaching. There are some caveats that should be addressed before an investor should take a position in that market, however. Lets go over the technicals for this index to determine if and when we might consider taking a postion in [...] read more

Temporary correction due

As the S&P 500 continues to ride the top of its trend channel, a few momentum divergences have appeared that may suggest the continuation of last weeks pullback. MACD and RSI have been diverging from the broader market trend. So too has my favourite short termed money flow indicator – shown at the top of [...] read more

Loonie for the loonie

  Here’s a chart of the loonie vs. the USD that I have posted on this blog site many times before. It’s amazing how the support line, which I drew years ago on my original post, held until late last year – and now has become resistance. Sometimes this technical analysis stuff actually works, folks [...] read more

Casino stocks: worth the gamble?

  We’ve been looking at some casino stocks lately. Certainly, it’s been a better  move to buy the casino stocks than to invest (if that’s what you wish to call it) in their gaming machines and card tables. It’s like the banks—why buy underperforming bank-sold mutual funds and brokerage-sold wrap accounts, when you can buy [...] read more

Time for gold and silver?

  Seasonally, July can often start off strong and finish its rally into about the mid-point of the month for the broad S&P 500 index (source: Thackray’s 2014 Guide). From that point, late July and August can be a bit more “iffy”, at least from a seasonal perspective. According to Thackray, August on the whole [...] read more