What happens when the music stops?
ValueTrend
by Keith Richards
3w ago
As NVDA and the select few strong tech stocks continue to knock it outta the park, one cannot help but wonder: What happens when the music stops? Today’s blog addresses that question. Bob Farrell Technical Analysis icon Bob Farrell listed a number of investing rules to abide by. Frances Horodelski recently reminded me of two of those rules that may apply to the current markets. BTW – Frances – who was always my favorite BNN host, has an always insightful blog here. “Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names.” “Excesses in one directi ..read more
Visit website
Ask us anything Answers: Part 2
ValueTrend
by Keith Richards
2M ago
Here we go with the answers for the final questions posted on the Ask Us Anything blog. Again, we’ve grouped a couple of the questions together when they on similar topics. Enjoy! Gold & Oil Q: Marc asked about buying gold against other assets that may decline. Marc’s question was multi-faceted. Should he buy gold in C$ or USD? Are there ETF’s holding gold directly proportionate to the market cap? Craig’s A: One of the reasons many investors reason/take a position in gold is protection/hedge a weakening USD. As a Canadian investor it may then be advantageous to buy in CAD. Often commodity ..read more
Visit website
Bullish Bonds, Bullish Banks, Beware the SPX
ValueTrend
by Keith Richards
3M ago
Three topics to discuss today. Canadian vs. US bonds, a warning on the S&P 500 chart, and a look at the US banking sector. Canadian vs. US bonds We’re bullish on US long bonds. Bonds can do well as inflation falls, allowing monetary policy to soften. But we’re not quite as hot on Canadian bonds on a relative performance basis. We have focused strictly on US bonds. We hold a position in the US TLT long bond ETF. Canadian bonds may not fare as well as US bonds going forward. Lots of debate around the “carbon tax” of late. Bottom line, whether rebates match the tax (or not) for ordinary ..read more
Visit website
Canadian bank review
ValueTrend
by Keith Richards
3M ago
Thought its time to review the CDN banks again. Typically, I grab one of the best Canadian Bank ETF’s and analyze the technicals for you guys. But this time, I’m going to go through each of the bank charts separately. There’s only a few of them (8). More importantly, there really are some major differences in their chart patterns. So different that some are outright bullish, while others are outright avoid’s. First, we’ll start with the big-six. That is, TD, CIBC, Scotia, Royal, Bank of Montreal, and National. Then, we’ll do the two second tier banks Canadian Western and Laurentian. Lets get a ..read more
Visit website
Sector rotation model points to materials
ValueTrend
by Keith Richards
4M ago
One of the many investment tools I present in my Online Trading Course is a sector rotation model. Like everything in that course, I designed the sector rotation model to be a simple, easy to understand tool for ordinary investors to uncover profitable trading ideas. Today, I will cover how the tool works and the current sectors it is pointing towards owning. I’ll also look at the charts of those sectors to give you some thoughts on the buy/sell target points. The point of this exercise is to teach you how to drive by looking forward, rather than by looking in your rear view mirror. Let’s get ..read more
Visit website
Are some of the MAG Seven cowboys falling off their horses?
ValueTrend
by Keith Richards
4M ago
The Magnificent Seven (MAG-7) stocks have been market leaders since early 2023. Actually, they’ve pretty much been to sole drivers behind the success in the SPX. Last year, most of these cowboys were riding in unison. Lately, not so much. A few may be falling off their horses. Lets take a look at the charts, and ponder on the significance of less magnificence. Performance less uniform amongst the Mag-7’s The Mag-7 stocks are comprised of MSFT, AMZN, META, AAPL, GOOGL, NVDA, TSLA. Contrast n’ compare time again, kids. Let’s get at it. What the inconsistent performance by the Mag-7’s implies MAG ..read more
Visit website
Read this before you buy energy stocks
ValueTrend
by Keith Richards
5M ago
Is now the time to buy energy stocks? Today, I want to examine an interesting discrepancy when comparing the Canadian and US energy producer sector charts. From there, I want to strongly (!!!) recommend you watch my video interview with Lorne Gunter on the Canadian energy industry & current climate policies. All investors exploring the energy trade should see that interview! I’ve attached a link at the bottom of this blog. Crude oil First, lets start with crude oil itself. Here’s the longer termed chart since 1999. Many of you old dogs out there (like me) will remember the heady “peak oil ..read more
Visit website
Lots of trading ideas
ValueTrend
by Keith Richards
9M ago
Today, we are going to take a high-level view of sectors to watch for upside moves. As far as looking for protection from downside moves, you might want to watch my newest video on identifying the real “crash n’ burn” candidates before they erupt. It shows you how to identify an overvalued, overbought stock or sector. I feel that this is one of the more important videos I’ve published lately. It will give you tools to identify & avoid losses in high probability danger stocks. Here’s the link: How to Spot an Overbought Stock – ValueTrend Before we get started: Newsletter subscribers receive ..read more
Visit website
Revenge of the nerds
ValueTrend
by Keith Richards
10M ago
Here are some of my neartermed market comments, mixed in with some quotes from sources I respect. Weekend reading for all us market analysis nerds! I say: better a rich nerd, than poor & cool. Read on: My thoughts on a neartermed rally: Sure, a rally from here makes sense (three or four-day rallies often follow short-seller victory cheers, aka covering), but the technical damage is real and probably long-lasting. Note the lower low in August – below. The SPX still looks bearish from an intermediate perspective, and 4200, or even 3800 on the SPX look feasible. The neartermed timing system ..read more
Visit website
4 sectors to avoid in your portfolio
ValueTrend
by Keith Richards
10M ago
OK, you guys know of my bullish stance on hard assets. I also like certain value stocks. For example, commodities and certain international markets when the markets complete my predicted pullback. Stay tuned to this blog for more on that. But today, I’d like to examine my “avoid” list – aka sectors not attractive in my eyes. These sectors are NOT on my buy list! 4 sectors to avoid in your portfolio! Automotive: In the news… BIDEN SAYS HE AGREES UAW SHOULD GET A 40% INCREASE  – TELLS STRIKING AUTO WORKERS TO ‘STICK WITH IT’ Elon Musk on this headline: “A 40% raise with a 32 hour workweek w ..read more
Visit website

Follow ValueTrend on FeedSpot

Continue with Google
Continue with Apple
OR