Below are the downside target for Canadian Natural Resources applying Dow Theory.
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Author Archives: nlo-admin
Canadian Natural Resources 10-Year Targets
Below are the valuation targets for Canadian Natural Resources (CNQ.TO) for the next 10 years. Continue reading
3M Co. Price Momentum Indicator
Below is the Price Momentum Indicator for 3M Co. (MMM).
EZCorp. Price Momentum Indicator
Below is the Price Momentum Indicator for EZCorp. (EZPW).
Vale Price Momentum Indicator
Below is the Price Momentum Indicator for Vale S.A. as of March 14, 2024:
Eli Lilly Downside Targets
The data covered is from February 8, 2018 to March 12, 2024.
Q & A on Gold Stocks
Q: May one conclude that you have not lost ALL trust in gold (and silver?) stocks, even today?
Q & A on Gold Upside Targets
Q: Do you have price targets for Gold moving ahead?
Thoughts on Gold
We started out as gold bulls because we followed gold analysts from the 1970’s to today. Below are some current thoughts that might be useful.
Hang Seng Speed Resistance Lines
Below are the Speed Resistance Lines for the Hang Seng Index.
Gold and Inflation
As the price of gold increases and more talk of inflation permeates into our lives we thought it would be a good time to review a data set going back to 1790 for some insight on where we might be in the cycle of gold and inflation.
Occidental Petroleum Price Momentum Indicator
On August 24, 2022, we said the following of Occidental Petroleum (OXY):
“Buying oil stocks at this point, especially Occidental Petroleum, is a setup for failure considering all the better alternatives that aren’t at such extremes in the Price Momentum Indicator.”
A look at the price and the Price Momentum Indicator suggests the value of avoiding new positions in OXY at the time.
Coppock Stock: February 2024
The market continued to zoom higher in 2024 and pushed the upper limits for many stocks and indexes, the S&P 500 included. Our review of the Coppock Curve is a good reminder to us that markets move in cycles and there are times when this list can dwindle to only a few.
Before we jump to this month's list, let's review how this indicator did based on the January 2023 list. The average return was 25% for the group with a success rate of 81%. If we exclude Meta's astonishing returns, the average gain is still an impressive 19%.
At the end of February 2024, there are 2 companies with ‘Buy’ signal. Continue reading
Deere & Co. Price Momentum Indicator
Below is the the Price Momentum for Deere & Co.
American Water Works Price Momentum
Below is the Price Momentum Indicator for American Water Works.