The NLO team executed the following transaction(s):
- Japan
- Market Indicator
- Price Momentum Indicators
- Richard Russell
- Silver
- Speed Resistance Lines
- U.S. Dividend Watch List
Canadian Dividend Watch List: June 2017
Performance Review
Below is the 1-year performance of the Canadian dividend stocks from our June 2016 watch list:
U.S. Dividend Watch List: June 16, 2017
It seems that even the Fed can't move the market with interest rate hike as the market was flat for the week. Despite the market being near its all-time high, our work of searching companies at their new low doesn't stop. Below, you will find a list of companies with good historical record of dividend paying company trading at or near its yearly low. Continue reading
Posted in Dividend Achiever Watch List, Dividend Achievers, Dividend Watch List
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Bitcoin: What to watch
According to Coindesk.com, Bitcoin achieved a closing high of $3,018.55. This was +30% above our January 1, 2017 estimated upside target of $2,316.35, when Bitcoin was priced at $997.69. Now that Bitcoin has establish a new declining trend, we’ll provide our interpretation on the short-term moves in the price of Bitcoin and new upside/downside targets based on the $3,018.55 peak.
Posted in Bitcoin, downside, upside target
Review: Dover Corp.
On September 10, 2015, we posted on the prospects for Dover Corp (DOV). The following is our review on that posting. We’ll review where Dover is on Edson Gould’s Altimeter and Dow Theory indications of potential upside and downside risks.
Interest Rate Monitor: June 2017
In our last posting on March 13, 2017, we said that the financial markets were widely anticipating that interest rates would increase. However, we persist in the belief that the leading indication of interest rate direction comes from watching the direction of the 3-month Treasury, which is a market driven instrument. As reflected in the chart below, we’re in for a bumpy ride ahead.
Posted in Interest Rate Monitor, interest rates
Coppock Curve: Index Studies
The following is a study of the Nasdaq Composite Index when applied to the Coppock Curve. Our goals is to determine the period for the most optimal performance with the least amount of risk. We provide data on the Nasdaq Composite Index from 1974 to the present.
The Coppock Curve is one of the technical indicators that we focus on for long-term buy signals for the stock market. The Coppock Curve is only useful as a BUY indicator when the chart goes from positive territory to the negative territory then turns decidedly upward. As previously indicated, the Coppock Curve does not provide SELL signals in any way. Once the signal turns upward (while in the negative territory), investors should consider buying stocks at the beginning of the month.
The following is the Coppock Curve analysis based on the “buy” indication and the subsequent performance. The review of the Dow Jones Industrial Average can be found in our June 7, 2017 posting while the S&P 500 performance can be found in our June 8, 2017 posting.
Coppock Curve: Index Studies
The following is a study of the S&P 500 Index when applied to the Coppock Curve. Our goals is to determine the period for the most optimal performance with the least amount of risk. We provide data on the S&P 500 Index from 1954 to the present.
The Coppock Curve is one of the technical indicators that we focus on for long-term buy signals for the stock market. The Coppock Curve is only useful as a BUY indicator when the chart goes from positive territory to the negative territory then turns decidedly upward. As previously indicated, the Coppock Curve does not provide SELL signals in any way. Once the signal turns upward (while in the negative territory), investors should consider buying stocks at the beginning of the month.
The following is the Coppock Curve analysis based on the “buy” indication and the subsequent performance. We will follow this with the Nasdaq Composite in the coming days. The review of the Dow Jones Industrial Average can be found in our June 7, 2017 posting.
Transaction Alert
The NLO team executed the following transaction(s):
Coppock Curve: Index Studies
The following is a study of the Dow Jones Industrial Average when applied to the Coppock Curve. Our goals is to determine the period for the most optimal performance with the least amount of risk. We provide data on the Dow Jones Industrial Average from 1931 to the present.
The Coppock Curve is one of the technical indicators that we focus on for long-term buy signals for the stock market. The Coppock Curve is only useful as a BUY indicator when the chart goes from positive territory to the negative territory then turns decidedly upward. As previously indicated, the Coppock Curve does not provide SELL signals in any way. Once the signal turns upward (while in the negative territory), investors should consider buying stocks at the beginning of the month.
The following is the Coppock Curve analysis based on the “buy” indication and the subsequent performance. We will follow this review with the S&P 500 and Nasdaq Composite in the coming days.
Transaction Alert
The NLO team executed the following transaction(s):
Quick Take: Stericycle
In our Nasdaq 100 Watch List posted on May 29, 2017, we discussed some attributes of Stericycle (SRCL) that we found interesting. In this posting, we’ll cover some addition thoughts on the fundamentals of Stericycle.
Gold Stock Indicator: May 2017
Gold and gold stocks have been treading water since January 2017. While a trading range has been established, there are ominous signs on the horizon.
Bitcoin: May 2017
Bitcoin has been on a wild ride of late. While surprising to some, with estimates of how much you would be a billionaire if you held from the inception, we’ve been providing upside and downside targets that have been achieved with relative ease and accuracy well in advance of the move (see our January 1, 2017 posting).
Recently, Bitcoin has managed to rise as high as $2,476.30 on a closing basis according to Coindesk.com’s Bitcoin Price Index. The closing high is actually well below the intraday high of $2,791.69 set on May 25, 2017. We’re going to provide upside and downside targets based on the indicated closing high.
Posted in Bitcoin
U.S. Dividend Watch List: May 26, 2017
Previous Year Performance Review
In our ongoing review of the NLO Dividend Watch List, we have taken the top five stocks on our list from May 27, 2016 and have checked the performance one year later. The top five companies on that list can be seen in the table below.
| Symbol | Name | 2016 Price | 2017 Price | % change |
| CALM | Cal-Maine Foods | 45.74 | 40.65 | -11.1% |
| HFC | HollyFrontier Corporation | 26.96 | 24.77 | -8.1% |
| CAH | Cardinal Health | 78.15 | 73.10 | -6.5% |
| NPBC | National Penn Bancshares | 10.72 | 10.72 | 0.0% |
| TIF | Tiffany & Co. | 62.54 | 86.18 | 37.8% |
| Average | 2.4% | |||
| DJI | Dow Jones Industrial | 17,873.22 | 21,080.28 | 17.9% |
| SPX | S&P 500 | 2,099.06 | 2,415.82 | 15.1% |
The S&P 500 rose +15.10% in the last year. However, the top five companies on our watch list gained only +2.40% due to underperformance of 4 companies. The worst performer was Cal-Maine Foods (CALM) which is a major producer of eggs. We thought that the bottom was near at the time but we were proven wrong. Falling not far behind was HollyFrontier (HFC) which fell -8.10%. We didn't believe the company was providing enough margin of safety until it traded below book value. Refining is a difficult business but the utilization rate is approaching full capacity (100%, see data) which suggests that pricing should firm up in the near future. We are not suggesting an outright buy at this level but a purchase here is clearly better than last year.
U.S. Dividend Watch List: May 26, 2017
Another week and it's another all-time high for the S&P 500. The index rose +1.40% for the week. We ended the week with 37 companies on our watch list this week. Continue reading
Posted in Dividend Achiever Watch List, Dividend Achievers, Dividend Watch List
Tagged members