Below is the Bloomberg Commodity Index (formerly known as the Dow Jones Commodity Index) with downside targets based on the work of Edson Gould.
Posted in Bloomberg Commodity Index, commodities
Since the Coppock Curve flashed a buy indication at the end of March 2016, the Dow Jones Industrial Average has increased by +3.52% while the S&P 500 gained +5.20%. Our strategy of purchasing Guggenheim S&P 500 Equal Weight ETF (RSP) has proven was well timed and is up +6.40%. Below is an update to the Coppock Curve.
Performance Review
This is the performance from the September 25, 2015 Nasdaq 100 Watch List.
If we exclude the change from Yahoo (YHOO), Wynn (WYNN), Mylan (MYL) and Applied Materials (AMAT) then the analyst performance was mostly on target.
During the month of September 2016 the price of gold increased +1.12% while the Philadelphia Gold and Silver Stock Index increased +1.90%.
We’ve indicated the area of price movement that would put our mind at ease in terms of the continuation of the upward trend.
Below are the downside targets for Bristol-Myers Squibb (BMY) with precedence from prior periods to the present. Additionally, we include Gould’s Altimeter for relatively consistent pattern since the early 1990’s. We believe that the data indicates highly probable targets for initiating research and purchases of BMY with a high level of confidence and reduced risk.
Below are the price projections based on analyst earnings estimates for our recent U.S. Dividend Watch List dated September 23, 2016. These estimates project the price change for the respective stocks over the next 12 months and the risk profiles associated with the estimates.
Below we have included the downside targets for Wells Fargo (WFC) using Dow Theory and Edson Gould’s Speed Resistance Lines.
Posted in WFC
A simple flag or pennant formation seems easy to identify. Now it is time to see if the direction of the index will do a retest of the late January 2016 low.
Posted in Shanghai Composite Index
It was another good week for the bulls as the S&P 500 rose more than +1%. As such, the year-to-date gain on the index sits slightly below +6%. This bull market continues to drag along and the only thing left is to break the all-time high back in August 2016. For investors looking for quality companies and a good margin of safety, please review our watch list below. Continue reading
Posted in Dividend Achiever Watch List, Dividend Achievers, Dividend Watch List
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For anyone following the Shanghai Composite Index, we appear to be on the cusp of a significant change in the Index. Below is what we believe to be a “flag” or “pennant” formation that is about to come to a conclusion. First, let’s address what a “flag” or “pennant” formation is from the most credible source on technical analysis.
“A Flag looks like a flag on the chart. That is, it does if it appears in an up trend; the picture is naturally turned upside down in a down trend. It might be described as a small, compact parallelogram of price fluctuations, or tilted rectangle, which slopes back moderately against the prevailing trend (Robert Edwards & John Magee. Technical Analysis of Stock Trends. International Technical Analysis Publishers, Boston. 1991 edition. page 202).”
Additionally, Edwards and Magee said the following of this consolidation pattern:
“These pretty little patterns of consolidation are justly regarded as among the most dependable of chart formations, both as to directional and measuring indications. They do fail occasionally but almost never without giving warning before the pattern itself is completed (Robert Edwards & John Magee. Technical Analysis of Stock Trends. International Technical Analysis Publishers, Boston. 1991 edition. page 211)."
Posted in Shanghai Composite Index
Below are the downside targets for the Hanover Insurance Group (THG) and the recommended levels to start your research and possible acquisition of the stock.
Below are the downside targets for Just Energy (JE.TO).
Bird Construction (BDT.TO) has the following downside targets:
Enghouse Systems (ESL.TO) has the following downside targets:
Performance Review
Below are the actual returns compared to the analyst estimates for the stocks from our Canadian Dividend Watch List dated September 2015.
At the time, We said the following of the stocks on the list:
“CNQ.TO, SNC.TO and IMO.TO are expected by the analysts to suffer greatly in the coming year. We think that the opposite will be true. Analyst expectations for companies on the far right side of the above table will not come near the triple digit and above estimates.”
Based on the performance one year later, CNQ.TO, SNC.TO and IMO.TO averaged a gain of +26.60%. The stocks slated to gain triple digits averaged a loss of –5.75%. In the last year, the Toronto Stock Exchange has increased +5.84%.
Below is our watch list and analyst projections.