 |
2008 Traders' Notes. TSX and TSX Venture |
 |
|
| Date
|
Ticker Chart |
Price
|
Stop
|
Target
|
Comments, EA = Member Email Alert |
| Nov
14 |
HXD chart |
31.22 |
up
21% on the week, Sold at
$34, nov 13 |
||
| Nov
8 |
HXD chart |
28.06 |
26.50 27 |
34 |
Horizon
BetaPro TSX 60 Bear HXD,
$28.06 up 2.71% on the week. Volumes on Thursday November 6 were
high as the TSX sold off. Friday the volumes were 50% average on the
-2.2% downside move. Volumes and price are key to the direction.
Increase your stop-loss to $26.50-27 |
| Oct
14 |
HXD chart |
31.50 |
up 15%, Stop-out. Stop-loss lower limit of $31.50 | ||
| Oct
10 |
HXD chart |
35.43 |
32 |
up 29.45%, Horizons Beta TSX 60 bear,
HXD (chart )
gained 29.45% for the week. Increase stop-loss to 32. Some
consolidation or an oversold market is near. Expect a rebound in the
TSX but stay in the trade till the stop-loss kicks in. |
|
| Oct 3 |
HXD chart |
27.37 |
25 |
Horizons Beta TSX 60 bear, HXD (chart ) gained 22.7% for the week. The move is a triple top break-out. We could see HXD move higher ? A stop-loss in needed in the trade. | |
| Oct 15 |
HED | 34.50 |
up 41.0%, Stop-out. The drop below the stop-loss on Tuesday October 14 resulted in a sell at 34.50 ( the stop-loss lower limit ). | ||
| Oct
10 |
HED | 40.88 |
35 |
up 67%, Horizons Beta Energy bear, HED (chart ) gained 67% for the week. Increase stop-loss. The spike up looks like some consolidation is near. The volumes are slowing down, as the sell-off is weakening. Oil and gas companies will rebound when the fear diminishes to greed for value in these beaten up stocks. | |
| Oct
3 |
HED | 24.46 |
22.50 |
Horizons Beta Energy bear, HED $24.46 (chart ) gained 36.9% for the week. The move is a break-out. If Oil were to continue lower, HED should be added to the watch-list for further weakness in Oil and gas stocks. Upper resistance is in the $28-29 range. Again, use a stop-loss to enter the trade. | |
| sept
5 |
HNU | 12.50 |
11.50 |
Natural Gas ETF, making a base formation. If we have a normal winter, the gas price should move higher. | |
| aug
15 |
HOD | 10.22 |
9.70 |
up 10.7%, Stop-out, at $9.70 August 13. | |
| aug
8 |
HOD | 10.07 |
9.70 |
up 14.9% from July 23. Horizon Beta Short Oil , HOD, $10.07 (chart ), new stop-loss $9.70.Oil's move from $147 to $115 ( graph ) has been fast. Expect a major support level for Oil at the 200 day moving average of $109. | |
| aug
5 |
HOD | 8.55 |
8.40 |
Horizon Beta Short Oil, HOD, (chart ), $8.55 (closed Monday), is the short for oil on the TSX. The bid/ask pre-market is $9.00. Suggested stop is $ 8.40 | |
| July
23 |
HOD | 8.76 |
Horizons
BetaPro Crude Oil Bear, HOD,
$8.76 Volumes are higher and the move looks like a rounding bottom. 3.9
million shares traded up
6.4% today. If oil moves to the $121 support level, HOD will move
higher. |
||
| aug
13 |
SLF |
38.75 |
stop-out |
||
| aug 8 |
SLF |
39.81 |
38.75 |
up
2.6% , increase stop-loss. We are watching a double bottom formation build. |
|
| aug 2 |
SLF |
38.80 |
37.85 |
43 |
Sun
Life Financial SLF, (chart
) $38.80 closes near a 3 year low. If we review the chart, we see
a
double bottom formed. For a trader, these are the types of bottoms to
watch. More money will flow into a stock if we have a double bottom
than a dead cat bounce rally. In a big down trend, the shorts will
cover in the first rally. In the second rally off technical support at
$38, ( providing this holds ) the price target could be the 200
day moving average of $43. A stop-loss at $37.85 is needed. |
| Aug
13 |
HED | 16 |
up
13.5%. Stop-out |
||
| Aug
8 |
HED | 16.60 |
16 |
18-20 |
up
17.8%. Increase
stop-loss. It could be time to exit the trade. Oil has made a big move
lower and we may see the near term move down is 80-90% completed. For
now we expect gas or oil stocks to
rebound this sharp sell-off. |
| July
23 |
HED | 16.47 |
15 |
18-20 |
up 16.9% from our pick July 15.Increase stop-loss. A possible target range is $18-20 if the oils were to continue to sell-off. |
| July
19 |
HED | 15.33 |
14.85 |
HED closed up 8.8% from our pick @ $14.09 July 15. The uptrend reached $16.14 on Thursday, July 17. The trend could still be higher. A suggested stop-loss is $14.85 | |
| july
15 |
HED | 14.09 | Horizon Betapro - Bear Oil and Gas ETF should be watched for another move higher. If we break above $15, a move to $16+ is very possible. As indicated in the USA discussion on Oil, we could have just put in a local top on Oil at $147.90. Oil stocks are looking weaker. | ||
| July
22 |
RY | 44.20 |
up
3.2 % stop-out, the uptrend reached as high at $45.84 before the stop-out. |
||
| July
19 |
RY | 44.70 |
44.20 |
Royal Bank, RY $44.70 reached a near term target of $45. Up 4.4% from our last weeks pick at $42.80. A new suggested stop-loss is $44.20 | |
| July
17 Alert |
RY | 42.80 |
42.80 |
45 |
The Royal Bank, RY $42.80 will be moving higher on the open. A possible target is near $45 for the short term. Stop-loss is $42.80 as it will open higher. |
| July
16 |
HFD | 31.50 |
up 4%, Stop-out mid-day Wednesday. | ||
| July
11 |
HFD | 30.22 |
28.70 |
The Canadian version of the US UltraShort Financials SKF is the Horizions BetaPro Financial Bear (Short) ETF, HFD $30.22 up 4.6% Friday. The volumes in the past 3 days for this ETF are 2X-3X average volume. We are nearing upper resistance of $32.40 and would suggest this be a near term target. Set a stop-loss at $28.70 if you are in this trade. | |
| July
15 |
ABX | 50.50 |
up
7% Sold at $50.50, A fast drop on the open as the financials reversed course. |
||
| July
11 |
ABX | 50.00 |
47.50 |
Increase
Stop-loss, Upper resistance at $52. Volumes Friday were 2X average volume. 7.39 million shares |
|
| July
10 |
ABX | 47.19 |
Barrick
Gold, ABX,
Email Alert to our Members 1/2 hour before market open. Gold was up
overnight |
||
| July
9 |
HED |
13.80 |
up
7.8% , stop-out |
||
| July
8 |
HED |
14.38 |
13.80 |
The
move was fast, up 12.3% from our weekend update. Increase your stop-loss. We sold 50% of this move today at $15/share or 17%. The 2 day break-out was fast. Our members had 2 days pre-warning from our weekend email update. |
|
| July
3 |
HED |
12.80 |
11.50 |
Horizon
Betapro - Bear Oil and
Gas ETF, a possible base has formed with Oil and Gas stocks
retracing. This could be slow to break-out, but the oil stocks have moved lower in the last 5 trading sessions. Add to the trader watchlist for weakness in Oil stocks. One strategy could be to accumulate if we see Oil weakness. Several smaller trades to build a position. |
|
| July
3 |
G | 45 |
8.7
% return, Stop-out |
||
| June
27 |
G |
46.90 |
45 |
13.3
% increase over last weeks update. Goldcorp could be making a break-out over 46 price range if these volume hold. The technicals are very bullish. Increase stop-loss, or take 1/2 you position as profits. |
|
| June
20 |
G | 41.37 |
Weekend
Update June 22, 2008, Goldcorp, G, $41.37 a similar graph to Kinross. $44 would be a signal a possible uptrend could start. |
||
| July
3 |
K | 22.50 |
13.2%
return, stop-out. June 30, Exit 50% of position off at $24 or 20%
return. |
||
| June
27 |
K | 23.48 |
22.50 |
18.1%
increase over last weeks update. Increase stop-loss, or take 1/2 your position as profits. |
|
| June
20 |
K |
19.87 |
Weekend
Update June 22, 2008, Gold Stocks are continuing to improve. A possible uptrend could start. Several of the key gold companies are in consolidation formations. Kinross , K, $19.87 is on the 200 day moving average and could advance. Goldcorp, G, $41.37 a similar graph to Kinross Gold . $44 would be a signal a possible uptrend could start. |
||
| July
3 |
HFD | 27.50 |
7.6 % return Stop-out,
trend is slowing , upper resistance at $29-30 |
||
| July
2 |
HFD | 28.64 |
27.50 |
The banks are moving lower. We continue to hold Horizon Bear Financials. up 3.3% today. Increase your stop-loss to $27.50 | |
| June
27 |
HFD | 27.05 |
26.40 |
5.9% increase over last weeks update. Horizon Bear Financials, Increase stop-loss or take profits. Volumes slowed down on Friday which could indicate a slowing of the uptrend. | |
| June
20 |
HFD | 25.54 |
Weekend
Update June 22, 2008 Horizon Bear Financials, HFD, $25.54 Bank stocks are heading down. HFD has broke-out. Upper resistance at $26.51 and $30. Volumes in the last 2 days were 2X normal. |
||
| June
24 |
POU |
21 |
2.2% return Stop-out,
Reversal of trend. |
||
| June
23 |
POU |
22.25 |
21 |
Emailed Members: Breakout move updated from the weekend, new trailing Stop-loss should be set at $ 21. Up 8% Monday with nearly double volumes | |
| June
20 |
POU | 20.54 |
20 |
Weekend
Update June 22, 2008 Paramount Resources, POU, $20.54 A possible move higher on the volumes of the past 4 trading days (2x normal). A stop-loss would be $20. |
|
| June
20 |
OIL | 18.00 |
4.4% return, stop-out | ||
| June
17 |
OIL | 18.94 |
18.00 |
Volumes
are needed,over 2 million would be a good signal. Increase stop loss. |
|
| June
13 |
OIL | 17.70 |
16.90 |
On
the watchlist for a triple
top break-out and close above
$18. Watch for a volume signal (1.5 to 2X average volumes) to confirm
the direction. |
|
| June
7 |
OIL | 17.24 |
Oilexco , Double top Breakout above $17.00, triple top breakout above $18. Add to the watch list for a move higher. | ||
| June
24 |
TA |
35.80 |
15.2%
return, A failed break-out and drop on low volume, A Stop-loss was needed. |
||
| June
17 |
TA |
37.25 |
35.80 |
new
Double
top breakout on volume signal. , increase stop-loss |
|
| June
6 |
TA |
36.25 |
35.25 |
Increase
stop-loss, Near a new Double
top breakout. A new buy signal above $36.25 |
|
| May
30 |
TA |
36.03 |
35 |
up
16% from March 27, Increase
stop-loss |
|
| May
23 |
TA |
35.31 |
34 |
Increase
stop, Nearing old resistance of $35.80, Possible new break-out above $36.50 |
|
| apr
25 |
TA | 33.46 |
33 |
Increase
stop, upper resistance at $35.50 |
|
| apr 4 |
TA | 33.05 |
32.50 |
33-34 |
Increase-stop, Target price met. Lock in profits |
| mar
28 |
TA | 31.74 |
31.30 |
33-34 |
Volumes
have been 2X up. A good signal of the reversal and move up. |
| mar
27 |
TA | 31.06 |
30.60 |
A
reversal on 4X normal volume - or stop out at a small loss. It could be worth a look. Technically strong - lower support at $30 |
|
| June
5 |
HOD | 9.10 |
8.0% return, stop-out | ||
| may
30 |
HOD | 8.94 |
8.80 |
up
6.1% from last week. Increase stop
loss. Friday's high of $9.28 and griding higher. Some great trades over
6-9% in the last few days. We have unloaded 70% of our position at a
profits above 6%. The last 2 days have traded 4X and 6X normal volumes. |
|
| may
27 |
HOD | 8.83 |
8.50 |
Volume
3X average, A good signal of the reversal and move up, increase stop
loss |
|
| may
23 |
HOD | 8.42 | 7.50 |
Horizons BetaPro NYMEX Crude Oil Bear Plus ETF - Possible reversal in Oil, 3X High Volumes in the past 4 days. Stop-loss set at $7.50. HOD is a short term trade and would assume we have made a short term high in Oil @$135.09 usd. This is a global play and will not be a Canadian local trend on the TSX. | |
| June
5 |
HED | 12.28 |
2.5% return, stop-out | ||
| may
30 |
HED | 12.58 |
12.28 |
Up
5% from last week, may 23. Increase stop
loss The trade reached $13 on 2 attempts this week or 8.6% above our call on may 23. The stop-loss is now at the lower support for the weeks trading. |
|
| may
27 |
HED | 12.64 |
12 |
Volume
3X average, A good signal of the reversal and move up, increase stop
loss |
|
| may
23 |
HED | 11.97 | 10.78 |
Horizons BetaPro Capped Energy Bear Plus. 3X average volumes in the past few days have pushed this ETF higher.. Similar to HOD. Set stop-loss at $10.78. This is a short term trade. | |
| may 28 |
LAM |
4.45 |
Stop-out,
The up-trend has rolled over. A nice base is being formed for a move up
as we near the 200 day moving average. This will remain on our
watchlist. A trade of $4.99 was reached 4 days after the may 20 signal
was posted. $4.99 is 7.5% higher than May 20 price close. We traded the
majority of our position over $4.85. |
||
| may 23 |
LAM |
4.77 |
4.45 |
5.83 |
Increase
stop-loss, Volumes are above average |
| may 20 |
LAM | 4.64 |
3.80 |
5.83 |
We
are risking a base has
formed. Near term target the 200 day moving average. A nice move over the 50 day moving average. This is a spec play, Don't bet the farm. |
| may
27 |
BTE |
29 |
8.2% return, stop-out | ||
| may
23 |
BTE |
29.30 | 29 |
Possible
local top, volumes are high and the uptrend has stopped. |
|
| may
20 |
BTE | 29.95 | 29 |
up
11.8% from may 08, Increase
stop |
|
| may
16 |
BTE | 29.04 | 28 |
Increase
stop, uptrend in place. Expect a consolidation formation at some point. |
|
| may
8 |
BTE | 26.78 | 25 |
Baytex
Energy Trust, Breakout is underway - repost from May08 |
|
| may
27 |
CLL |
4.68 |
2.6% return, stop-out | ||
| may
20 |
CLL |
4.96 |
4.70 |
up
8.7% from may12, Increase
stop, |
|
| may
16 |
CLL | 4.70 |
4.60 |
Increase
stop, Volumes higher in past 3 trading days. |
|
| may
12 |
CLL | 4.56 |
Connacher Oil and Gas , breaking out above $4.60 | ||
| may
27 |
CCO |
40 |
-1.9% return, stop-out | ||
| may
23 |
CCO |
40.32 |
40 |
close
near the stop-loss, Uprend in place, closing above the 200 day moving
average. |
|
| may
20 |
CCO | 42.54 |
40 |
up
4.3% from may08, Increase stop-loss |
|
| may
16 |
CCO | 41.59 |
39.00 |
Moving
higher, CCO closed above the 200 day average on above average volume - a positive signal. |
|
| may
12 |
CCO | 40.28 |
37.50 |
Possible
breakout above the 200 day moving average |
|
| may
08 |
CCO | 40.76 |
37.50 |
Cameco,
Uranium Possible breakout above the 200 day moving average after being down since last august 2007. Volumes are 2X average. |
|
| may 20 |
RIM |
138 |
2.7%
return, stop-out |
||
| may 16 |
RIM | 140.31 |
138 |
Pause
in uptrend, volumes are below average. |
|
| may 12 |
RIM | 142.25 |
138 |
Increase
stop. up 6.67% on above average volumes |
|
| may
02 |
RIM | 134.34 |
126 |
170 |
Breakout
in progress |
| may 26 |
SNC |
55.00 |
5.4%
return, Stop out |
||
| may 20 |
SNC |
56.35 |
55.00 |
60 |
Take
profits on any weakness. Local Top formed ? |
| may 12 |
SNC | 57.95 |
55.00 |
60 |
up
3.76% today, increase
stop |
| may 08 |
SNC | 55.01 |
53.70 |
60 |
increase
stop |
| may 06 |
SNC | 54.66 |
52 |
60 |
increase
stop |
| may 02 |
SNC | 54.06 |
51 |
60 |
breakout
on above average volume. Near term target of $60. |
| apr 27 |
SNC | 52.18 |
SNC
Lavalin, breakout above $53 |
||
| apr
24 |
IMO |
59 |
4.9% return, stop-out |
||
| apr
23 |
IMO | 59.99 | 59 |
Increase stop | |
| apr
23 |
IMO | 59.99 | 59 |
Increase stop | |
| apr
18 |
IMO | 59.09 | 57.90 |
Up 5.1% from April 14, Increase stop | |
| apr
14 |
IMO | 56.22 | Imperial Oil, Above $58 would be a breakout - add to the watchlist. | ||
| apr
24 |
POT |
200 |
9.9% return, stop-out | ||
| apr
23 |
POT | 206.50 |
200 |
Increase stop-loss | |
| apr
18 |
POT | 205.70 |
190 |
up 13 % from Apr 10. Increase stop-loss | |
| apr
10 |
POT | 181.90 |
Potash uptrend continues. April 10th
Traders notes |
||
| apr 24 |
CNQ |
85 |
3.2%
return, stop-out |
||
| apr 23 |
CNQ | 87.21 |
85 |
Increase
stop-loss |
|
| apr 18 |
CNQ | 85.17 |
82 |
Stop-loss
set. A big move - we need to consolidate at this point. Volumes need to build for further gains.A 12 day move up. |
|
| apr 14 |
CNQ | 82.32 |
Canadian Natural Resources -
a 3 year breakout.
The technicals would indicate CNQ to go higher. Added to the watchlist.
|
||
| apr
24 |
AGU |
86 |
17.5%
return, stop-out |
||
| apr
23 |
AGU |
88.25 |
86 |
Increase
stop, Lock in some profits |
|
| apr
18 |
AGU |
88.31 |
82.50 |
Up 20.6% from April 11, Increase
stop, Lock in some profits |
|
| apr
14 |
AGU |
78.09 |
72.50 |
Up
6.69% today on above average volumes |
|
| apr
11 |
AGU |
73.19 |
Breakout
above $75.50, Watch-list |
||
| apr 23 |
PD |
25.58 |
25.00 |
26-30 |
Stop-loss 25, Up Trendline near broken. |
| apr 18 |
PD |
26.74 |
25.00 |
26-30 |
Up 13.7% from March 28, Increase
stop, Lock in some profits |
| apr 14 |
PD |
25.44 |
24.00 |
26-30 |
Up
8.2%
from March 28 post. Increase
stop |
| apr 10 |
PD |
24.50 |
23.75 |
26-30 |
Increase
stop |
| apr 8 |
PD |
24.45 |
23.50 |
26-30 |
Increase
stop |
| apr 4 |
PD |
24.21 |
23 |
26-30 |
Up
4.7% friday, The 200 day moving average has not turned up, risk is
high, play this as a short term move. |
| mar 28 |
PD |
23.50 |
26-30 |
Precision
Drilling Added to the watchlist. PD added 14% for the week, a long down trend could have ended. Stockphase 1 moving to stockphase 2. We could finally see additional drilling ramp up with a 1.5 year downtrend in activity. |
|
| apr
11 |
WTN |
4.50 |
Up
9.7%, Stop-out |
||
| apr
10 |
WTN |
4.65 |
4.50 |
Pause
in the uptrend |
|
| apr
7 |
WTN |
4.88 |
4.50 |
Up
10% today, Increase Stop-loss |
|
| apr
4 |
WTN |
4.42 |
4.10 |
Up
7.8%, Volume 2X average, uptrend. Stop-loss set. |
|
| apr
3 |
WTN |
4.10 |
Western
Canadian Coal,
Breakout - If GCE is any indication, WTN could be moving higher. A pull back could also be in the cards to $3.50 - $3.70 for a better buy. Stop-losses are needed late in these fast moves. |
Copyright © 2007-2008, Top Stock
Traders.com
Terms of Service