This is another week that major disruptor could be kept in check.
North Korea has calmed down, so did Mr. Trump. This will help stabilize gold unless something happen but nothing to be affraid of this week.
About the oil market , Houston flooding will naturally disrupt the oil market a bit and the US could be forced to import some more than usual. Again, this may not be enough to move the WTI pricing needle too much.
The FED does not seems to be interested in rising rates that much this year so this will help GOLD and lower the US dollar.
The construction market will continue its correction and i expect HOV to slide a bit more getting close to a great entry point at about 1,75$
RAD should continue to trade sideways as it seems no one care to advise about the coming deal that was supposed to close end of august and that has been refiled again (i am sarcastically surprised !) and until then i don't expect anything else than little pops up or down. BUT this company has been shorted so much that if a positive new was to happen, shorters will get left with their pants down and a lot of $$$ would be needed to cover themselves. Expect chaos if that was to happen and prices to rise swiftly and rapidly.
FANG stocks should continue to move sideways but for 1 exception and it is Alphabet as they are getting close to announce their new Pixel 2 phone. I expect a 10-15$ pop.
On the Canadian side, be careful about Air Canada (AC) as it moved to high and too fast. It is getting ready to correct itself by a 5-10%. Same logic apply to Westjet (WJA)
Canadian banks are still some of the safest on the planet with a great dividend %. I don't expect any great moves either ways as Canadian markets are stable and this should continue for some time. One of the bank to check on is Laurentian Bank (LB). This is probably the bank with the worst service and the worst employee attitude but they are making a good turnaround in their profitability. I hate that bank on a service base but at this price this is a tempting trade occasion.
Great Panther (GPR or GPL in the US) continues to slowly climb. I do not expect any major move but it is poised to climb back toward the 2$ mark in Canada and 1,60$ in the US. Good mining company (small one) but no long term debt and profitable.
Potash is simply defying logic at this time so the same apply to Potash Canada (POT) and all the Canadian projects that are trying to see the light (as Encanto Potash EPO). In the case of EPO it is simple: lots of talk but no action. It lead the share price spiral from 18 cents to 5 cents. Because there is a rule in Canada about financing where the share price cannot be under 5 cents to do a private placement (private financing by issuing additional shares) i expect a come back from this time and being on the Venture Market, prices are often manipulated right before financing is to be announced. This is a perfect example to buy low and sell high on the news.
So unless the world goes nut this week, it maybe more interesting to watch the paint dry than the performance of some stocks. Continue to watch my traders alert as we never know when the opportunity will knock on the door.
North Korea has calmed down, so did Mr. Trump. This will help stabilize gold unless something happen but nothing to be affraid of this week.
About the oil market , Houston flooding will naturally disrupt the oil market a bit and the US could be forced to import some more than usual. Again, this may not be enough to move the WTI pricing needle too much.
The FED does not seems to be interested in rising rates that much this year so this will help GOLD and lower the US dollar.
The construction market will continue its correction and i expect HOV to slide a bit more getting close to a great entry point at about 1,75$
RAD should continue to trade sideways as it seems no one care to advise about the coming deal that was supposed to close end of august and that has been refiled again (i am sarcastically surprised !) and until then i don't expect anything else than little pops up or down. BUT this company has been shorted so much that if a positive new was to happen, shorters will get left with their pants down and a lot of $$$ would be needed to cover themselves. Expect chaos if that was to happen and prices to rise swiftly and rapidly.
FANG stocks should continue to move sideways but for 1 exception and it is Alphabet as they are getting close to announce their new Pixel 2 phone. I expect a 10-15$ pop.
On the Canadian side, be careful about Air Canada (AC) as it moved to high and too fast. It is getting ready to correct itself by a 5-10%. Same logic apply to Westjet (WJA)
Canadian banks are still some of the safest on the planet with a great dividend %. I don't expect any great moves either ways as Canadian markets are stable and this should continue for some time. One of the bank to check on is Laurentian Bank (LB). This is probably the bank with the worst service and the worst employee attitude but they are making a good turnaround in their profitability. I hate that bank on a service base but at this price this is a tempting trade occasion.
Great Panther (GPR or GPL in the US) continues to slowly climb. I do not expect any major move but it is poised to climb back toward the 2$ mark in Canada and 1,60$ in the US. Good mining company (small one) but no long term debt and profitable.
Potash is simply defying logic at this time so the same apply to Potash Canada (POT) and all the Canadian projects that are trying to see the light (as Encanto Potash EPO). In the case of EPO it is simple: lots of talk but no action. It lead the share price spiral from 18 cents to 5 cents. Because there is a rule in Canada about financing where the share price cannot be under 5 cents to do a private placement (private financing by issuing additional shares) i expect a come back from this time and being on the Venture Market, prices are often manipulated right before financing is to be announced. This is a perfect example to buy low and sell high on the news.
So unless the world goes nut this week, it maybe more interesting to watch the paint dry than the performance of some stocks. Continue to watch my traders alert as we never know when the opportunity will knock on the door.
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