Canadian markets are close Monday on here is what i will be looking for this week.
1) Will be interesting to see the answer from North Korea in regard of the new sanctions imposed on them. We have to take note that these sanctions may have been drafted and agreed but every country has now the obligation to adhere to those and it is not yet certain. This by itself could make gold attractive as a safe haven in case our friend over there decide to do another missile test in retaliation to these sanctions. Keep an eye on gold.
2) RAD: this one does not obey by any market rules.....range bound and far away from my 2,75$ price point called recently. Still believe that this is a way oversold stock but the absence of nice volume almost indicates that i am the only one thinking this way. I don't care being the only one as long as it reaches my target......
3) Oil rally.......see item 1 and add this to it: What is going on in Venezuela? Surprisingly, it does not seem that it disturbed the market too much but it could. Instability is not a good friend here in regard of prices.
4) HOV is getting close to oversold. Not there yet but it's coming. Very disturbing that the shorts have cover their back recently. More than half of the shorties are gone and this could indicate that HOV could be on the verge of a great upside swing. Keep an eye but stay prudent on this one.
5) EPO (Encanto Canada TSX) is a strange beast to get into. Nobody knows for sure it is not another fail startup in Canada or a hoax BUT if the story is true, it could be a very very interesting stock to watch in the coming weeks and months. I do think it is a valid corporation and that whatever was 'signed' (in theory...) was real. If that mine's really worth 2B$ and if they could find funds needed to proceed, it would be a major disruptor in the potash market and a great company to have invested in. At this time, it is a nice place to invest some left over coins......but we must stay careful.
6) TSLA: Oh my god was i wrong on this one.......But we have to stay very careful here because if there was to be any glitch anywhere in their deliveries, it would be punished very badly. So still side lined at this time.
7) GOOGL: Alphabet was in my opinion severely battered recently when they released their quarterly results and i think it was a bit too much. I do expect kind of range bound between 925$ and 975$ but it is highly sensitive to any new bad or good. At a 1000$ price, i prefer some other stocks at this time.
8) AMZN: This is the biggest disruptor possible in the market. They can and they will continue to change the face of retail side for many years to come. I would stay out of any retail stock with probably Best buy being the only exception.(BBY)
9) Silver is moving in the right direction but very slowly. Still the same for GPL (Great Panther GPR in Canada) as they are awaiting some permits. If they get them rapidly, stock will perform accordingly (upward to 2$ for GPL) otherwise it could go back to 1$ rapidly
That is it for this week and let see how it will unfold.
As usual, be careful and invest only what you can afford to lose.
1) Will be interesting to see the answer from North Korea in regard of the new sanctions imposed on them. We have to take note that these sanctions may have been drafted and agreed but every country has now the obligation to adhere to those and it is not yet certain. This by itself could make gold attractive as a safe haven in case our friend over there decide to do another missile test in retaliation to these sanctions. Keep an eye on gold.
2) RAD: this one does not obey by any market rules.....range bound and far away from my 2,75$ price point called recently. Still believe that this is a way oversold stock but the absence of nice volume almost indicates that i am the only one thinking this way. I don't care being the only one as long as it reaches my target......
3) Oil rally.......see item 1 and add this to it: What is going on in Venezuela? Surprisingly, it does not seem that it disturbed the market too much but it could. Instability is not a good friend here in regard of prices.
4) HOV is getting close to oversold. Not there yet but it's coming. Very disturbing that the shorts have cover their back recently. More than half of the shorties are gone and this could indicate that HOV could be on the verge of a great upside swing. Keep an eye but stay prudent on this one.
5) EPO (Encanto Canada TSX) is a strange beast to get into. Nobody knows for sure it is not another fail startup in Canada or a hoax BUT if the story is true, it could be a very very interesting stock to watch in the coming weeks and months. I do think it is a valid corporation and that whatever was 'signed' (in theory...) was real. If that mine's really worth 2B$ and if they could find funds needed to proceed, it would be a major disruptor in the potash market and a great company to have invested in. At this time, it is a nice place to invest some left over coins......but we must stay careful.
6) TSLA: Oh my god was i wrong on this one.......But we have to stay very careful here because if there was to be any glitch anywhere in their deliveries, it would be punished very badly. So still side lined at this time.
7) GOOGL: Alphabet was in my opinion severely battered recently when they released their quarterly results and i think it was a bit too much. I do expect kind of range bound between 925$ and 975$ but it is highly sensitive to any new bad or good. At a 1000$ price, i prefer some other stocks at this time.
8) AMZN: This is the biggest disruptor possible in the market. They can and they will continue to change the face of retail side for many years to come. I would stay out of any retail stock with probably Best buy being the only exception.(BBY)
9) Silver is moving in the right direction but very slowly. Still the same for GPL (Great Panther GPR in Canada) as they are awaiting some permits. If they get them rapidly, stock will perform accordingly (upward to 2$ for GPL) otherwise it could go back to 1$ rapidly
That is it for this week and let see how it will unfold.
As usual, be careful and invest only what you can afford to lose.
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