In the last commentary, we discussed technical tools to determine when downside momentum may have stopped and whether it would be safe to re-enter markets from the long side. To reiterate, technical tools give traders a framework for risk, but they are not fortune telling devices. Acting on logical evidence is a skill that has … Continue reading What Can Go Wrong
What we are seeing now is a retracement to less optimistic pricing but for the moment still above the long term uptrend.
Apple computer has been the iconic technology growth stock for the past generation. The company has been able to produce products and services that have been eagerly consumed by a worldwide audience. Very few companies have experienced the tremendous consistent growth in business and market cap as this company. Over the years, my skepticism of … Continue reading AAPL
In our discussion about warning bars, we did not have a look at the TSX composite index. Though the TSX composite has moved higher generally in sync with the popular U.S. market averages, its performance has been held back by the heavy exposure to resource issues such as metals and oils. The chart below by the … Continue reading TSX Composite
Tesla has been one of the most compelling stories in the stock market over the past two to three years. The stock price moves have matched that excitement. As the company tries to wrest the auto industry away from the gasoline and gear paradigm to the IPhone on wheels model, skepticism and optimism have taken their turns at dominating the price … Continue reading Tesla TSLA
Whole Foods is as much a fixture in today's urban settings as Starbucks. Their respective stock market performances couldn't be more different. From the chart below illustrating the 5 year returns on both issues, it's obvious that SBUX has been able to maintain a generally buoyant stock price while WFM has drifted substantially lower. (chart … Continue reading Whole Foods WFM
No discussion about markets can take place without consideration to the basic underlying measure of currency. In this case, we examine the US dollar's intrinsic counterpart, the Euro. We could have just as easily looked at the US dollar but we'd have to measure it against another currency or basket of currencies as is the case … Continue reading Euro…Hero Or Zero?