Stock Trading

Gallery View - $SPTEN

2005-09-19T14:01:00.000-07:00

TSX Energy sector breakout today

2005-09-15T11:07:00.000-07:00

The oil stock market in Canada is at consolidation, meaning there is a chance of making money on the horizon!

Update: Sept 11

2005-09-11T23:40:00.000-07:00

My IUC stopped out a while back.

Looking at the TSX sector charts, the materials/mining chart looks like it is breaking out/or is about to. Either that or a double top is forming.

Update: August 31

2005-08-31T17:27:00.000-07:00

Just wanted to put in a word about the oil markets here... Recent events involving hurricane Katrina has increased the oil prices dramatically and moved up some of the oil stock prices. Eventually though, the market will calm down and a correction will happen and so it's not really a worthwhile play in my opinion.

Still holding on to IUC...

Update: August 28

2005-08-28T10:18:00.000-07:00

I went on a two week vacation and most of my stocks stopped out:

CNQ: sell at 56.50 (+219.30)
DDV: sell at 36.40 (+79.10)
WTO: sell at 28.03 (+211.30)

Still holding IUC ...

Update: July 21

2005-07-21T09:33:00.000-07:00

Thank god for IUC, it's been absorbing some of the losses of my oil stocks as they trade sideways. I'm not too sure if the oil bull is going to continue. As such I have moved my stops closer.

The oil market has not really reacted very much to the terror attacks in London today. The last major London attack was followed by a breif dip in the market. This is perhaps a good sign.

Notes:
Breakout on manulife financial, bank of NS
Health care sector is going crazy today
Financials is really strong (maybe rotate into financials to diverisify)

Update: July 14

2005-07-05T10:25:00.000-07:00

Purchased DDV on breakout. Target is 100% of initial run
Purchased CNQ on breakout. Target is 100% of initial run
Purchased IUC on breakout. Target is 100% of initial run

Note to myself: buy closer to breakout.

DDV
Shares: 50 @ 34.21 ACB

CNQ
Shares: 30 @ 48.36 ACB

IUC
Shares: 600 @ 5.84 ACB

Current holdings (purchase/end-of-day stop):
WTO.TO - 40 @ 21.45 / 25.00

CandleGlance Madness!

2005-06-30T22:57:00.000-07:00

SPTSX 60 Titans:
Group 1(10)
Group 2(10)
Group 3(10)
Group 4(10)
Group 5(5)

SPTSX Infotech:
Group 1(10)
Group 2(10)

SPTSX Health:
Group 1(10)
Group 2(10)

SPTSX Financials:
Group 1(10)
Group 2(10)
Group 3(10)

SPTSX Consumer Discr.:
Group 1(10)
Group 2(10)
Group 3(10)

SPTSX Capped Energy:
S&P Capped Energy I
S&P Capped Energy II

SPTSX Capped Gold:
Group 1(10)
Group 2(10)
Group 3(10)

SPTSX Capped Metals Mining:
Group 1
Group 2

SPTSX Capped Materials:
Group 1
Group 2

2005-06-30T13:44:00.000-07:00

If we subscribe to the the assumption that the last leg is going to equal the next leg after the current consolidation, which oil stocks have had the biggest increase prior to consolidation?

Note that these figures are very approximate.


	High	Low	Leg	Increase Rank	Price Rank
OIL	60	47	21.67%
XOI	900	775	13.89%
SPTEN	270	220	18.52%
IMO	105	85	19.05%	18	1
SU	60	45	25.00%	7	3
ECA	50	42.5	15.00%	24	4
PCA	82	70	14.63%	25	2
HSE	50	37.5	25.00%	7	4
TLM	47.5	38	20.00%	16	6
CNQ	45	32	28.89%	3	8
SHC	34	27	20.59%	15	10
NXY	40	30	25.00%	7	9
PKZ	47	30	36.17%	2	7
ESI	31	28	9.68%	28	14
OPC	25.7	22.5	12.45%	27	16
DDV	32.5	25	23.08%	12	12
CMT	11.5	10	13.04%	26	24
WTO	23.5	17.5	25.53%	6	17
CUX	15	11	26.67%	4	21
CFW	33	27.5	16.67%	21	11
BVI	10	7.5	25.00%	7	25
UTS	2.75	1.75	36.36%	1	28
TCW	32.5	25	23.08%	12	12
NVA	14.5	12	17.24%	20	22
SVY	20	16	20.00%	16	19
EFX	26	22	15.38%	22	15
RER	17	13	23.53%	11	20
IE	3.25	2.5	23.08%	12	27
TEO	13.5	11	18.52%	19	23
THY	9.5	7	26.32%	5	26
PSI	23	19.5	15.22%	23	18
FCP	-	-	-
NKO	-	-	-
PD	-	-	-
CCO	-	-	-

CandleGlance!

2005-06-28T10:41:00.000-07:00

The following are the candleglances for the components of the S&P Capped Energy Index listed in order of market cap.

S&P Capped Energy I
S&P Capped Energy II

View insider trading

2005-06-27T11:17:00.000-07:00

http://www.canadianinsider.com/

June 22 - Update

2005-06-22T22:40:00.000-07:00

WTO is retracing... it's not bearish yet but i may consider giving up if it moves much past my break even at 22.70

June 22 - Update

2005-06-22T22:37:00.000-07:00

Did something stupid today and bought more AUR at 7.00. By the looks of it, there is support at 7.00 but it's not a good case for buying it. I am hoping for at least a trading range. ||

CandleGlance!

2005-06-22T22:05:00.000-07:00

Canada Diverisifed
Commodities

2005-06-21T16:01:00.000-07:00

Damn... I want to buy this pattern but ...

Looking at a larger timeframe, there is overhanging resistance and divergence. Even if a breakout did occur, the target would probably be very small

Darius learns a new trick

2005-06-21T14:04:00.000-07:00

Notice that the pattern has waves of approximately the same time interval. This pattern is basically an ABC retracement with another impulse wave begining. The higher low hints that a new trend is starting.

Who are the market leaders?

2005-06-20T09:37:00.000-07:00

The following shows the 8 gold shares from the tsx capped gold index that have outperformed the XAU for the last 1 year:

The following shows the oil shares from the tsx capped energy index that have outperformed the OIX for the last 1 year:

June 17 - Update

2005-06-17T19:22:00.000-07:00

AUR: Unable to break through resistance and on high volume

WTO: Slowly climbing towards target. The shooting star is worrysome

BGO: Example of a failed triangle evolving into another one

GOLD: Almost broke out

COPPER: 9 year high but is that a bearish wedge?

June 17 - Random Thoughts

2005-06-17T00:00:00.000-07:00

Scanning through the S&P/TSX Capped Gold, I found this assending triangle with Bema. While it could collapse into an ABC correction, the chances are unlikely due to the fact that the overall sector is bullish.

Every year we have a chance to ride the gold wave .. I believe the time has come again this year.

June 14 - Random Thoughts

2005-06-14T12:57:00.000-07:00

Flag or Correction?

June 14 - Some examples

2005-06-14T10:38:00.000-07:00

Buying volume spikes are preceeded with sharp selloffs in many places

Bear flag example

Stockcharts 60 minute quote / 4 months

2005-06-14T10:12:00.000-07:00

Stockcharts is the best charting website on the web:
AUR
WTO

2005-06-13T16:57:00.000-07:00

Uneventfull Day: Low volume and small price movement for AUR resources. Notice the volume spike in late May, suggesting support.Also notice that the consolidation broke out only to fall back to support. Divergence in the ROC indicator preceeded the final rally.

WTO: Volume spikes mark support and resistance points in trading range. Price action was unable to move out today. Moral: factor support and resistace marked by volume into trading.

Gold on the rebound?

2005-06-12T10:40:00.000-07:00

Looking at the weekly charts, gold seems to be on the rise again:

Weekly gold - showing bullish consolidation - June 12 2005

Weekly XAU - Trading in range - June 12 2005

Weekly US Dollar Index - June 12 2005

Purchased WTO.TO

2005-06-10T15:17:00.000-07:00

Purchased WTO today on open on finding that it broke out of bull flag yesterday. Target is 100% of initial run

Shares: 40
Target: 28.36 @ 226.4 round trip gain
Stop: 17.30 @ 216 round trip loss (1.968% of core)
RR: 1.05 times

Current holdings (purchase/intraday stop/end-of-day stop):
AUR.TO - 400 @ 7.07 / 6.80 / 7.00
WTO.TO - 40 @ 21.45 / 17.30 / 19.40

New reduced core: 10810.00

First Post

2005-06-10T12:40:00.000-07:00

This is my first post