Category: Investing

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Canada TSX: Momentum trades

Bullish

  • New Zealand Energy [NZ] ~ respected support at $3.00; breakout above $3.80 would confirm another primary advance.
  • Rio Alto Mining [RIO] ~ narrow consolidation favors breakout above $4.70, signaling a new advance; support at $4.30.
  • Roxgold [ROG] ~ good support at $1.90, breakout above $2.15 would signal a new advance.

Watch for breakout

  • Tri-Oil Resources A [TOL] ~ narrow consolidation between $3.50 and $3.80 but strong bearish divergence on 21-day Twiggs Money Flow
  • Argonaut Gold [AR] ~ strong resistance at $10.00, support at $9.00
  • Atna Resources [ATN] ~ support at $1.25, resistance at $1.50.
  • Northern Graphite [NGC] ~ 21-day Twiggs Money Flow below zero is bearish but ascending triangle below $2.20, breakout would signal a fresh advance.
  • Pretium Resources [PVG] ~ breakout above $18.00 would signal continuation
  • TAG Oil [TAO] ~ testing resistance at $10.00
  • Americas Petrogas [BOE] ~ testing support at $4.00, respect would favor breakout above $4.50 and a fresh advance.

Americas Petrogas [BOE]

  • Coastal Energy [CEN] ~ recovered above $20.00, follow-through above $21.00 would confirm a fresh advance.

Americas Petrogas [BOE]

Negative Watch

  • Silvercrest Mines [SVL] ~ strong bearish divergence on 21-day Twiggs Money Flow followed by sharp drop to test support at $2.50.
  • Madalena Ventures [MVN] ~ long correction, headed for test of $1.00.
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US Momentum stocks to watch

I set up a stock screen for strong Momentum stocks on Incredible Charts Shared tab (#49419) to run every weekend. Here is a list of the most promising:

  • Arctic Cat [ACAT]

Arctic Cat [ACAT]

  • Cheniere Energy [LNG]
  • DXP Enterprises [DXPE]

DXP Enterprises [DXPE]

  • Healthstream [HSTM]

Healthstream [HSTM]

  • Lion’s Gate Entertainment [LGF]
  • Liz Claiborne [LIZ]
  • Pharmacyclics [PCYC]
  • Regeneron Pharm [REGN]
  • Select Comfort [SCSS]
  • Sourcefire [FIRE]
  • United Rentals [URI]
  • Vocaltec Comm [CALL]

Bear in mind that the market is starting a correction and suitable entry opportunities may only present themselves in 3 to 6 weeks, but I have added them to my watchlist and will re-visit weekly.

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Canada TSX: Momentum trades

Bullish:

New Zealand Energy: Reversal above support at $3.00.

New Zealand Energy

Rio Alto Mining: Respected support at $4.25.

Rio Alto Mining

Roxgold: Strong recovery above $1.90/$2.00 support band.

Roxgold

Watch for breakout:

Tri-Oil Resources A: Narrow consolidation suggests upward breakout.

Tri-Oil Resources A

Argonaut Gold: Bearish divergence on 21-day Twiggs Money Flow indicates selling pressure at $10.00, but narrow consolidation suggests upward breakout.

Argonaut Gold

Atna Resources: Narrow consolidation below $1.50 suggests upward breakout.

Atna Resources
Northern Graphite: Bearish divergence (21-day Twiggs Money Flow) indicates selling pressure at $2.00, but respect of $1.80/breakout above $2.20 would signal another advance.

Northern Graphite

Watch:

Pretium Resources: Short candles suggest more resistance at $18.00.

Pretium Resources

Negative watch:

Silvercrest Mines: Strong bearish divergence on 21-day Twiggs Money Flow suggests reversal.

Silvercrest Mines
Madalena Ventures: Breach of rising trendline and bearish divergence on 21-day Twiggs Money Flow suggest another test of $1.00.

Madalena Ventures

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Momentum trades: Northern Graphite Corporation [NGC]

NGC turned up in my Momentum Stock Scan, but bearish divergence on 21-day Twiggs Money Flow warns of short/medium-term selling pressure.

Index

But respect of the bottom trend channel (at $1.80) and recovery above $2.00 would mean all’s forgiven and we can expect another advance.

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Singapore SGX: Top Momentum stocks

Yoma (Z59) breakout above 0.50 would signal another advance. Both Twiggs Money Flow and Momentum are bullish.

Yoma Strategic Holdings

I also like the look of Sky Holdings, Interra Resources and Ezion Holdings:

Sky Holdings
Interra Resources
Ezion Holdings

Although Ezion faces some profit-taking at 1.00 that could slow a further advance.

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Canada TSX: Top Momentum stocks

Interesting new stocks on my Top Momentum stock screen (Incredible Charts #48894):

Northern Graphite (daily chart)

Northern Graphite

Atna Resources (weekly chart)

Atna Resources

Connacher Oil & Gas (weekly)

Connacher Oil & Gas

Imperial Metals (weekly)

Imperial Metals

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Emerging Trends in Real Estate 2012 – CRE Console Blog

For 2012, U.S. real estate players must resign themselves to a slowing, grind-it-out recovery following a period of mostly sporadic growth, confined largely to “wealth island” real estate markets—the primary 24-hour gateways located along global pathways.

via Emerging Trends in Real Estate 2012 – CRE Console Blog.

NCREIF Cap Rate to 10-Year Treasury Yields

Comment: ~ Commercial real estate yields are following Treasury yields lower. This may present short/medium-term capital gains but long-term pain when Treasury yields revert to their normal range.

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Moody’s/REAL CPPI up 2.4 percent in August – CRE Console Blog

Moody’s/REAL Commercial Property Price Index (CPPI) rose 2.4 percent during the month of August and is now 15.3% above its April 2011 lows.

From the Moody’s report:

The share of distressed transactions included within this month’s CPPI was 21.7%, down 5.9% from last month and the lowest level since January 2010. Prices for distressed transactions were down by 3.5% from the last month and are 6.9% above their post peak low set in August 2010. The reduced share of distressed transactions helped drive this month’s overall price increase.

via Moody’s/REAL CPPI up 2.4 percent in August – CRE Console Blog.

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