US housing starts rose more than expected in October, surging 25.5% from the revised September figure to a seasonally-adjusted rate of 1.32m. This marked a nine-year high and couldn’t have come at a better time “seasonally” for our forestry stocks. Forestry stocks tend to do well between the months of November to February as they run up into the spring home building season. Below is a chart highlighting the seasonal trend for the forest products industry via EquityClock.com: Both of these statistics bode well for one of my favorite companies, Norbord Inc. (TSX:OSB). There are only 3 or 4 major players in the oriented strandRead More →

At a time when the S&P 500 (NYSEARCA:SPY) made history by trading down nine days in a row, it has been tough for investors to find winning trades. With the bottom falling out of the market, the price of oil plummeting, and the US Presidential Election just around the corner, this should be a time where investors remain cautious while apply a conservative investment approach. With that being said, there have still been many opportunities. As I browsed through my technical scans, one such opportunity that appears on my radar was North American Energy Partners (NYSE:NOA) (TSX:NOA). As seen in the chart below, North American Energy PartnersRead More →

Despite a bear market in resources, and a record 9 day decline in the S&P 500 (NYSEARCA:SPY), Altius Minerals (OTCMKTS:ATUSF) (TSX:ALS) continues to be one of the few bright spots. Although the fact copper prices have rallied for the 10th consecutive days, the longest winning streak in 28 years, this doesn’t hurt the share price of Altius Minerals either. For those of you who don’t know, Altius Minerals is a diversified mining royalty company. Their agreements include a diversified basked of mining operations that produce copper, zinc, nickel, cobalt, gold, silver, potash, thermal and metallurgical coal. Collectively these royalties are anticipated to generate approximately $45Read More →

The bullish percent index (BPI) is an indicator used to measure market breadth. The indicator is calculated by taking the total number of stocks within an index that are on point and figure buy signals and dividing it by the total number of stocks in that index. The general rule for using the bullish percent index is when above 70%, the market is overbought, and inversely when the indicator is below 30%, the market is oversold. Since a stock is either on a P&F buy or sell signal, there is no double guessing when it comes to P&F charts. This gives the BPI indicator clear signals.Read More →

October Pot Stock Performance: Lots happened since the last time I wrote an article on here and I have been awfully busy / slacking in producing another one.  The month of October has almost finished and it has been quite the run up again for some of the pot stocks that I’m following.  As of the writing of this article 2 of the 3 short term plays from my last post had significant gains with Canopy Growth (CGC.to) and Organigram (OGI.v) posting 62% and 70% gains respectively with highs of $7.46 (86% rise from Sept 28) and $3.09 (83% rise from Sept 28).  Mettrum wasRead More →