NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS – OCTOBER 25, 2019

MY JOURNAL FOR FRIDAY MORNING – OCTOBER 25, 2019

NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS

Checking In On Gold | Greg Schnell | Market Buzz 📺

Gold resists dropping. Is it setting up for the leg higher?

Also, if you would like to connect with my new newsletter service, go to GregSchnell.com and click on the “Private Investors” tab. If you select the annual membership and use the coupon FOUNDER, you’ll get the founding members price, which will never change. That price is $285, or a little over $5 a week. Get it now!

Good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst, StockCharts.com
Author, Stock Charts For Dummies

Existing home sales remain on the best pace in a decade, up 19.9%, year-to-date – EquityClock.com 📊

On the economic front, a report on existing home sales was released during Tuesday’s session.  The headline print of September’s report indicates that activity fell by 2.2% last month to a seasonally adjusted annual rate of 5.38 million. Analysts were expecting a rate of 5.44 million. Despite the downtick, the year-over-year change ticked higher from 2.8% to 3.9%. Stripping out the seasonal adjustments, existing home sales actually declined by 15.0% in September, which is marginally better than the 15.2% decline that is average for the final month of the third quarter. The year-to-date trend is now hovering 10.6% above average, which is the best pace in the past decade. Signup now to receive our insight directly to your inbox, including the investment implications, from a seasonal standpoint.

Tech Talk is a free stock market letter service available at TimingTheMarkets.com and EquityClock.com. Ask us about the Seasonal Advantage Portfolio.

5i Stock Screener: Profiting from Tax-loss selling – 5iResearch.ca 📝

As we approach the end of the year, many investors begin to take advantage of a common practice in investing; tax-loss selling. This is a chance for investors to benefit from stocks that have not performed so well throughout the year by claiming capital losses in their non-registered accounts and in turn reducing their capital gains tax. In addition to this, unused capital losses can be carried back up to three years or carried forward indefinitely.

Small-cap stocks in particular are usually the most affected by tax-loss selling due to a combination of two factors:

1)    They have a larger retail ownership base who… – READ MORE

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BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS 📈

Jamieson Wellness (TSX:JWEL)

Americas Silver (TSX:USA)

CAE (TSX:CAE)

Brookfield Infrastructure Partners (TSX:BIP.UN)

Alexco Resources (TSX:AXU)

Wheaton Precious Metals (TSX:WPM)

MOMENTUM ALERT SIGNALS 📡

Have a great day! 🙂

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