NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS – OCTOBER 28, 2019

MY JOURNAL FOR MONDAY MORNING – OCTOBER 28, 2019

NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS

Don’t Ignore This Chart! 📝

Schlumberger (SLB) Writes Off $12.7 Billion

Greg Schnell | 

Schlumberger (SLB) has been down and out for a long time. The management team wrote down $12.7B in goodwill and other charges this month. For technicians, the actual science of that write-off is not as important as what investors think of the write-off. If that moves investors out of the stock, that would be a problem. Interestingly enough, Schlumberger is up 8% on the week, so that makes me more interested. The yield is almost 6%, so that’s nice! – READ MORE (click here to see charts)


Founders Sale:

If you would like to subscribe to my new content platform on GregSchnell.com, I rolled out a Founders’ Rate that will lock in a 68% discount for an annual membership – for life. If you are interested in subscribing:

  • Go to the Private Clients tab on GregSchnell.com
  • Select the Annual membership in the red area
  • Click through to the payment page, add details
  • Enter the Coupon FOUNDER
  • Hit the arrow just to the right of the coupon box to make sure the coupon is applied.

You will receive one strong, concise email per week. THE LINKS TO THE WEEKLY VIDEO AND THE CHARTLIST ARE BOTH INCLUDED IN THE PDF.

The email will contain:

1) A PDF file that will have my top ten charts of the week. This is to summarize all of the work I go through every week and give you the best information on market direction.

This will also include my preferred opinion on the market: very aggressive, moderately aggressive, selective, defensive, very defensive. We want to be aggressive coming out of major lows. These runs can last a few weeks to months and perhaps more than a year. I will be investing in the same tone I am recommending.

2) The weekly video which summarizes the major moves in the USA, Canada, rest of world, commodities, bonds and currencies including:

Commodities: Copper, Steel, Rare Earth Metals, Lithium, Gold, Silver, Oil and Natural Gas, Marijuana.

Bonds: 3-month, 2-year, 5-year, 10-year, 30-year.

Equities: The protection of capital to miss the big downside moves, as well as the aggressive entries near the lows to maximize profits in the moves and keeping it as profit in your portfolio. A large part of my work is about making sure that you’ll be in tune with the major moves in the indexes.

Currencies: A comprehensive look at the major currency pairs every week. These pairs can drive some of the major changes in world economics. Being aware of these changes when they occur can help you position for new strategies and selections as the changes happen.

Global markets are important to support major uptrends in the North American markets. A summary of this information enables you to be aware of country ETFs that are doing well to help you diversify your portfolio across global markets.


Again, the purpose of the subscription service is to give you a concise one-hour video of information to keep you abreast of the long term trends and places to look for big setups. This is not a daily suggestion box or a chat facility. It is for serious investors, with small or large amounts of capital to deploy so that you know when the positive winds are at your back while looking for gains and protecting capital.

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

Stock Market Outlook for October 28, 2019 – EquityClock.com 📊

Today marks the average start to the strongest six months of the year for stocks and investors that have chosen to wait for the date itself, rather than heeding the positive technical signals triggered over the past few weeks (or even months) will have the dilemma of having to buy into the market at all-time highs. This is yet another year that the Sell in May and Go Away crowd will be disappointed that they were unable to buy in at lower levels following the sales of equity positions at the start of May. As our followers will know, we promote a three pronged approach incorporating seasonal, technical, and fundamental analysis, a strategy that has allowed us to mitigate the May and August slides, while taking advantage of the summer rally in June/July. We have taken advantage of the weakness in stocks in August and the start of October to add to seasonally favoured positions to become fully invested. Our Seasonal Advantage Portfolio that we manage in partnership with Castlemoore has continuously charted new highs throughout the year, even during the summer hiatus that saw range bound activity across a number of benchmarks throughout the third quarter.

Soon to be released….  We are busy putting the finishing touches on our monthly outlook for November, providing insight on how to position your portfolio for the month(s) ahead.   Signup now and we’ll send you this report directly to your inbox when it is complete.

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

Medexus Pharmaceuticals: Growing Fast, EBITDA Positive, $27 Million to Deploy – CapitalIdeas 📺

Investors have a compelling, low-risk, specialty pharmaceutical company under their noses they may not know about. Capital Ideas Media president and publisher Mark Bunting sits down with Ken d’Entremont, CEO of Medexus Pharmaceuticals (TSXV:MDP), to find out about the company’s model of licensing existing drugs, its fast-growing revenue and operating profit, and how close the firm is to making a transformational deal using its $27 million in cash.

PLEASE SIGN UP FOR OUR FREE DAILY EMAIL, “THE MORNING NEED TO KNOW” TO HELP GET YOU READY FOR YOUR INVESTMENT DAY CAPITALIDEASMEDIA.COM

BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS 📈

Sangoma Technologies (TSXV:STC)

Macro Enterprises (TSXV:MCR)

Brookfield Infrastructure Partners (TSX:BIP.UN)

Gibson Energy (TSX:GEI)

Avicanna (TSX:AVCN)

Interfor (TSX:IFP)

MOMENTUM ALERT SIGNALS 📡

Have a great day! 🙂

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