WEEKEND REPORT – JULY 27, 2020

MY JOURNAL FOR MONDAY MORNING – JULY 27, 2020

NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS

The Private Investor Newsletter – GregSchnell.com 📰

Hello everyone, I have moved my daily blog over to GregSchnell.com. Please check us out where you will receive access upon subscription to one strong, concise email per week. The email will contain:

  1. 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. Theses 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: A large part of my work makes sure that you’ll be in tune with the major moves in the indexes.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.

    • 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 ETF’s that are doing well to help you diversify your portfolio across global markets.

  3. A vital chartlist that you can quickly look through with my top 30 charts at any given time. These charts will change as the market changes and will allow you to see the current status of charts I posted in the newsletter.

  4. Once a month conference call – This will be recorded and saved if you can not attend live but are still interested.

  5. Dwight Galusha also posts daily setups that are appearing on his radar. Here is an example of his chart showing the setup, and the resulting follow through:

Follow-up Chart

Education – Lesson 8 – Moving Average Crossovers – Buy & Sell Signals

We take a look how moving average crossovers can help buy & sell signals of the chart trends. Watch the video from start to finish to take a look at a variety of moving periods, and how it changes.

Award Winning Technical Analysis | Greg Schnell.com | Avoid the downside and learn to keep more of your profits. – LEARN MORE

The Importance of Having a Plan 🤓

No matter how much experience you have as an investor, a trend following system is a straight forward approach to systematic trading that can be easily deployed and managed by anyone. This is a great way to profit from large moves without having to manage positions on an intraday basis. If you have spent time learning lessons the hard way, like myself, then you will relate to what I am about to say.

The two problems I struggled with the most were taking a position too large for my account and selling too soon. In my experience these problems often go hand in hand, I was always putting myself in the perfect position for emotional ruin. Every time I would get onto a winning trade I became greedy or scared and locked in profits prematurely, cutting my potential returns short. – READ MORE

Dwight Galusha, CMT, is a contributor of 5i Research is a conflict-free investment research provider for retail investors offering research reports, model portfolios and investor Q&A, which is available to try for free (Click Here).

Wheaton Precious Metals (TSX:WPM) – Signal on  April 9th, 2020 @ $44.71 (+62% in just over 3 months) – ALERT LINK

The following are documented trade ideas featured each week in Capital Ideas Digest

Five Questions About Money: Michael Emory, Allied REIT CEO – Uncommon Sense Investor 📺

View from the Chat Room 💻

Join the Chat by Clicking Here

BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS 📈

Premium Brands Holdings (TSX:PBH) – Weekly Chart

Premium Brands continues to push higher from a small continuation triangle that is located within the larger multi-month pattern. This is bullish price action and suggests further upside price momentum to follow.

 

Empire (TSX:EMP.A) – Weekly Chart

Empire has finally broken out from the continuation pattern we’ve been highlighting over the past few weeks. This technical signal (breakout) suggests a continuation of the prevailing uptrend is now underway.

 

FirstService (TSX:FSV) – Daily Chart

FirstService has just broken out to a 52-week high (and new all-time high) on massive volume. This price action is very bullish and suggest a continuation of the prevailing uptrend has commenced.

 

Gibson Energy (TSX:GEI) – Daily Chart

Gibson Energy is setup near the apex of an ascending triangle continuation pattern while the PPO momentum indicator attempts to move higher off the zero line. Watch for a breakout.

 

TC Energy (TSX:TRP) – Daily Chart

After gapping higher, TC Energy has built a tight bullish pennant formation over the last 8 days. Price action is now setup near the apex of the technical pattern. Watch for an upside breakout.

 

GFL Enviromental (TSX:GFL) – Daily Chart

GFL Environmental is threatening to breakout from a continuation pattern to a new all-time high while the PPO momentum indicator accelerates higher.

 

Kirkland Lake Gold (TSX:KL) – Weekly Chart

Kirkland Lake Gold is pushing up against the underside of a major horizontal trendline as price action threatens to breakout to a new all-time high from a multi-month basing pattern. This technical setup is very bullish and suggests a continuation of the prevailing uptrend is near. Watch for the breakout.

 

Roxgold (TSX:ROXG) – Monthly Chart

Roxgold has started to breakout from a giant multi-year continuation pattern. Bullish bullish chart!!!

 

Village Farms (TSX:VFF) – Weekly Chart

Village Farms is presenting an interesting technical setup. Price action has broken out from a multi-week falling wedge pattern and is now pushing up against the underside of a major horizontal resistance line while the RSI momentum indicator attempts to accelerate higher. Watch for a breakout.

MOMENTUM ALERT SIGNALS 📡

Have a great day! 🙂

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