Timing the Bottom on BCE
June 12, 2018
Bullish Outlook

Timing the Bottom on BCE

There is no shortage of analysts offering alternating fundamental outlooks for BCE (TSX:BCE).  Some concerned with the business model and declining growth rates, others proclaiming the BCE dividend stream to be more sound than owning bonds.  Personally, as a trader I look for the tactical play where I can profit from key...

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1 week ago
Is Gold Breaking Out of its 4-Year Consolidation?
April 24, 2018
Volatility

Is Gold Breaking Out of its 4-Year Consolidation?

Over the last few years I have not been shy about my conviction that the gold bear market has ended.  There is no denying that the December 2015 lows for gold bullion at $1050.00 are now history, but the enthusiasm for the shiny metal has been left for the diehards as most of the speculative money has turned its attention to...

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2 months ago
Real Estate, Canadian Banks and Downside Risks
March 28, 2018
Risk Management

Real Estate, Canadian Banks and Downside Risks

I want to take a dive into the most passionately debated issue of a correction in Canadian real estate and the impact on Canadian banks.  The general consensus is that over the long-term home prices will continue to rise and the risks directly to the banks are limited as mortgage default risk predominantly sit with the...

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3 months ago
Perspective on Trading Options on Natural Resource Companies
February 27, 2018
Volatility

Perspective on Trading Options on Natural Resource Companies

After our interview with Rick Rule on MacroVoices, I was inspired to share my thoughts on options trading on natural resource companies. At the start of the interview Rick pointed out the unusually cyclical nature of resource investing.  Rick went on to elaborate: “…during periods of time when mature natural resource...

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4 months ago
Risks Stemming from Current Low Volatility Conditions
February 01, 2018
Volatility

Risks Stemming from Current Low Volatility Conditions

Over the last year we have seen an incredible period of low volatility that is arguably building systematic liquidity risks when we enter a period of normalization.  These risks were highlighted in the Bank of Canada’s November 2017 Financial System Review.  In that review, the BoC discussed the assessment of...

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5 months ago
Have the Tides Turned for the Troubled Goldcorp?
January 23, 2018
Bullish Outlook

Have the Tides Turned for the Troubled Goldcorp?

The last few years have been a struggle for Goldcorp investors.  The company has been overshadowed by declines in earnings, falling gold production and increased costs.  Many investors have abandoned the stock for other gold miners with more momentum.  Yet there are a number of green shoots that suggest the management is...

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5 months ago
5 Potential Canadian Market Surprises for 2018
January 04, 2018
Concepts

5 Potential Canadian Market Surprises for 2018

What better way to wrap up the 2017 year than with a market forecast.  As a trader, I always look at a forecast as establishing a baseline from which to build investment themes for the upcoming year.  The obstacle however, lies in that there is substantial herding in economic forecasting and rarely does an analyst stick their...

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6 months ago
Bulling the Market with a Ratio Call Spread
November 29, 2017
Bullish Outlook

Bulling the Market with a Ratio Call Spread

Investors have had a good run over the last two months as we have seen the Canadian TSX 60 index roar higher 9% from a September low of 877.00 to its highs near 955.00.  The question on everyone’s mind – is it over or is there more room to go?  Is it too late to buy or should an investor wait on the sidelines for a...

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7 months ago
Dollarama: Context on Trading the Stock vs. Options
October 06, 2017
Bullish Outlook

Dollarama: Context on Trading the Stock vs. Options

Dollarama has been a bright spot in the Canadian markets throughout the last year.  During the first half of the year, the share price has been working considerably higher off its $93.27 52-week low.  Recently investors were rewarded when the company released its 2nd quarter results and subsequently announced plans to buy...

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9 months ago
Unintended Consequences of Systematic Covered Call Writing
September 07, 2017
Concepts

Unintended Consequences of Systematic Covered Call Writing

Enhancing income and returns through covered call writing has become one of the most common strategies being adopted by investors.  Arguably selling calls against shares and ETFs is considered a conservative strategy that almost any Canadian retail investor can access, in and out of their registered accounts. While many...

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10 months ago