no-cover
June 05, 2015
Other

Hedging Canadian Market Risks

In full disclosure, it is my intention to be contentious in my views as I am disappointed by the lack of diverging opinions. The Canadian economy is in trouble and it is likely to get far worse than better and it is unlikely that the passage of time will fix the problem. Here are some simple truths you must consider when...

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4 years ago
no-cover
April 29, 2015
Other

Hedging the Canadian Economic Recovery

On February 24, 2015, Stephan Poloz, Governor of the Bank of Canada made the following statement: “The negative effects of lower oil prices hit the economy right away, and the various positives—more exports because of a stronger U.S. economy and a lower dollar, and more consumption spending as households spend less on...

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4 years ago
no-cover
March 30, 2015
Other

Have the Rail Stocks Been Derailed?

The past 4 years have been great for railway stocks. The boom in energy and exportation of resources since 2011 has seen revenues and profits soaring. Investors that participated in this story have been handsomely rewarded with stocks like Canadian Pacific Railway having risen 400% off of its 2011 lows. While I do not want to...

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4 years ago
no-cover
March 02, 2015
Other

Hedging the Currency Impact on Canadian Stocks

Canadian investors started the year with a pleasant surprise as the Canadian market and many Canadian stocks performed relatively well. We suggest a little digression to understand the precipitating factors that have driven this rise. Over the last 6 months, we have seen a dynamic shift in Canadian economics. Canada has been...

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4 years ago
no-cover
January 16, 2015
Other

Is the Divergence in Gold an Opportunity?

Gold has drawn my attention this month, not just because of the rise, but the conditions from which the rise is occurring. I pride myself on being a student of intermarket relationships within the markets. One of the key pillars of intermarket analysis is the understanding of the inverse correlation of the U.S. Dollar to...

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4 years ago
no-cover
December 03, 2014
Other

Using Stock Cycles For Covered Call Writing

As a Chartered Market Technician I spend considerable time exploring the quantitative side of stock and broader market cycles to find periods of statistical advantage. For investors it is often simply trying to maximize the returns from a longer term holding. I have found that there is considerable value in enhancing investment...

700
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4 years ago
no-cover
October 29, 2014
Other

Irrefutable Testament To The Value of Put Protection

First off I wanted to say thank you to all the Toronto Options Education Day attendees for a warm welcome, it was a pleasure to meet all of you. Recently the stock markets have increasingly become volatile as almost all Canadian sectors have gone through a healthy profit taking cycle. This gives us the opportunity to reference...

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4 years ago
no-cover
September 24, 2014
Other

Trading Volatility

It is common for traders that are new to options to make many of their trading decisions based solely on the prediction of the price move. While the price move is an important component of the overall success, the ultimate profitability is dramatically impacted by volatility pricing. Implied volatility is materially different...

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4 years ago
no-cover
September 23, 2014
Other

Patrick Ceresna’s OED Presentation

The Unintended Consequences of...

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4 years ago
no-cover
August 29, 2014
Other

Is there any Fuel left in the Energy Sector Bull Advance?

Canadian energy stocks have been bulling higher for most of the year. The iShares S&P/TSX Capped Energy ETF is up 18.68% year-to-date (as of Aug 28). This renewed strength in the energy stocks has been a major contributor to the robust bull market advance in the broader Canadian indices. Can the energy stocks keep rising?...

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4 years ago