By Don Fanstone, Member, Kitchener/Waterloo User Group

June 29 MTI Graph 2Option Blog June 28, 2015:

VectorVest advises buying undervalued Hi VST stocks in a rising market.

VectorVest will help you make money if you follow VectorVest timing advice.

USA: Col. Guard Bearish, MTI .96, Dn/Dn, C/Up,    VV: Do Not Purchase.

CAN: Col. Guard Bearish: MTI .79    Up/Dn, C/Dn VV: Do Not Purchase

The US market recorded a Confirmed Up on Thursday June 18 and has quickly turned down over the last week. Best to Stand Aside.

Sells for the Week of June 22th:

Nil

Buys for the Week of June 22th:

5 Canadian Tire CTC.A Nov. 125 @ $9.60

Stocks to Watch:

CTC.A Canadian Tire rising in a difficult market. Potential Buy Nov. 125

CNR: Potential Buy Dec. 64

ATD.B Alimentation Touche Card has risen to a new high. Potential BUY Nov. 44 Call

DOL. Dollarama. The VV earnings graph shows a corrected EPS. Potential BUY Jan. 66 Call.

RY: Royal Bank Support at $75.16. Potential Buy on Reversal at support and a market moving up. Jan. 66 Call.

Be Prudent: wait for the MTI to bottom and make a solid turn up. Patience will reward all of us.

Stan Heller, our Canadian VV Rep would appreciate your input by writing articles for the blog. If you’re ready to share your trading experiences, contact Stan at [email protected]

Understand Options Before you begin to trade, there is much to learn. 

Below is VectorVest’s Market Timing Graph for Canada. Price (indexed averaged price of all Canadian stocks and ETFs) has been hitting lower highs since mid-April, forming a wicked wedge pattern. At this point, price is at a Support level, however, the point of Resistance is narrowing. Price could break out of the wedge to the downside or upside.

June 29 MTI Graph 2

DISCLAIMER: Options trading involves risk and is not suitable for everyone. The information contained in this Blog is for education and information purposes only. Example trades should not be considered as recommendations. Options training is strongly recommended before placing any trades. VectorVest offers a basic options course online and occasional intermediate options workshops in Canada each year.