Written by: Mike Simonato, Ontario Presenter: “My Three Friends”, Dec. 3, 2016, VectorVest International Online User Group (Click here to View: My Three Friends)
Summer is all but over and now we head into what could be one of the most interesting fall periods/ quarters ever. Following a rules-based trading strategy such as Bob Turnbull’s Bull Strategy (International Online User Group Forum, January 2020 – CLICK HERE TO VIEW RECORDING) is the key to consistent success in the market. I’m watching Gold/ Silver to trade this fall.
USA:
DOW JONES: Nice Price movement however a Doji Friday. RT slight curl up this week.
NASDAQ: Now you know why Bob Turnbull is having such an Amazing year.
S&P 500: Same as Nasdaq; looking Good
MKT TIMING: Broke above resistance today. RT and BSR flat but MTI curled up this week.
READ Views and Strategy
CANADA
PTSE: Stalling at Key resistance RT still fairly flat. 3-MA still above 8 and both above the 20.
VENTURE: Could be ready for another move up next week.
MKT TIMING: Still not seeing the strength I’d like to see. Nice candle WED but no follow through. BSR and RT curled up this week but BSR is back to Aug 24 level. RT not yet at Aug 19 level.
Model Portfolios that have performed best all curled down this week.
READ: Views, Strategy and Climate (Earnings indicator continues to fall and Adv/ Decline fell as well)
As I have mentioned previously Gold/ Silver could have an outstanding end to the year. Following is process I use to choose trading candidates:
- I look at the INDUSTRY GRAPH
- I look at long (Now 1 month (Could do 3 month) and 1 week for both USA and CDN Stocks and ETFs. I want candidates to outperform by 3x
- When I find potential Candidates I look at the graphs
RESULTS:
CANADA Best Stock PVG BEST ETF HZU, HUZ and SVR
USA Best Stock KNTNF Best ETF SILJ
As always nothing more than my 2 cents and I hope it’s of value and interest.
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