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Canada

Despite issues with Canadian Real Estate USDCAD is still a shortThere is clear and present danger in the Canadian real estate market with Toronto house prices & sales down double digits on a year over year basis. The real estate market on the West Coast has been largely unaffected to date but I suspect its a matter of when as opposed to "if". The point is, when the market drops enough the CB in Canada will have to put the fire out at the mercy of the currency. For now, Canada exports are 54% petroleum or petroleum-related products and oil still has a little more upward price pressure before the cycle ends! For that reason I expect USDCAD to drop before a large rally possibly next year!
Short
by UnknownUnicorn266486
SHORT VRX.T - Over extended, multiple gap fills, and bad press.MOVING AVERAGES: 30SMA miles away on the daily and its been previous resistance (for example Feb 27 2018 and March 16 2018) after breaking through on April 12th VRX blasted to the upside.. I am expecting the daily the close in on the 30sma line i've highlighted. CANDLE STICK: Dumpling top on the daily broke bearish. Also broke the daily higher low today. RSI: over extended on the daily, and 4 hour at levels that are known to pull back. GAP FILL: Gapped up on May 8th 2018 $24.46 to $26.14 PRESS: Ex-Valeant, Philidor executives convicted of kickback scheme finance.yahoo.com I dont think the news really matters that much but just ads the over extended stock that has multiple reasons the come down. I think the price will hit the $24 area. I'm short since yesterday at $28.32 TSX:VRX
VShort
by DonCase
Corus_Entertainment_(TSX:CJR.B)_May_17_2018Corus is a Canadian Media company with interests in the radio, publishing, and television sectors. It was a part of Shaw Communication till 1999 when it was spinned off as a separate company. Since 2014, CJR.B has been in a state of decline owing to the rise of Netflix and other internet based media networks which has impacted advertising revenue. However, even though Television viewership is shrinking, it will not completely die out. There will always be customers for speciality television shows such as those that Corus Entertainment owns and operates. Radio was long presumed to be dead but has found a niche market; I believe television will find its own market. Currently, my analysis indicates that a symmetric triangle is developing. Volume is contracting as the price moves towards the peak of the triangle. Depending upon which way CJR.B breaks outs, we may want to buy or short the stock. However, at these prices CJR.B is yielding over 15% dividend. I think there is sufficient support for the stock around $6.00 as evident by the strong volume at that price level. Earnings are also above analyst estimates (the last earnings was). Based on the probabilities, I would take a gamble at the stock around $6 and hold it till the sector goes strong again. Even though the price may never reach the peak levels of 2014, a 15% dividend is not bad these days. Ofcourse the dividend can be reduced; which any sensible management would do. But in this case, the management seems extremely shareholder friendly with almost firm reassurance that the dividend will not be impacted.
TSX:CJR.B
by advisacorp
1
Hydro_One_(TSX:H)_May_09_2018Hydro One is an electricity transmission and distribution utility serving the Canadian province of Ontario. Currently, Hydro One is trading at historic lows since its IPO. The underlying trend is bearish, while the chart pattern is Broadening Bottom. At this point the price can go either way. Currently, the support is being tested at the trendline (Dividend is around 4.4%). If price drops further (below CAD $20, then the probability that the price may go down further increases. However, if price does not drop further within the next few days, this is an excellent entry point as the probability of a price rise after an broadening bottom with an underlying bearish trend is over 50%. The elections in Ontario (to be held in June) will be a critical factor in determining the mid to long term outlook for the stock. Currently, all parties (political) do not want the price of electricity to go up (the government is a large shareholder of the utility). However, after the elections these poll pledges might disappear as energy prices across all sectors tend to rise (especially during the summer months).
TSX:H
by advisacorp
1
Nice cup and handle pattern with breakoutBombard has long been a TSX laggard but, much like blackberry, its looking at big gains in 2018 following the release of C-series that was heavily delayed on many fronts (which was not good for them) In the last weeks it has broken through resistance that was holding it back for almost 3 years at the $2.80 region and has broken out from a cup and handle formation on exceptional volume. I'd defenetly be looking to enter long around $2.95-3.00 region as this stock has become a beauty to hold again for 2018 from a technical and fundamental standpoint.
TSX:BBD.BLong
by MysteriousPersian
1