Canadian TSX Stock Market Uptrend Has Begun

All major sectors in Canada's TSX appear to be in the early stage of an uptrend.  Financials, materials and energy sectors are all showing bullish price momentum.  This could result in the TSX leading the S&P 500 for the intermediate term.  The S&P 500 has likely entered in to a period of price consolidation after an almost 2 year uptrend.

Gold Stocks Rise From The Ashes

Charts courtesy stockcharts.com

Gold stocks appear to finally be moving off of a major bottom across the entire sector.  Price momentum divergence, money flow and volume are all looking very positive.  With the whole sector down > 50% from top to bottom, this could be a major rebound.

NASDAQ 100 Big Cap Tech To Outperform

Mega cap tech stocks have lagged the broad NASDAQ and the S&P 500 for many months.  Recent market action suggests that this could be changing.  Apple makes up 12% of the NASDAQ 100 Index alone.  A new uptrend for the world's largest technology company by market cap would pull the NASDAQ 100 Index into the lead. It's also worth noting that other tech giants like MSFT, CSCO, INTC, AMZN and GOOG also have bullish charts.  Follow the QQQ.

Has Apple Begun A New Leg Up?

Carl Ican's announcement today may have been the reason Apple was up almost 5% today, but it wasn't the only reason.  Apple has been undergoing accumulation for months as it built a base similar to 2008-09.  Today was merely the breakout.  If its chart follows a similar path set in 2009, Apple could pass $1000 quite easily.  With a P/E < 10, it is one of the most undervalued technology companies in the NASDAQ 100.

Microsoft Is The Most Underrated Tech Company

While analysts like to continually make reference to Apple's large $30B cash reserve, they seem to overlook the fact that Microsoft has more than double that.  With $76B in cash and growing, Microsoft has more in cash than the total market cap of most companies in the NASDAQ 100 Index.  It has also increased its revenue and profit year-over-year with little upside response in its stock price.  I think Microsoft will surprise the market with a significant upside breakout sooner than later.  Like many first dot.com generation tech companies, its stock price has gone nowhere for >10 years.  It's a bargain at this price.

Amgen Breaks Out Of Very Long Term Base Pattern

Amgen is an extremely interesting company in an extremely interesting position.  They are one of the largest manufacturers of biologic pharmaceuticals in the world.  The market for this type of pharmacotherapy is expanding exponentially.  From a technical perspective, Amgen has a very bullish price chart.  It has broken out of a multi year period of price consolidation that has lasted approximately 11 years.  This uptrend could last a decade or more...

Is Tesla Gaining Speed?

This is sadly one of my greatest misses.  I heavily researched Elon Musk, Tesla, Space X and Solar City about 1 year ago and, like everyone else, was amazed at what this guy was doing.  I guess I thought the story was "too good to be true".  What's really interesting is that Toyota now owns about 10% and Daimler AG owns 4.7% of the company.  It was the early financial state of Tesla and huge debt that scared me away initially.  Now that their revenue is accelerating and debt is being paid off, it looks even more interesting.  From a product perspective, Tesla is still a brand new company with only two models -- the Model S being the staple.  This story could only be beginning.  Lesson learned.  When a story seems too good to be true, it's probably true.