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Toronto Stock Broker David Chapman
Experience
April 29, 2010

THE CHAPMAN REPORT – Chappy’s Picks For April’s End

  • Goldman Sachs
  • Greece’s debt.
  • Gold trends upward.
  • Conservative portfolio gained.
  • Cold portfolio continues to outperform the TSX Gold Index.

Update. Last two energy stocks reviewed. New adds for conservative and gold portfolios plus some profit taking.

D.C.



April 26, 2010

THE CHAPMAN REPORT – S&P 500 Soars. Technical Commentary

This week

  • The S&P 500 soared to new highs as confidence remains high for the economy. The market, however, is in a key time and price zone for a potential top.
  • Bond yields as measured by the 30 year Treasuries were flat this past week, however, yields rose at the shorter end of the curve. Supply concerns and Greece’s downgrades are weighing on the market. The FOMC meets this week and rates are expected to remain unchanged. The BofC hinted that rates could rise as soon as June. Canadian bonds have been weak as the Canadian economy outperforms.
  • Gold was higher as were the precious metals stocks. This reversed the previous week’s decline and is a bullish sign considering the breakout seen a few weeks ago. Gold also rose despite a rise in the US$ another potentially bullish sign.
  • Oil prices were also up despite the rise in the US$. Iran continues to lurk in the background.

D.C.



April 22, 2010

ThE CHAPMAN REPORT – Chappy’s Picks

This Week

  • It was another slow week in the markets that saw a swift downturn last Friday with the announcement of the fraud investigation into Goldman Sachs.
  • The markets overall were largely unchanged.
  • Signs continue to show that a top is approaching with tired action and non confirmation of indicators.
  • Recommend the first shorts in sometime.
  • Three more energy stocks reviewed.


April 19, 2010

THE CHAPMAN REPORT – SEC Fraud Investigation & More.

This week

  • The story of the week is the SEC fraud investigation of Goldman Sachs. Interesting as Goldman Sachs has been touted at times as the “Government of the United States”.
  • Going into the unknown – the Icelandic volcano explosion and its potential to disrupt markets and the econony for a consderable time.
  • Bonds rallied and the US$ rose as the SEC Goldman investigation broke. But for how long? The US$ broke down this past week but was saved by the Treasury buying at week’s end.
  • Gold and other commodities fell as the US$ rose at week’s end. But if the bullish patterns for gold, silver and the PM stocks then this pullback could be short lived.
  • Oil also fell as the US$ rallied. But here again this may be short lived if the tide shifts once again and the breakdown this past week in the US$ is correct. Lurking forever in the background is Iran and rhetoric continues there behind the scenes.

D.C.



April 15, 2010

THE CHAPMAN REPORT – Chappy’s Picks

This week

  • Three more energy stocks reviewed.
  • The market is continuing its meandering ways with only small gains on the week.
  • Even the new energy portfolio eked out only a small gain.

D.C.



April 9, 2010

THE CHAPMAN REPORT – Technical Commentary (Short)

Short update only as we will be away until Monday.

  • Stocks are making new highs but the indicators continue to give off non confirmations.
  • Bonds rallied and fell driven by the on again off again Greece failure. Another bond auction was coolly received.
  • Gold broke out over $1140 and $1150. The uptrend appears to have resumed. A breakdown in the US$ below 80.80 would be negative. The Cdn$ may pause now that it has reached par.
  • Energy prices were mixed this week however if the US$ weakens oil prices will rise. The key though may be natural gas prices that fell again this week to new lows.

D.C.



April 8, 2010

THE CHAPMAN REPORT – Chappy’s Picks

New, an energy portfolio. Reviews on three of the picks.

  • The markets continued their meandering ways with a small gain for the week.
  • The bull market that started back in March 2009 appears to be getting closer to a conclusion.
  • Gold stocks had a good week.
  • Energy stocks appear to have potential to break out.

D.C.



April 5, 2010

THE CHAPMAN REPORT – New Technical Commentary

This week

  • S&P 500 goes to new highs. The positive jobs report on Friday may boost prices further to targets up to 1250. But lurking behind is rising interest rates and cycles that top in April.
  • Interest rates jumped sharply following the positive jobs report. Odds are on now for an interest rate hike by the Federal Reserve by November and the Bank of Canada to hike rates by July.
  • Gold prices rose and silver broke out of a potential head and shoulders bottom pattern. Copper and Platinum hit new highs for the current move. Gold stocks outperformed as they should in a bull market.
  • Oil prices also rose and oil broke above $83 resistance after 6 months of failing to break above that point. Natural gas rebounded and oil and gas stocks had a good up week and appear poised to move higher.

Away for the weekend. We will try and get a short technical commentary out on Friday as we won’t be returning until Tuesday.

D.C.



April 1, 2010

THE CHAPMAN REPORT – Chappy’s Stock Picks For April 1st

Update only.

  • The market is meandering with an upward bias.
  • Volumes are lethargic
  • The portfolios are sitting in cash that can be put to work if the opportunity arises.
  • Portfolio performance inside PDF

D.C.