A Wild Week Past!

 A lot of stocks popped up big during the past week only to settle down lower. Agnico Eagle (AEM) began at $65.88, crested to $71.50 and ended at $66.47. Agrium (AGU) began at $58.28, hit a new 52 week high of $63.87 and ended at $60.98. Barrick Gold (ABX) Began at $45.25, hit a 52 week high of $50.53 and ended at $45.10. Goldcorp (G) began at $45.15, hit a 52 week high of $48.37  and retreated to $44.66. Iamgold (IMG) highly rated by Investor’s Daily began at $19.68, hit a 52 week high of $21.95 and ended at $19.24.

Stocks to Watch this Week include: Royal Bank (RY) & TD, both if which ended the week lower. I still highly recommend Canadian Natural Resources (CNQ), Nexen (NXY) & Talisman (TLM). Both Agrium (AGU) & Potash (POT) have been red-hot. For a little less volatility with strong dividends, keep a close watch on Husky Energy (HSE), Power Financial (PWF), Sunlife (SLF), & TSX Group (X).

The Precious Metals’ Group noted above are hard to predict now with the big sell-off in gold bullion by this week’s end. It could continue.

Energy stocks noted above usually strengthen in February so it could be early yet but some of the prices look interesting now.

Financial stocks are worth a look. Royal Bank has a spectacular short through to long term technical chart.  Manulife (MFC) is looking very weak but it could make for a good entry point. Tax loss selling begins soon so be careful of stocks that have demonstrated too much weakness. Have a great week ahead.