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Christopher Wallace
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Christopher Wallace
About
Chris
 Chris has been actively investing for over 30 years. After graduating from Queen's University with an Honours degree in Economics, Chris has learned the intricacies of investing through a diversified career in finance. Starting out in commercial banking he worked on the funds management side and then progressed into merchant banking where he became the Chief Operating Officer of a publicly traded merchant bank. From there he co-founded and was the Managing Partner of Second City Capital Partners 1, LP, a highly successful private equity fund, where he remains a general partner. He has been a director of numerous private and public companies.
Chris employs a mix of top down economics, value-oriented fundamental analysis and technical analysis to select and time a broad range of stock market investments. In addition to the articles he contributes to Invested Central, he is frequently published on
SeekingAlpha.com.
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What is a Gold Investor to Do?
Christopher Wallace - April 12, 2013
At the beginning of March I developed a bullish gold miners thesis based upon extremely bearish sentiment. I recently advised reducing exposure as the thesis had not played out as I thought it would. I advised at that time that I would exit the trade entirely upon a break below $1525 - $1550 in the price of gold; its last area of support. That support has now been decisively broken . . .
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My Gold Miners Thesis Re-Visited
Christopher Wallace - April 03, 2013
At the beginning of March this year I turned bullish on the gold miners as a group. I first wrote about it here on Invested Central on March 1 and then again on March 14, with a focus on the commodity. The action of the past few days has called my bullish thesis into question and so I think now is a good time to re-visit the technical evidence and see if my original thesis remains valid . . .
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Has the Bull Market in Gold Come to an End?
Christopher Wallace - March 14, 2013
That is a question that I am sure is on the minds of many investors. Sentiment towards the metal is extremely negative. Many investment banks have revised their price forecast downwards. But what do the charts say? To begin, let us look at gold from a longer term perspective. . . .
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4 Signs of Gold Shares Hitting Bearish Extremes
Christopher Wallace - March 01, 2013
The gold market has been bashed, battered and bruised for over a year now. And the gold mining shares have suffered an even worse fate. The technical evidence I have reviewed is suggesting that this has hit an extreme and therefore I expect that we are very close to a bottom in the recent bear market for gold miners. What follows is a brief review of that technical evidence. . . .
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Amazon.com: The Long and Short of It
Christopher Wallace - February 27, 2013
Amazon.com has been one the true leaders the stock market recovery from the recession that began in the Spring of 2009 having risen over six times from bottom to top. The rise has attracted much criticism from short sellers who complain that rising revenue has not been able to be turned into a rising bottom line which has pushed its valuation into the stratosphere. . . .
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Technical Toolbox: On Balance Volume
Christopher Wallace - February 21, 2013
On Balance Volume (OBV) is a technical tool developed by Joseph Granville in the 1960s. OBV seeks to measure the flow of money in to or out of any given security; the purpose for which is to determine if the security is being accumulated. . . .
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Natural Gas: The Uptrend Has Been Broken
Christopher Wallace - February 15, 2013
In April of 2011, natural gas finally broke a crushing downtrend that took the commodity from its all-time high in 2007 of over $13/mmbtu to under $2/mmbtu. The subsequent rally off of that oversold bottom was impressive culminating in an exact double by late November. But looking at the chart for natural gas today, it seems to be telling a different story. . . .
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Gildan Bouncing Off of Long Term Support Trend Line
Christopher Wallace - February 13, 2013
I recently published an article here on Invested Central about using trend lines as a basic technical tool. Buying stocks that have bounced off of long term trend lines makes for a solid buy and hold strategy. One such stock following this pattern is Gildan Activewear Inc. (NYSE:GIL) . . .
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A Breakout For Platinum
Christopher Wallace - February 11, 2013
Platinum is one of the earth's more precious metals, trading currently at roughly the same price as gold. Platinum is used in catalytic converters that reduce exhaust emissions from automobiles and has an increasing use in computers and mobile devices. South Africa is the largest source of platinum. . . .
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Technical Toolbox: Trend lines and Channels
Christopher Wallace - February 08, 2013
At the foundation of technical analysis sits the trend line. A trend line is created by connecting a line between two major bottoms on a stock chart for a support trend line and two major tops for a r . . .
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Where Are The New Highs?
Christopher Wallace - February 06, 2013
As I have discussed in previous articles, I look for confirmations to verify an on-going trend. Recently I talked about how the Dow Theory uses confirmations of the Transportation Average with the Industrial Average to determine if a trend is going to continue or not. . . .
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One For A Frothy Market
Christopher Wallace - January 29, 2013
It has been a terrific market for the last four years. After bottoming in March of 2009, the market has shown nearly four years of steady gains. Some terrific fortunes would have been made by those smart enough (or brave enough!) to have bought at that time. . . .
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Dow Theory Confirms Up Trend
Christopher Wallace - January 19, 2013
Last week I published an article here on Invested Central titled Checking In With The Dow Theory wherein I explained how the Dow Theory works and what it was presently saying about the market. . . .
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Checking In With The Dow Theory
Christopher Wallace - January 08, 2013
For over a century the venerable Dow Theory has been used to assist investors interpret the stock market. The original Dow Theory is based upon a series of 255 editorials in the Wall Street Journal published between 1851 and 1902 by its founder and first editor, Charles H. Dow. The work of Dow was expanded upon by William Peter Hamilton, Robert Rhea and George Schaffer from the 1930s -1950s, using Dow's editorials as the basis and ultimately giving rise to the term "Dow Theory". In more recent times Richard Russell as well as Jack Schannep are the most prominent modern interpreters. . . .
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Pay Attention to Extremes
Christopher Wallace - January 04, 2013
I have learned to pay attention to extremes: they seldom last and often signal a change in direction. One indicator that has recently hit an extreme is the Put/call ratio. This ratio compares volume of put options traded relative to the volume of calls traded. . . .
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