The US Fed cuts rates by 25 points today, but the market wanted a signal for a 50-point cut. Ht thinks the market got what it deserved--the US economy is still strong. Consumer spending is at record highs and employment is high. Powell told the market today that cuts won't be a trend. Again, the market got what it deserved. Preserve your bullets for when you need it, so Powell was right. Manufacturing is weak, though. However, Canada is doing well here, benefitting from the US's pain. The Bank of Canada is not cutting rates. This creates diverging policy. Look at your USD exposure and consider bringing some of it back to Canada. Q3 is the most volatile quarter, starting now into October. We could be seeing the start of it right now with little to drive markets higher. We could see big moves up and down.

Gold and silver seasonality Gold benefits from volatility and a lower US dollar. Inflation pressures are starting to build. Usually in Q3 you see a weaker US dollar which helps gold. But gold is now making highs--which is a red flag. We just had a big breakout above $1,380 for gold after a multi-year base. $1,380 is a good point to pick up gold and mining stocks. He's loaded up recently in precious metals. After this explosive move in this sector, expect a retracement to $1,380 for gold.

The 20, 50 and 200-day averages are moving higher. It just tested the 200-day at 95-cents and bounced much higher. It looks like it'll continue to move higher. This looks great.

We're in seasonality for gold, peaking in late-September, then from Dec. 23-March 22. NGD has doubled in a short period of time. NGD has seen a recent big move, doubling, but this month it is flagging, consolidating, then afterwards should explode higher. But this is very volatile. The trend is higher. Buy on support.

Tech stocks' seasonality is Q4. Dec. 22-March 13 is GIB's seasonality. It's a former top pick. The chart shows higher highs and lows. Today it tested its 50-day moving average, so short-term sellers are getting out, so maybe don't touch this until it gets cheaper.

The chart doesn't look great. Moving averages are moving lower. Not good. Seasonality is end of the year into the new, late-November to mid-February. Revenue growth is healthy though.

Why are oil stocks so low when the oil price is high, especially during summer seasonality? Instead, we see big declines and volatility. The stocks just hit multi-year lows. However, in the past few days we've seen a massive reversal, including today. He's still bullish the price of oil. So, we should see a lift in oil stocks with the trend starting now. A parabolic trend up or down never lasts; at some point it changes direction.

Is there a danger in having too many indicators for a stock? Definitely. At the very least, look at major moving averages - 20/50/200-day. He also looks at the 14-day RSI and oversold/bought levels.

The moving averages are pointing down with lower lows and lower highs. Seasonality follows the tech sector, Q4, Nov.5-Feb.5. But BB is a dog.

Gold's seasonality is July 27-Sept.25, and mid-December to end-February. This applies to AGI. May 16-Aug.4 is their sweet spot. Revenue growth is sluggish, but AGI will benefit from the rising price of gold. Moving averages are pointing higher. Overall, looks good, though recently overbought.

Pipelines have held up better than the energy sector. Neckline at $22 for IPL and it should hold. Expect much higher levels from here on. Summer is seasonality.

Feb.15-June 2 is seasonality, but we see lower lows and lower highs. If this doesn't hold at $12, this will fall lower. Wait till momentum improves.

Q1 in to April is seasonality for US stocks. The banks are showing improvement and they can still run. Resistance at $31 so if BAC breaks out, there'll be a big upside.