Now is a logical point that the major markets should be pausing after pulling back from the TSX's and S&P's 200-day moving average yesterday. In a bull market trend, the 200-day moving average acts as a level of support where buyers take advantage of the dip and support the market for the next leg higher. We've been below the 200-day for over a month, so this level acts as resistance. Is this the final resistance? Who knows? We've had an impressive run-up since late-December of 16%. We've seen tremendous sentiment swings in the past year. December had the highest put-call ratio he's ever seen. Now, we're neutral with even split between the bulls and bears. The price of gold and REITs are still flying high. Trump won't meet China before the March 1 deadline. China wants something recipricol in this trade deal while Trump feels that the current trade situation favours China. He's not surprised to see caution among investors.

Spring is seasonal strength for oil strikes before driving season. Jan.12-April 24 oil gains 10% above the benchmark, positive 12 of 15 years. He's starting to be enticed by the oil stocks. True, CPG suffers lower lows and lower highs, even today. All its moving averages are still down, but this is oversold and due for a bounce. On CPG's side is that oil is in higher demand. But for now, stay away from this.

Lumber's seasonality is between early-November and early-March, before people actually buy their homes. Lumber prices are starting to rise from a serious low (and bad year), but they're starting to come back. WFT had a declining trend based on the falling lumber price, but peer Canfor is cutting output which may benefit EFT. He's concerned it touching its 200-day moving average and declining today. Support at $70, its 50-day moving average. If it holds less level, WFT could see higher highs.

Seasonality is Dec.2-April 15 when it beats the benchmark by 21%. These tech-related stocks are starting to bottom lately, but not outperforming during the market low. That said, it is a rounded bottom since Q4 2018 and is curently holding its lows. If it can prop higher, this could be a tremendous buying opportunity. The 50-day average is $6.

(A Top Pick Nov 23/18, Up 6%) Nov.25-Feb.14 is seasonality which coincides with several healthcare conferences. These medical stocks are still outperforming the market. He took profits.

(A Top Pick Nov 23/18, Up 1%) Tech's seasonality is in Q4 and CGI is still charting new highs. He sold when it hit resistance.

Volatile with serious moves, like today up 2%. It's starting to break above resistance, which is good. This could very well break out to new highs, because it's still charting higher. Overall, the Canadian tech sector is amazing. Good for the long term.

Which chart to look at if you're unsure about your investment horizon? If you're shorter-term investor, look at the 20-day moving average; intermediate 50-day; and long-term is the 200-day moving average which is most investors. BAM's 200-day is still pointing higher and is still doing quite well, but short-term it broke its level of support. It's a question mark if BAM can chart a higher high to maintain a low-term positive trend.