Before Christmas, he called a correction in January and it's happening.

He likes it. There's a new uptrend after a long downtrend since early 2018. He's like to see strong volumes and support at $80. If so, it could touch $90.

See how it does at $90 which is key support. There was a long uptrend, then a breakdown, so see how it reacts to $90. He thinks it wills stabilize around $90, but if it falls, then it could go down to around $82.

What indicators do you use? First, his father was a stockbroker who taught him to chart stocks; he'd record the volume by hand. He's a big fan of on-balance volume. Also uses price momentum and relative strength (strength of a stock relative to its index). More and more the market is technically driven. He uses these standard indicators used by many.

The chart shows a long-term downtrend, though it's trying to make a new uptrend. He likes RUS for paying a dividend, but if it breaks below $20 there will be more downside.

There's support at $80. As long it remains above there, it should trend higher. It had a good start to 2019, but then pulled back 50%, which is normal. But watch out if it continues to decline. He himself needs to decide on his holding soon.

It just fell to $205, his correction target. Unfortunately, it's broken below that, so support is now $190. If it holds that level, he still likes FB and would add to it. He likes to see new all-time highs, which is what happened to FB.

(A Top Pick Dec 24/19, Down 18%) He has liked HSE for its higher highs and higher lows. Now, he doesn't like that it's breaking down to its support level. If it falls below $8, then get out.

(A Top Pick Dec 24/19, Down 7%) He'd worry if it breaks below around $56 and sell. After this current market correction, WFT should break above $60. This should be a good year for lumber stocks with fine upside, which was why he recommended it.

ENB vs. Aecon He likes ENB. Money managers are hiding in pipelines in the energy space (safe dividends in pipelines). $50 is key. If it falls to $50, add to your holding. $60 is the next support level. A great chart.

S&P target? He likes financials and infotech long term. 3,700 is his S&P target. We're in year two of a four-year cycle. This should be a good year for the TSX, too. $300 level is support, then $290. After a move up, we're now in a distribution phase, and next should be a slight pullback to mirror the firrt nine months of 2019. Given the coronavirus, expect weakness to come. That's when you buy.

He loves infotech. XIT has a great chart, but consolidation is coming. (Later this year, the economy will chug along with some money flows into materials and maybe energy.) As long as XIT's uptrend remains intact it's fine, but if there's a breakdown, sell and buy elsewhere. Look for weakness in coming weeks to enter. Overall, he's bullish about infotech.

Entry point? The long-term uptrend remains intact. Wait to enter at $42; he expects a pullback to come soon given the coronavirus. He likes EIF.

A past pick. When it broke trend in mid-2019, he sold. Not good--it has long-term support at $20 and TECK has broken below it. Maybe it will bounce up. The chart looks pretty bad. Reduce exposure at the next bounce.