COMMENT

The chart shows a classic topping breakdown. It touched the rising trend line over and over again, and then topped. Broke down through the neck line at around $31, and then fell down. It tried a countertrend rally which didn’t work. The next support level should be at around $17-$18.

COMMENT

Owns this in his income portfolio, but not in his growth portfolio. This stock has not broken its long-term trend line. In the near term it probably has some support at around current levels. Feels the dividend is sustainable and is solid. If you are an income, long-term investor, you could probably own this and is probably an OK time to buy it right now. It is probably going to move sideways for the time being.

DON'T BUY

This tends to closely track oil and gas, and the trend for those commodities is down. He would avoid this for the time being. Eventually oil will base and break out, but now is not that time.

COMMENT

The chart shows a gently sloping downtrend since August, but with a base of around $2. Feels the chart is showing a consolidation since about August, and it needs a break out. In the meantime, it is just a short-term trading vehicle.

DON'T BUY

Energy in general is something that he is waiting for, and not buying into yet. Chart shows a long downward trend since mid-2014. The old support level of around $40 was definitively broken.

COMMENT

Chart shows an uptrend since early 2014 that broke a Top late last year. The resistance point in early 2015 was tested in a topping formation, and that became the neckline. We may find support at current levels of around $65. If it manages to hold that $64 area successfully for a little while, it may not be a bad trade. But be aware that if $64 breaks, it could get ugly.

COMMENT

TD Bank (TD-T) and Enbridge (ENB-T) in a TFSA? This is a bet on the Canadian economy. Will the Canadian economy pick up in the next 5 years? Probably. If you have the patience to deal with all the ups and downs, you might be okay. However, over the next 12 months or so, he is not so positive on the banks.

COMMENT

TD Bank (TD-T) and Enbridge (ENB-T) in a TFSA? This has had a definite breakdown. An old support level at around $45 was broken. It is trying to rally back up to that, which is what he would call the neck line level. If it can break that to the upside, it might be positive, that to him it is still just a test. Not sure if he would own this one for the long run.

DON'T BUY

The longer-term trend line that started in 2013 has been broken. A long-term trend line that has been broken is really significant. Sometimes you get a rally if it breaks out above the trend line again, but at this time this company is underperforming its sector of tech stocks, and is breaking down.

DON'T BUY

On a chart going back to 2012, there was a pretty nice upward trend line, and that broke down in early 2015, and pretty aggressively. Since then there have been multiple breaks of support. There was a level of support at around $24 that was tested recently, but it broke. At this point it took out another low from the summer. You are possibly going to find a bounce here, but he would want to see it bounce off the $16.50-$17 level and hold before he got involved.

COMMENT

Theoretically lower fuel prices are supposed to help these companies. The chart is showing a breakdown with lower highs and lower lows since early 2015. There is some hope as some of the lows seem to be holding. Pay a lot of attention to the last peak of around $25-$26, which might be a point of target if the market rallies the way he thinks it might over the next 2-3 weeks.

TOP PICK

This tracks the euro versus the US$. Technically this is basing. He likes to see stuff that has had a fall and is now starting to form a base. That is usually the beginning of what could be a positive move. There is also a little bit of “fundamental” in this play as well. He has taken a half position to start. If the Fed becomes a little more dovish than they implied in late 2015, the US$ might just pull back a little bit. Meanwhile the euro might be a little bit on an upswing. Thinks the euro is an OK place as a safe haven, at least for the short term if this market continues to act erratically.

TOP PICK

Tracks gold stocks on the TSX. The chart shows a little bit of a base that seems to be happening. He is looking for a possible break out. Producers have been lagging the actual commodity, and he is wondering if there might be some catch up. Doesn’t own this yet but is showing what he is interested in buying and will possibly buy in the next week or so.

TOP PICK

Sell on the rallies and raise cash. Believes we are in an interim bear market.

N/A

Markets. This is going to be a choppier year. There is mixed economic news. US growth seems to have slowed a little, and there are some concerns about a recession. Chinese growth has been slower than it has been. It all adds up to another year of very slow growth. The US Fed move in December concerned a lot of people. There might be a little more shakiness in February, but feels we are in a bit of a bottoming process. The US consumer is actually in pretty good shape. They are sitting on cash a little bit more than usual. Eventually, with the money that is coming into their pockets, they will be spending a little more. Expects to see an acceleration in consumer spending towards the end of the year, which will provide more confidence and the market should do better.