Today, Colin Fisher and Hap (Robert) Sneddon FCSI commented about whether HCG-T, CJR.B-T, ENB-T, V-N, BTO-T, NSC-N, WN-T, FXI-N, CVS-N, CRH-T, ELD-T, HSBC-N, AVO-T, BTE-T, XRE-T, KL-T, FR-T, SAP-T, KO-N, ARE-T, TII-X, TCS-T, AXA.H-X, DOL-T, RMD-N, BPY.UN-T, CXR-T, SEV-T, DH-T, OEE-X, KXS-T, TWTR-N, MFC-T, CLY-X, Y-T are stocks to buy or sell.
Markets. We had a reflexive bounce off in some of the commodities. We had persistence in sectors with stable earnings and good trends. We are at high levels of inventories to sales. The Fed is worried about some things. The Yen is the big trade that tells us a lot about markets. We had a rounding bottom in 2015 and now it broke out. He owns the Yen. The Yen is telling us the market (S&P 500) is tired. We might see a revisit of the December/January lows. You want to go into strength in the S&P.
The chart is not that helpful. It has a rounding bottom right now and the longer it bases the more it is a precursor to upside. It is currently trying to get through $5.12 and then it will have some room to run. The 200 day moving average is around $9. He owns no energy at this point in time, however. Some other names have much more upside. The target could change any time.
Supply chain management for hospitals. Garbage cans with RFID tags. They do supply chain throughout the hospital. This is one of the cheapest entry points. It is well owned by management.