PAST TOP PICK

(Top Pick May 30/16, Up 5.75%) He will cycle out of it in the fall.

PAST TOP PICK

(Top Pick May 30/16, Flat) He invested 25 of his 45% cash after the Brexit vote.

BUY ON WEAKNESS

Gold Bullion. He likes gold. It was in a nasty downtrend for some time and broke out at the beginning of 2016. Gold can sell off a little into the end of July, and then there will be a possible entry point. Since 2011, companies have been waiting for this.

BUY

It has been testing a trend line and doing so positively. You will do fine with this one if you are a long term holder.

DON'T BUY

It broke a trend line to the downside. He thinks it will come up and test the bottom of that trend line and then roll over and fail.

DON'T BUY

There has been a lot of consolidation in this sector and they have been the go-to name for some time. There is a risk that they may acquire someone that the market won’t like.

SELL

Dividend of 16% alarms them. There is a risk that the other shoe will drop. It has been in a downtrend for some time with no signs of basing.

N/A

Smart Money vs. Dumb Money. A lot of retail money has moved into the market over the last few days and this is a bad thing. Institutional money has started to sell off. This is a danger signal.

DON'T BUY

It has busted out of the downtrend. Basically it now looks pretty good. However, he would prefer another bank because BNS has high exposure to resources.

SELL

It is not showing any signs of breaking out of its base. It is too early to comment from a fundamental point of view.

WAIT

It seems to be basing. However there are some signs it is still making lower highs. Wait for it to break out.

TOP PICK

They like the Canadian hedging. He can play healthcare this way and not take on the product risk. It broke out earlier in the year and now is breaking out again.

TOP PICK

This is a conservative play in the energy space. They are not all Canadian. This name came up because oil fell back to $40 today. This stock is at the bottom end of its price channel.

TOP PICK

20% of his cash is on the sidelines. He is looking for some corrective action in the next couple of months.