Today, William Chin commented about whether CJT-T, TCL.A-T, ZZZ-T, VRX-T, DAL-N, WN-T, BTE-T, SBUX-Q, GILD-Q, GE-N, FTS-T, EMA-T, DGC-T, CLR-T, SIA-T, CM-T, FR-T, ALA-T, ESI-T, AGU-T, ZZZ-T, IRG-T, AGT-T, THO-T, BBD.B-T, MFC-T, RY-T, NXE-T, ZCL-T, BCE-T, CXI-T, CF-T are stocks to buy or sell.
This has a very low beta, which means that no matter what happens in the stock market, this doesn’t get affected much. Also, it gives you a pretty good yield of about 5%. Over the years, the chart shows it has been steadily climbing. In the last several months it is looking a little tired, not negative, but he would wait a month or 2 to see if you can buy it in the low $50s, which would give you much better protection.
A pretty volatile stock, so make sure you don’t put too much into it and that it is a reasonable percentage of your portfolio. The chart indicates the stock is in an overbought position earlier this year, and he thinks it will correct to close to its previous high at around $3. Look for $3.10 or $3.20.
Benefits to the US from a strong dollar? The US is the largest debtor in the universe. A strong dollar is always good. It keeps investors confident to buy and own US Treasury debt. It also keeps the US in a dominant position in the world. Chart shows that it was breaking out in the latter part of 2016, as well as testing old highs and making a new high, which are all bullish signs.
Market Investing. Donald Trump’s unpredictability and its effect on the market heightens the case to have somebody actually selecting securities. With his there will be uncertainties, and with uncertainty you have volatility. You don’t want to be standing still. A passive approach to investing would be very problematic in these times, so active management is very important. Instead of trying to forecast what is going to happen, the best thing is to follow the money. Every point on the chart he follows, is validated by real money, so looking at a chart, you know where the money is going. The chart is the best risk management tool. Just by looking at it you should know whether you should be buying more or selling. The TSX chart showed money coming in from 2013 into 2014, money going out in 2015 and money coming in from early 2016. His 2nd approach is Multi-Market Analysis. The world is made up of 4 major asset classes; commodities, currencies, stocks and bonds (the interest rate market). When big money moves through the market, they often cross asset classes. If you follow all of them, you have a much better chance of knowing where the money is coming from and where it is going.