Latest Stock Buy or Sell? Make More Informed Decisions!

Market. This week and the next 2 weeks historically are the 3 weakest of the year. Analysts have a history of overestimating coming into the 3^rd quarter and then have to start pulling them down, so there is a tendency for analysts to lower estimates, and for companies to lower guidance. This year in particular, it is likely to happen in the US, because there have been 2 hurricanes which will have an impact on 3^rd quarter results. This is a short-term correction, which is going to provide you with a buying opportunity in the latter part of October. The consensus for earnings in the Dow Jones is a gain of about 3.7% in the 3^rd quarter, 4.8% for the S&P 500 and 4.8% for the TSE 60 stocks. The strongest quarter of the year comes in the 4^th quarter. People are buying things such as the new iPhone, Christmas gifts, etc.

Gold stocks in general have a very strong period of seasonal strength, normally from the end of July through until the beginning of October. It started out positive this year, but lately has been going sideways to down. The problem is that we are running out of the period of seasonal strength, about 2 weeks from now. Continue holding the stock with the possibility that it might get to the top of its trading range, and you may want to take money off the table in the next 2 weeks.

This is among biotech stocks which historically, have done very well from April right through until the end of September. It happened again this year, although it didn’t happen last year. Look for an opportunity to take profits on strength.

As a high-tech stock, this has very strong seasonality. It does very well from October to January, followed by another sweet spot in the spring. We are currently in the period where the stock normally doesn’t do that well. Once you get to the 2^nd week in October, look for the stock to start moving higher.

This has 2 periods of seasonal strength during the year, and one of them just started in the last 2 weeks. Bank stocks do very well from approximately the beginning of September right through until the end of November. That is when banks report their 4^th quarter results. Look for the stock to test the previous high during its current period of seasonal strength.

He can’t do seasonality on this company, because you need 20 years of data. However, the chart shows that it just keeps on going higher and higher. It recently broke into an all-time high, and is outperforming the market. Momentum indicators are on the upside.

Oil? Historically, oil prices tend to move higher from early in the year through to the end of September, then tend to dribble lower after that. In the last while, crude oil has formed a nice little trading range. If it gets above the $52 level, you could see it move higher. However, we are now into the period of seasonal weakness, and expects you won’t get a break out, and crude oil prices will move lower between now and January. If you want to be in energy, look at gassy stocks as opposed to oil stocks.

Has just broken down through a very important level. The trend is on the downside. They sell most of their production into the US. The Cdn$ is getting higher, which means margins are getting squeezed and causing the stock to come under some pressure. Also, they had full access to a certain part of the Newfoundland/Labrador area for certain types of fish. Apparently one of the 4 areas has been taken from them to go to the aboriginal community.

Technicals to monitor biotech and healthcare? You want to be in a sector that is in an upward trend and is outperforming the market. Also, you want the momentum indicators to be moving on the upside. Currently, this is not a good sector to be involved with.

This is an oily stock, and has a history of moving higher from approximately late January through until May/June of each year. Chart shows the stock has been drifting lower since the beginning of the year. His preference would be into one of the gassy stocks.

Seasonally, this does very well from September through until around the end of November, similar to other Canadian banks. If it moves above resistance at around $59, its all-time high, that will be a very positive technical indicator. That would be until the end of November, when the period of seasonal strength will have ended. Momentum indicators are all trending higher.

Historically this has done very well in the springtime from February to May of each year, but recently, the stock has done better than that. All auto stocks have been moving very, very strongly higher during the last few weeks, but is not related to seasonality. Technically, this is currently in an upward trend and just broke to new highs. Short-term momentum indicators are doing well also. Stick with it for now.

(A Top Pick Aug 25/17.)

(A Top Pick Aug 25/17. Up 0%.) The best time to own gold and gold equities is around the end of July through until the beginning of October. There are 2 weeks left before the seasonal trade is over. If you do see a little bit of strength, he would suggest you take some money off the table during the next 2 weeks.

(A Top Pick Aug 25/17. Down 1%.) This year started off great, but then started to roll over. Has a little concern with gold and gold equities in general. The US$ Index in the last 10 days has started to show signs of bottoming. If the US$ starts to bottom and go higher, that is not good for gold and gold stocks.