ZWE-T vs. ZPH-T. ZPH-T is the put write strategy. If we have an acute sell off, both will lose a little money. If you are branching outside of Canada, there is no dividend tax credit, but put write gives additional income. He recommends having a bit of both in order to diversify. Europe is a bit more attractive over the next couple of years.

ZWE-T vs. ZPH-T. ZPH-T is the put write strategy. If we have an acute sell off, both will lose a little money. If you are branching outside of Canada, there is no dividend tax credit, but put write gives additional income. He recommends having a bit of both in order to diversify. Europe is a bit more attractive over the next couple of years.

Oil is probably $50 plus or minus $10 for some time. HSE-T over the last year peaked when oil was in the mid-$50s. It is priced for $50 oil at present. We are in the middle of its trading range. He has been lightening up a little on oil recently.

MRU-T will sell some of their 10% holding in ATD.B-T in an orderly way. The stock price leveled out over the last couple of years. He would like it if it pulled back a little. The forward looking PE is 17, a little high. He would not buy it today while this M&A is going on.

Equal weighted Canadian bank covered call strategy. Banks should settle into a trading range over the next couple of years so buy low and sell high. Wait until it pulls back. You could trim your position right now.

(A Top Pick Aug 4/17, Up 2%) It had a good run until about two weeks ago. You may want to take this position off.

(A Top Pick Aug 4/17, Up 5%) The period of seasonal strength is from now until the first week in January. It has a nice upward trend, broke to new highs recently, and the technicals are great. Farmers want to reduce taxes by buying fertilizer after a good year like this year.