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As a retiree, your retirement income just got you an extra 3% growth. Before you sell ask what you will buy that will equal the income and growth. Watch what is taxable. It is a domestic bank. It had a really good run. Don’t expect the same returns because the fear factor came off. The dividend is attractive.

Oil Stocks. He gave up years ago on the junior oil business. Now we are sitting at $50 oil. We are at the end of the pipe. Egress from Alberta is becoming much more difficult. It’s going to be tough for Canadian companies to make money. Productivity and wells does not differentiate companies. He owns prairie sky (PSK-T) for the dividend and royalty stream.

He would own it. He recently acquired it. There are not a lot of tech stocks in Canada. It is a good cash generator and you don’t pay a lot for it. It has stability. They are a consolidator for smaller tech companies. He really likes the name.

He did not look at CM-T as an acquisition play. It was a great place in the banking space. This quarter they showed the benefits of their cost cutting measures. It still trades at a very low multiple. He likes the yield that they will grow. He would not buy it today but he still thinks it has legs to run.

He is looking at it because it has a significant component of its revenues from aerospace. It could be a potential target from south of the boarder. He thinks this one is overlooked. There is a pilot shortage.

He likes the yield but does not think the growth will continue. Is this the best way to generate 4.2% returns - look to the Top Picks.

Seasonal strength in December We’ve just been through this insane year of non-volatility and constant rise. Typically around this time of the year we tend to get some changing of the guard, from stocks that have been market leaders into some of the under performers in the new year. The Dogs of the Dow theory was created from that. He think the coming year will be more pronounced and that we’re going to see a lot of changing of the guard from some of the high flyers into some of the more ignored sectors.

Tax loss selling at this time of the year They are starting to rotate into some of the underappreciated sectors because he think there’s going to be some real movement into those sectors when tax loss selling stops at the end of the year and that people start moving into underappreciated stocks.

Bitcoin He wrote a blog post earlier this week on his web site about Bitcoin. You can look at how long a stock stays above its 200-day moving average as an indicator of how overbought it is. Bitcoin is almost 3X above its 200-day moving average, that’s when you know you’re in a bubble. It doesn’t mean it can’t keep going for a little while longer, but it can’t continue forever.

Moving allocations outside the US He is not bearish but a little cautious. He thinks a lot of companies in the US are a little bit overbought, particularly the big movers, and that their might be a better opportunities elsewhere. They are adding a little bit more diversification to their portfolio and started buying more Canadian stocks now than they’ve had for many years.

General Market We are at the time of the year where the market can be a little more positive. A lot of that slows down in January. He thinks there could be more upside in the next couple weeks with all the Christmas spending and tech things going on, but watch in January for some pullbacks.

They started buying some Canadian stocks because of companies like this. Great looking chart, maybe a little bit off the trend line. There could be a little pullback, and this could be an excellent buying opportunity if it does in fact have pull back. The Canadian tech sector is a little bit overlooked, and Canadian tech companies are a little less appreciated than their US counterparts.

The stock has been following the oil price, and just like oil, it has recently broken out. This is a sector they started moving into, an underappreciated sector that is maybe overlooked by the market. These breakouts that are happening on the whole sector because of oil prices are great. Thinks oil is going to have a little bit of resistance around $62 or so. It’s got some upside from here.

For an income investor he continues to hold, but on the equity side the trend has been breaking down and he will be selling soon. Not a great stock for growth, but if you like the 4% dividend you should continue to hold.

Downside in case of a correction? It is following an uptrend and testing the trend line. If it breaks the trend line and also the 200-day moving average then it’s a signal to get out. Until then you could probably continue to hold. There would be some support level around $30.