There was support at $160. We tested that and bounced for a couple of days and then it broke. It is now showing resistance at $160. The next real support level is probably about the $135 area.

ZWH-T vs. ZWI-T. ZDY-T is dividend payers, the best US payers. ZWH-T has a covered call. In a downward market he likes the covered call overlay. In a strong market you don’t want it. He prefers ZDY-T right now.

ZWH-T vs. ZWI-T. ZDY-T is dividend payers, the best US payers. ZWH-T has a covered call. In a downward market he likes the covered call overlay. In a strong market you don’t want it. He prefers ZDY-T right now.

Warren Buffet is interested. A year ago he said Larry would be interested in the mid-teens. There is nothing to tell you that now is the time to buy except a really good value investor sniffing around. There are too many uncertainties. It is interesting and speculative at this point.

He does not think we are going back to 2016 oil prices. 2019-20 could see a drop, though. We are taking out lows in this stock after having taken out more recent lows. It is a very high risk play. He does not think Canada will unlock the value in the energy sector any time soon.

(A Top Pick Jan 8/18, Down 10.91%) The chart for oil looks constructive but the energy sector here in Canada has not been that good. He has 3 energy stocks that he is giving another month to until the seasonal period ends and then he is out. He is holding for the seasonal period to give it a boost.

(A Top Pick Jan 8/18, Down 20.79%) It is trapped in a trading range. It should do okay until June when the seasonality runs out on it.