Latest Stock Buy or Sell?
Today, Brooke Thackray commented about whether AEM-T, IEF-Q, FTS-T, IAU-N, CNQ-T, CVE-T, MX-T, MX-T, BABA-N, RY-T, WEF-T, XGB-T, COST-Q, CASH, TD-T, BUS-X, HR.UN-T, MSFT-Q, FDX-N, HON-N, GOOS-T are stocks to buy or sell.
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$91.360
Unknown
Seasonal from Feb.25-May 9 where it had a good run; and starting July 27. Seeing flatlining now. Wait a bit.
It's a little above resistance now. It's entering seasonality starting late-July. Chart looks good.
Lumber stocks have been effected by hurricanes and rebuilds, but has suffered a big downturn since May. It's now out of season, still falling. Wait till the fall to buy this sector. It could fall further from now to then.
Seasonality for gold runs early-July to early-October. (Seasonality of commodities doesn't have as much confidence among investors as seasonality for stocks.) Gold is now oversold. It's gone down since April. If it sees an uptick, buy it. Short covering in this sector is huge.
He likes it because it's boring. This is the time to be cautious (boring). Bond proxies have been hit this year with rising rates, but he doesn't see interest rates rising much going forward. Fortis has good growth prospects A good time to hang out here and earn a dividend. (Analysts price target: $47.60)
Seven to 10-year government bonds do well this time of year. The past two summers, IEF had good runs, so sell them in late-September/early-October.
It's done well. It's broken above its rising trend since last-2016. Not seasonal now. Look for a base below $80. Wait.