Today, Rick Stuchberry commented about whether TOY-T, RY-T, ING-N, VET-T, GOOG-Q, TD-T, PPL-T, IPL-T, BAM.A-T, SAN-N, RDS.A-N, AAPL-Q, FTS-T, CM-T, CTC.A-T, CNQ-T, SU-T, BCS-N, BNS-T, CCA-T, CPG-T, ENB-T, ATD.B-T, WN-T, CJR.B-T, CNR-T, CP-T are stocks to buy or sell.
Market. These next two months can be tough on the market historically. He thinks the market will continue to consolidate with an upward bias into the fall. The S&P500 has gone basically sideways for most of the year. There has actually been a net cash outflow out of the market for most of the year, yet the market has stayed flat – he thinks this is a bullish sign for the future. If it doesn’t want to go down, it probably will go up. The longer the consolidation the more aggressive the upside will become.