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Market. The Fed has been the backstop for the market going down. Now they are raising rates unless something else comes along or goes wrong. We saw the peak in September in the S&P as well as the TSX and then we had a correction take place so that we were down for the year. If we can hold above the lows of earlier in the year, then we will be okay otherwise we are in for a bit of trouble. The TSX is at 2014 levels now. Just because the index is lower and underperformed the S&P does not mean it will outperform the S&P. He manages HAC-T (Seasonal rotation ETF) and it has outperformed the TSX. He still has a fairly large chunk of cash. We are coming up to that 6 month period where the market tends to perform well.

They are going international but competition is increasing from other countries at the same time. They have started to consolidate and are forming a base. He thinks we will consolidate for a bit yet. In November and December are good times for this airline.

It is up today on their earnings. We are actually at support. If it corrects more it will go to $125. This is a good time for this stock.

He is not positive on the energy complex because it tends not to do well until mid-December. This is the stock he would recommend in this space. Support is about $40. He thinks it will start to rise in mid-December.

As utility stocks picked up, this one did not. This is not the time of the year for telcos to do well. It is a good long term hold. It needs to break above $56 before getting in.

Canadian Banks. Rising rates are good but at a certain point in the growth cycle, near the end, loan growth slows. That is what it taking place now. Canadian banks have not benefitted that much given rate increases. Seasonally they should be strong from August until December. As the interest rate stabilizes, it is something he could go back into.

It will typically do well in the last part of the year. We are coming down it its support level. If it breaks support then look somewhere else.

It has slid down a bit and is negative for the year, like the market. We are coming up to the seasonally strong period for this sector. If it starts to show support, take another look, perhaps in late November.

Nov. 26 is when you want to enter that sector. He would wait because it is in a downward trend. It has negative momentum.

It is up 4% today. It is putting a base in here. He does not favour this sector. It is not showing enough strength. If it went above $3 he would take another look.

The last two months of the year it normally does quite well. It has consolidated and is not moving up much here. It is in the right sector.

(A Top Pick Jul. 23/18, Flat) The seasonal period for gold is usually July to October. He exited half his position in August and the rest in September. This is not normally a good time for gold. January and February are good seasonal periods for it.

(A Top Pick Jul. 23/18, Up 5%) He was looking at a really safe investment. 90% of revenue is from regulated utilities. We have seen a rotation into this as the market has gone down. At this point he feels there are better opportunities elsewhere.

(A Top Pick Jul. 23/18, Flat) He sold in mid-September. It is not in its seasonal period so he would not own it now.

TFSA – What to put in it. The US market is outperforming right now and it could last a couple of years. Over the longer term, you want to look at a worldwide index. If you only want one ETF then you want all the countries. Covered call strategies are great for extra income but if you want long term growth use a non-covered call type.