N/A
Market. He thinks we are still in a long term secular bull market into the mid to late 2020s. We could see lower before we go higher in the current correction. We had two corrective phases in this market, 2011 and, 2015. In both cases it was currency revaluations. It could end up being a 20% correction that we are in now. He thinks there will be further choppiness in the month or two ahead. In looking for a bottom he wants to see the VIX hit a pretty high level. He wants to see pretty significant drops with a higher close and higher volume on a day.
WATCH
He likes this name. It scores really high in terms of value right now. He recently added it to one of his thematic lists. It's trying to bottom. There will be further choppiness ahead. He likes the basing pattern that is forming.
WATCH
It is one of the higher quality names in the copper space. There will be choppiness ahead in the short term until we find the low and then it is positioned well to move higher.
BUY
CP-T vs. CNR-T.. They will trade in tandem. CNR has $100 as an entry point. CP-T should be bought at $250 or $225. There will be a consolidation period for a couple of months so you can pick away at the names. CP-T has taken over leadership in terms of relative performance.
BUY
CP-T vs. CNR-T. They will trade in tandem. CNR has $100 as an entry point. CP-T should be bought at $250 or $225. There will be a consolidation period for a couple of months so you can pick away at the names. CP-T has taken over leadership in terms of relative performance.
WATCH
We are likely to touch the support level over the next couple of weeks. It is one of the best stocks in the financials.
HOLD
They just pulled off a huge acquisition in the US. If we can close above the $20 level then there should be a bigger shift underway and the stock is improving. There was a short term base forming over the last couple of days. If we close below the lows of the last couple of days then you should reduce exposure. Wait before you buy it.
WAIT
Over the last little while lumber stocks have begun to deteriorate. He removed it from his watch list earlier. It is trying to put in a short term low and then he sees a short term bounce. There will be heavy choppiness over the next little while.
BUY ON WEAKNESS
Cannabis. Momentum was stalling in September. There is a short term bounce but there will be choppiness in the short term. He would pick away at these names during this period. The longer term trend is up.
COMMENT
REITs have performed pretty well here. This is going to be a choppy period. It is a safe haven for portfolio managers to hide in. He prefers others such as AP.UN-T or REI.UN-T.
WATCH
It has been in a downtrend since 2016. He recommended clients add exposure two months ago. He likes the longer term trend break on ABX-T. The price action is positive. If we get above the April to July highs, that would be very strong and positive to support further upside.
PAST TOP PICK
(A Top Pick Aug 21/18, Down 2%) It is one of the leadership names in the TSX but he is watching it closely for signs of a reset. You could reduce your exposure on this one. It has lost its leadership.
PAST TOP PICK
(A Top Pick Aug 21/18, Down 7%) The market is under pressure and he is looking for it to turn around. He continues to recommend it.
PAST TOP PICK
(A Top Pick Aug 21/18, Down 4%) He likes the move from this little base pattern to higher highs. He thinks there will be additional choppiness in the near term.
COMMENT
We are seeing a new secular uptrend in 10 years bonds. It will put pressure on bond proxies like EMA-T. If your time is more than 3-6 months then okay, but if longer then look at something with pricing power like telcos or REITs.