BUY
We're now beyond seasonality (Aug.2-Nov.11), but Visa has done really well. Payment companies won't go out of style. It's enjoyed higher-highs and -lows. Visa will benefit from holiday shopping. A good time now.
DON'T BUY
Pipelines are defensive and their seasonality is summer, June 8-August 31. Since 2017, IPL has been in a declining trend. At least you collect a 7.6% dividend.
BUY
Jan.7 optimal buy date. April 18 optimal sell date. CNR has held up very well during this correction. It has an uptrend trend, with resistance at $118. It's still above its 200-day moving average. The low price of oil can pressure its business.
COMMENT
The 200-day chart of the S&P 500 We're beyond the high-growth phase in the economy and now in a moderating phase. There are still higher-highs and -lows, but momentum is flagging. We're not facing a recession tomrorow, but we are definitely in the late stage of the economy.
COMMENT
It's high a slightly declining trend channel since 2017, with moderately lower-lows and -highs. It had a huge run-up in late-2017--a bull flag pattern. It boils down to a $10 move above the flag portion
PAST TOP PICK
(A Top Pick Aug 31/18, Down 6%) Seasonally, it's Sept.23-Jan.3, so there's still some runway, a little past the hurricane season, but this year it's been caught in the wider correction. That said, it's performed better than the wider market. It's holding support at $59. He's concerned that it's resisting at a double top. He exited. Maybe he will return in the future.
PAST TOP PICK
(A Top Pick Aug 31/18, Down 3%) Seasonally, it's late-August through November. It rises then because of the seasonal decline in the oil price. JETS is down only 3% vs. the overall market of 10%, so it's really benefitted from the plunge in oil.
PAST TOP PICK
(A Top Pick Aug 31/18, Up 0.4%) Yields 2.15%. As he raised cash before seaonal volatility in September and October, he parked that cash here. As the market plunged, he was 50% cash in August.
TOP PICK
Healthcare has performed phenomally this year, avoiding cyclical breakdowns found in other sectors. Seasonally, it's Nov.24-Feb.14. Aging demographics help, but really pushes this are all the healthcare conferences at the start of the year. These stocks run up till then.
TOP PICK
He's bullish U.S. housing. This ETF has risen this week, while the market has fallen. Seasonally, it's Oct. 28 - Feb. 5 because it's the run-up to homebuying in the spring. Investors are pricing in lowering interest rates, because it has been penalized by the threat of higher rates.
TOP PICK
He loves tech which has been punished, because the fundamentals remain strong. The last durable-goods order report stated 20% above average growth for computers and related products. Phenomenal growth historically. Seasonally, it's Dec. 22 - March 13. (Analysts’ price target is $87.74)