We were seeing an extended cycle for the autos. Now we are seeing some erosion in sales. We are almost at the support level. It looks like we are in a head and shoulders pattern. He would not look at it.

Just came out of its bankruptcy. You should not hold a stock for the special dividend because when it is declared, the stock adjusts. It is the end of the seasonal period for metals and mining stocks. We should be very cautious with this stock.

It has a seasonal period from March to Mid-June, then from September to December. He has trimmed back his position because it is not working in this seasonal period. Fundamentals are not driving it. Wait until next September. This ETF suffers from erosion.

The chemical companies have not performed well, partly due to trade negotiations. We have seen a collapse. We have broken the support level and have just finished the seasonal period for material stocks including chemicals. This is not the time to own it.

It has really consolidated. We are above the support level but not doing very much. It has a lot to do with China trade negotiations. Look to exit.

They should be cautious before raising the dividend. There is a lot going on in the oil patch in Canada. It consolidated and then there was a downturn and it is still in a consolidation phase. May 9 is the end of the seasonal period for it so there will be more consolidation for the sector at this point. There is nothing wrong with it but he would wait on it.

We saw a breaking of the trend line. The risk is a lot of what is happening in Europe. It is a great, well run company, but now it has reached far too high. This is not a good time to get into it. Wait for the $1000 level.