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Yes. That's a technical question, so we look at all the indicators. If you look at what we've seen from about December 2023 to now, we're seeing a rolling top. Typical this time of year. Every January, we always get a bit of a soft spot, especially after the Santa Claus rally. Gets soft into the end of January, so it's not something to worry about too much. 

This year, because it's an election year, it's going to be a little bit bigger.

When we have an election year, the downside softness in January expands to mid-March. He's expecting markets to be lumpy and up/down, a "washing machine" effect. When you look at the fundamentals, you get a lot of election noise. Once all the news is digested, the chart resumes its upward excitement about the coming election.

When you add that to the economics such as Canada's PPI coming out hotter than expected yesterday, upcoming US PPI, and global central bank actions, there are a lot of moving parts until about mid-March. He thinks we're going to have a lot of US election surprises, hopefully to the good with less political hostility.

He'd never say sell RY. Great to hold long term. If we're going to get granular, hit a bit of a lull around $135. Probably will see interest again around $126. Hold. If you don't own any, the best one to buy a starter position in today.

He compares all the sectors on a short-term and long-term basis. On a relative basis, financials had crept up to #4 out of 18 areas he looks at in the Canadian market. Last couple of weeks they've come down to #8 short term, but they remain #3 for the long term. Interest rate rise will probably cause a few hiccups, along with concerns on real estate, so banks won't do much in the short term.

Cup-and-handle is quite a positive pattern. Once you get a breakout, you get quite a nice move, usually the measured depth of the cup. $150 is the underside of the previous range. Core consumer/tech stock. He'd buy today. If you're concerned, by 1/2 position now, rest later.

Industrials aren't too topical right now. Stock's been in a range for a couple of years, which is usually a positive sign. He'd be comfortable buying in the range, or if it spent more time above $36. Like tipping a Coke machine, sometimes it needs a couple of heaves to get it up through the price level.

Volatile sector. Energy is #18 of 18 short term, #8 long term. Lots of undervaluation in the sector. Decent dividend. Stable chart. Plays into the slower-paced move to sustainable energy, creating a bid under the energy sector.

He just bought. Decent moves of late. Can be a frustrating stock because of spiking costs, labour unrest. Barrier to entry favours them. Rest of the year looks positive.