SELL

Seasonally, retail tends to do well from late-October to November, and the sector did do well. But TGT didn't, not a good sign. Underperforming. Retail is also strong from late-January to mid-April.

WAIT
Natural gas.

Two strong periods for natural gas:  September to mid- or late December, and March - June. Spot price of nat gas has increased. Note that nat gas tends to perform poorly in the last half of December, because US companies get taxed on inventory, so they sell it down as much as possible.

He'd wait for the next seasonal period to get in, and that's March.

TRADE

You only want to use this as a short-term vehicle for a seasonal trade. Not a buy-and-hold.

Disclosure:  He works for Global X (formerly Horizons).

WAIT

Contains some natural gas, which tends to be weaker at this time. He'd wait till March on seasonality alone. Looking at the technicals it's moving around a lot, being driven by news. That makes the technicals challenging. Not a large-cap. Trending down, might base out.

SELL ON STRENGTH
Finally above water.

Hasn't done much in 2024 relative to the market. General malaise with US and Canadian telecoms. Lots of people buy it for the dividend. Seasonally, not the right time. Will probably hang in here, meandering. Doesn't see big gains.

BUY

Focused on uranium, where seasonality is strong from September-January. Lots of volatility. Performed well, then pulled back, did well. Doing better than others in the space. Favourable in medium- and long-term.

Lots of positive announcements in the sector, but the stocks have not responded because all the focus is still on tech, not on commodities.

BUY

When you buy these, you're saying you want less emphasis on the Mag 7 and more on the other companies. You're saying mid-cap stocks are going to do better. At this point, he'd say the mid-cap sector is preferred. He's bullish on small caps in the shorter term, and mid-caps also benefit in that environment.

BUY

When you buy these, you're saying you want less emphasis on the Mag 7 and more on the other companies. You're saying mid-cap stocks are going to do better. At this point, he'd say the mid-cap sector is preferred. He's bullish on small caps in the shorter term, and mid-caps also benefit in that environment.

BUY
Telus vs. BCE

Whole space hasn't done well. He'd focus on Telus, better growth potential. Painful decline is now at least basing.

BCE is close to reaching a bottom and should do OK. 

HOLD
BCE vs. Telus

Whole space hasn't done well. He'd focus on Telus, better growth potential. Painful decline is now at least basing.

BCE is close to reaching a bottom and should do OK. 

WAIT
CNQ vs. XOM

Oil price is low, OPEC is extending cuts. Expectations of a slower economy impacts demand. May also see challenges if Trump encourages oil production. The challenges are showing up in the oil stocks. 

Chart shows a breakdown, negative profile. He'd hold off for both. Next seasonally strong time is February, perhaps late January. At that time, he'd prefer CNQ.

DON'T BUY
XOM vs. CNQ

Oil price is low, OPEC is extending cuts. Expectations of a slower economy impacts demand. May also see challenges if Trump encourages oil production. The challenges are showing up in the oil stocks. 

CNQ chart shows a breakdown, negative profile. He'd hold off for both. Next seasonally strong time is February, perhaps late January. At that time, he'd prefer CNQ.

TOP PICK

Sector is performing well. Small pullback from October to November, which is good as it sets up a rally. Tech starts to perform well at this time of year into January, seeing some momentum, can do well for the next few months. Rising bottoms, a very positive pattern. Breaking out from the previous level. That all shows an ascending triangle.

TOP PICK

Gold got a strong bump up this year (driven by central bank buying), now pulled back a bit. Central banks are continuing to buy, but we haven't seen a lot of interest in gold from investors yet. Gold could pick up, some hot money could start to move in at some point in 2025. Gold will probably have another good year next year. Interest rates coming down would help gold move higher. Strong seasonal period from December into January/February.

Disclosure:  He works for Global X (formerly Horizons).

TOP PICK

Lagged last 2 years, now starting to see some improvement. Positives include Trump being domestic-focused, and tariffs helping the small caps. Earnings growth hasn't been strong in small caps, but could do quite well in a risk-on environment.