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Market. The TSX has gone through a bit of a hard time this year, but we’ve broken out from the short term downward trend line, and currently are making decent progress. Charts indicate we should be going upwards, so a bullish conclusion is reasonable. The S&P is a very good upward trend without a broken channel this year. We are now in the early stage of a new bull phase, which argues for the TSX to outperform S&P, but there is no sign the S&P is slowing down. Going into 2018, the Canadian economy has its work cut out for it, as well as having to deal with the NAFTA negotiations.

Chart shows there has been a bit of a downtrend over the years, but starting in March of this year, it had a very, very healthy breakout. It is currently at the highest point it has reached in 5 years, which means it will probably go even higher. If he had to pick an exit point, it would probably $20 or $21, but it is really too early to say. If you own, keep riding the uptrend, and use a 10% Trailing Stop.

On a shorter-term chart, the stock is doing quite well, a gentle but up channel. There has been 2.5 years of overhead supply, and we have about 2 years of uptrend, so a good portion of overhead supply should have been digested, although the upside will be somewhat limited. It should still stay in a gentle up channel.

The stock hadn't done much for a long, long time. It’s finally broken out and making some progress. Chart shows a developing channel of higher highs and higher lows. If you own, you have to be patient. Quite likely, too many people were too bullish for too long. The market takes time to digest.

Gold. The price broke through $1300 today. Would this be a real break out, or just some year-end adjustment? Would you use the commodity or a stock ETF to give the maximum torque? A 5-year chart shows a saucer formation. Most importantly 2016 was the year of the strong US$. When the US$ is strong, there should be downward pressure on the price of gold. For gold to be able to do well in that scenario, it means the Bear market is now done, and we are on a gentle rising bull market. However, you need to be patient. The best way to own gold is to own a good, Canadian, gold mining company.

Chart shows a very nice up channel. Look for slight yields on RSI readings to buy. Make sure the stock is at the lower end of the Up channel on a weekly chart, and at the same time have a look at the daily chart for any short-term signals, either confirming or refuting the conclusion.

The chart shows the stock hasn't gone anywhere, but just sideways, since July. You are best off to wait until it breaks out of the channel.

(A Top Pick Oct 20/17. Down 13%.) Sold this, because revenues have been coming off and the costs are rising. One of the short-term catalysts was Sears going bankrupt, and putting their mattresses on fire sale.

(A Top Pick Oct 20/17. Down 8%.) He still likes this. It’s in the printing business, printing flyers for different retailers. They also print the Globe and Mail and the Toronto Star. Investing in this thesis is called "last man standing". Everybody is gone and they have the lion's share of the market. They are also into online packaging. Currently the stock is at the bottom of an up channel, and the stock has been quite healthy. If the stock goes below $22, he will probably Sell.

(A Top Pick Oct 20/17. Up 2%.) He still likes this. This is IT consulting, and in today's technology heavy world, medium size or smaller businesses find it more challenging every day, to manage the IT side of things. The technology is so sophisticated and the costs are so high, they tend to farm it out, and this company is in the sweet spot in a very, very desirable space.

Chart shows a big decline from early 2014, with a very nice break out in early 2016. It is currently doing some consolidation. However, it’s taken too long for the stock to be still trading in the low $30s. If the chart was bullish, the stock should be much higher. It is still going sideways in the low $30s. He doubts it will go much higher in 2018, and will probably go sideways on the either side of $30. If you see it at $33 or $34, that would be a good place to sell your holdings.

Chart shows a down channel running from mid-2016. This stock has gone nowhere in 5 years, and is one of the yield stocks. Everybody loves yield. Feels REITs like this are facing a lot of headwinds considering the growth of online shopping and the challenges facing retailers. The Canadian economy only grew 0.2% in the last 4 months. The danger is that the down channel continues and you could be making lower highs and lower lows. If you own, he would advise getting out.

Cd$ VS US$? His forecast for 2018 is that the Cdn$ will be weaker than the US$. In the last few days, the Cdn$ has been rising, but into very thin year end trading. There may be some short-term strength, but the overall big, big picture is still a slower Canadian economy. We have NAFTA negotiations; the US Federal Reserve will raise rates and the Bank of Canada has to give more thought to raising rates.

Chart shows a bunch of lower highs. The group of sellers are accepting lower and lower prices and are willing to sell. The buyers are sticking to a certain price (about $3.75 or $4) and are not willing to step up. Sellers are getting more aggressive and buyers are not. If he owned, he would be selling.

Chart shows a fairly decent up channel from early 2016. The question is, will we break above the old high. Because the up channel is so well-established, he thinks there is a decent chance of breaking out above the old highs. The last 2 days of price declines are still way above the middle of the up-channel. This is a buying opportunity.