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2025 is the Year of the Snake. Interestingly, there have been a lot of market corrections in the Year of the Snake, including 1929. 

Looking at a chart of the DJIA going back to 1884, you can see a trend channel. Basically you get to the top of the channel, and it regresses to either the bottom or somewhere in the middle. In math courses you learn that there's an average, and you can get offside to the upside of the average, or offside to the downside. In the end, the average is right up the middle. You regress, or pull back, to that average. 

Since the big correction in 2009, we've been averaging ~15% annualized. Prior to that, it was a 10% annualized return on the Dow. In particular, since 2017 returns have been way outside what's normal. Therefore we should, at some point, see a correction. That's his overarching thesis.

US and Canadian banks have similar patterns. He's been trading the banks and is now almost entirely out, down to ~1% banks. Looking at the TSX bank index, you can see that the old high back in 2022 is being tested. All the momentum indicators show that everything got overbought, and we're hitting old resistance. Seasonal period for banks ends right around the end of December.

So he doesn't favour the banks right now, due to seasonal and technical reasons and not fundamentals.

When you see a stock or market that's been going down, and then the momentum indicators pick up, it's called positive divergence. The opposite, price momentum slowing down, is a bad thing.

Not a bad sign. On a 5-year chart, you can see somewhat of a floor in the low $120s. It's bounced off that. Is there potential? Yes, that bounce plus positive divergence gives you potential to perhaps reach the top of that trading range (+/- $240). 

Definitely volume on this name. Note that the recent move is parabolic. So you want to look at the stock over its 200-day MA; don't want to see much more than 15%. 15-20% over the 200-day is getting into overbought territory.

Up is good and down is bad, but when you see this kind of an up, expect a pullback. So you draw a new trendline, and the stock will probably retrace close to (if not actually right to) it. A reasonable retracement level might be $110-120, but this is not an iron-clad prediction. Overall trend is up, doesn't see a problem with the chart.

Energy stocks are in a holding pattern, and this one is typical. Take a look at the 3-year chart. In a trading range, but looks to be cracking support and that's a danger. Technically, he'd be a bit concerned.

Lots of stuff has pulled back in the past week or so. Markets are just now coming to the end of the so-called "Santa Claus" rally, which is supposed to be the last 2 weeks in December and first 2 trading days of the new year. Anything can happen in that period. The market's overbought status may become more exposed as we go forward.

The latest move on the chart is parabolic, it's moved too high. Draw a simple trendline, and you can see that it's way off. Also look at the 200-day MA, and if it's 15+% over, you know it's overbought. Highly likely to pull back. 

Though he would need his more sophisticated office software to be super-accurate, he could see it easily falling to $200-210.

He's starting to leg into oil, one toe at a time. An approach he'd recommend for the whole sector.

Bought a 2% position not long ago. May be breaking support, so that's the tough part. Seasonality is February/March, so may not see a lot of good activity in the patch until the new year. As long as the trendline holds, without too much aggressive breaking of it, he'd stay with it.

No, because a lot of that is quick, intraday stuff. The larger crowd, and bigger money (pensions, big institutions), has a longer-term outlook for a stock. They're the big market movers. He uses technical analysis to analyze patterns to determine their outlook for a stock. He can also look at the big-order trading by those players compared to the retail orders -- "smart money vs. dumb money".

He wouldn't spend a lot of time worrying about all the black-box programs, they really just add volume. They absolutely affect your buys and sells, but they don't affect the longer-term trend.

In an uptrend, not parabolic. Right now, it's making a normal pullback to a trendline. Good-looking stock.

Recent pullback along with the market. Support around $10.50, which it is approaching. Unless that breaks materially (more than just a few cents, and more than just a few days), stay with it. You get your dividend, and chart looks fine.

He allows a stock to go through support for a few days. Those are called spikes or tails. But if you see it bounce off of support, give it a few days and it can actually become a buy. In that case, it's proven that it's holding support.

If you're looking at a weekly chart (because he's a mid-term trader), you want a series of higher highs and higher lows. That's an uptrend. When you see a lower high and a lower low and a break at the 200-day MA, on either the market or your stock, you get out. That's the most important rule. 

If it's the market that's broken, you don't necessarily throw everything out, but you raise 30-40% cash by peeling off positions. This gives you all kinds of cash to buy cheap when the market starts moving up again. This system lets you reduce risk and make profits.

(Note the short timeframe.)
His target was $31, and it hit that. He got about 60% of his holding offloaded at that level. His only bank with about a 1% position. Holding for the nice dividend, expecting an eventual bounce off $28 level.

(Note the short timeframe.)
Seasonal time for tech, so he's going to keep holding as long as a massive bear doesn't come along. Doesn't have a lot of risk, as he knows exactly where he'd sell it. If it falls below the breakout point, he'll starting paring back. Has only a 2-3% position.