Nuvista Energy Ltd NUVSF

TSX & SPX markets are in trading range

[Indicator]

TSX should be a buy again at 18500 +/-
SPX should be a buy again at 4150 +/-
Currently they are both rolling over.

Oil is risky guesswork bet with so many moving parts, I am on sideline again.
NatGas creating some unhappy traders so far this Fall.

5%+ sitting in fixed income is my sleep at night play until we break out of these ranges.

[Carjack]

Mid to low 11's would make me jump back in

[Sugaree]

Hey Indicator, been  along time, hope all is well. What instruments do you trade for TSX and SPX, ETF's? If so, which you like best?

[Indicator]

Hey Sugaree .... long time no see. FWIW ... in a nutshell: - 1st, I look at general markets for overall sentiment and market direction - $SPX and $TSX - Then I look at sectors showing strength or weakness and when I see why ... - I pick my spots within the most quality names within the most promising sectors. I don;t buy and sell the indexes or broad market ETF's Lately I've been

[Sugaree]

Gotcha, so you figure wait for those indexes to get down to those numbers, and then stock pick best looking sectors and best stocks within them.  What covered call funds you like? I will do some research.

[Indicator]

No guarantees the markets will fully co-operate within technical trading ranges, so the macro view is always just a guide based on history and current psychology.  $hit loads of covered call ETF's ranging from 3% to 15% yields these days for various sectors: https://www.investopedia.com/covered-call-etfs-7975323 I hold some from the following: HAMILTON Covered Call ETF's https

[Sugaree]

Thanks for the info. I think O&G is going to have a tough go moving forward here. No matter how much cash flow these companies generate, seems multiple factors drag down the sector.