Post by
Indicator on Nov 08, 2023 11:55am
TSX & SPX markets are in trading range
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.
Comment by
Carjack on Nov 08, 2023 12:11pm
Mid to low 11's would make me jump back in
Comment by
Sugaree on Nov 08, 2023 12:18pm
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?
Comment by
Sugaree on Nov 08, 2023 1:10pm
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.
Comment by
Sugaree on Nov 08, 2023 7:01pm
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.