Winning Strategies for a Falling Market - You're Doing It Wrong If...

Hello everyone .

Welcome to Friday morning .

I hope everyone's had a wonderful week .

It's been very profitable for those of you that have been along the Bay ETF S this week .

And that looks like it's going to continue on Friday .

Currently , the dow futures are down another just under 200 points .

Uh Looking at the Vix , uh the Vix made a new high , new closing high yesterday looking like it's going to break out and make a higher high on Friday .

Things would change on Friday if we closed below $15.10 we only had a couple of major trend changes this week .

But for the most part , things have been going in the previous direction , whether you're looking at the US dollar , it moved up again yesterday .

So the trend is still intact .

Bonds continued to move lower on Thursday .

Yields continue to move higher .

The price of gold continued to move lower on Thursday , crude oil has pulled back and is on a cell signal .

We are looking at resistance up here and it looks like it couldn't break out and make higher highs .

We also saw a natural gas pull back .

So that has very little to do with what happened to the TSX this week .

You look at the TSX 60 .

We made a new low .

Yesterday .

We moved up and filled the open gap and then pulled back fairly quickly .

And that had a lot more to do with financials and bank stocks than the energy sector .

And certainly the miners have been down this week as well .

If you've been following us , we've talked about the fact that the Bank of Nova Scotia looked like it was the weakest on the way up and it is the strongest on the way down .

And so the weakest stock has been taken to the woodshed as opposed to the strongest bank stock which has barely uh fallen so far .

So shorting the TD Bank , not a good thing .

Shorting Bank in Nova Scotia has been a good thing .

So what uh worked on the way up is also working on the way down .

Uh Looking at the dow the S and P 500 the NASDAQ and the semiconductors , they all made new lows on Thursday .

So no change in trend there .

And then looking at commodity stocks , the Canadian energy sector is still holding up .

The US energy sector saw some weakness on Wednesday , generating a new cell signal and then a move up on Thursday .

So the market still loves energy stocks .

Certainly when you compare those to anything technology related and then gold stocks , gold stocks have been on a cell signal since July .

And that continues on Thursday where we made a lower low .

Now , if you're not playing the Barry ETF S right now .

Well , shame on you .

Anybody who's done a one on one tutorial with me .

I've walked through the importance of having a balanced portfolio .

So it's two X ETF S in Canada , three X ETF S in the US .

And they are working well at the moment .

Ok .

That's all I wanted to cover this morning .

Uh The webinar we did the other day .

I'm editing that video .

It'll probably be out by the end of the day .

Uh But otherwise , uh looking for lower stock prices and higher prices for our bare ETF S on Friday .

Enjoy the rest of the day , enjoy your weekend .

Next time you'll hear my voice is on Sunday .