A significant breakout is underway in Shopify (SHOP.TO) shares. Last month, a downswing in the shares was contained by an underlying longer-term uptrend support line. Since then, the shares have been recovering and this week they cleared $1,600 on an uptick in volume, indicating renewed accumulation and confirming the start of a new upswing.
Equity markets continue to grind their way sideways. With summer approaching and corporate news in between earnings seasons, investors appear to be marking time waiting for the next big catalyst to appear. In this issue of Equity Leaders Weekly, we explore differences in investor sentiment within equities with a look at the US homebuilding sectors and at emerging markets.
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