Nutrien is once again approaching the $80 resistance level, a long-standing ceiling in place since 2023. Recent gains and a rising SMAX score suggest growing momentum, though confirmation through relative strength leadership is still pending.
Nutrien is once again approaching the $80 resistance level, a long-standing ceiling in place since 2023. Recent gains and a rising SMAX score suggest growing momentum, though confirmation through relative strength leadership is still pending.
As markets navigate mixed macro signals, sector rotation remains a key theme. This report highlights the top-performing sectors year-to-date, identifies emerging momentum leaders, and flags early reversal signals in underperforming areas. For financial advisors, understanding these shifts is essential for positioning client portfolios in an evolving landscape.
Chinese equities advanced, while U.S. indices declined. Mainland China and Hong Kong posted gains even as headlines focused on tariffs and delisting threats, while the S&P 500 and Dow Jones Industrial Average retreated, with the latter pressured by index-heavyweight UnitedHealth. In this update, we review the latest Point and Figure developments for both indices, highlighting key support and resistance levels in the context of ongoing relative weakness.
In this week’s edition of the Equity Leaders Weekly, we will take a look at the one month performance of the various Global Markets and dig deep into the SIA International ADR Model
ERO Copper (ERO.TO) has dropped from over $32 to around $19, now in the SIA Unfavored zone with a low SMAX score of 0, signaling near-term weakness. The copper sector is facing challenges, with several leaders, including ERO.TO and III.TO, showing declines, and YTD returns for the subsector under pressure. Hudbay Minerals (HBM.TO) continues to lead in the SIA Copper Matrix with strong YTD gains, though it faces resistance at $12.95 and support at $11.96 to $9.14.
Tesla Inc. (TSLA) one of the stocks that fell out of the so-called “Magnificent Seven” over the first half of this year, has been on the rebound lately. Recent price gains have enabled Tesla to climb up out of the red zone in the SIA S&P 100 Index and move back up into the Yellow Neutral Zone for the first time since last October. Currently, Tesla is in 35th place, up 18 spots yesterday and up 26 positions over the last month.
Today, we are going to look at Dollarama Inc. DOL.TO finished in 43rd position, up 3 spots on the day and up 46 places in the last month in the SIA TSX Composite Index. Over the last month, the shares are up 13.33%, compared with a decline of -1.14% for the TSX Composite Index.
Today we are going to look at Goeasy Ltd. GSY.TO finished in 31st position in the SIA TSX Composite Index, up 3 spots on the day and up 11 places in the last month. Over the last month, the shares are up 10.45%, compared with a decline of -2.04% for the TSX Composite Index.
Despite news of a positive US retail sales report on Monday, US retailers have been struggling on a relative basis for some time. Home Depot (HD) for example, failed in its latest attempt to return to the green zone in the SIA S&P 100 Index Report for the first time in over two years. Home Depot is currently only three spots away from a return to the red zone for the first time since December. Over the latest month, HD shares have fallen by 10.3%, a much steeper falloff than the 0.9% dip made by the benchmark S&P 100 Index.
Semiconductor stocks started the year off strong and were one of the top performing groups for the first part of the year. In recent weeks, capital has started to rotate out into other sectors and relative outperformance has been eroded. For some chipmakers relative performance has also weakened relative to other stocks in the group.
Advanced Micro Devices (AMD), for example, started to slide down the rankings in the SIA S&P 100 Index Report about a month ago. Starting from near the top of the relative strength rankings, it fell out of the green zone earlier this month. Since then, AMD has fallen down through most of the Yellow Neutral Zone, and it is currently only a few spots away from dropping into the red zone. AMD is currently in 50th place, down 45 spots in the last month.
AMD was in the green zone between November and April, over which time it returned 46.2%, compared with a gain of 18.0% for the S&P 100 Index over the same period. Since leaving the green zone earlier this month, AMD has lost 3.3%, while the S&P 100 Index has lost 1.1%.
Receive a daily newsletter with stock highlights, ETF rankings, weekly market focus and others.