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Restaurant Brands International (QSR.TO) has been in the Red Unfavored Zone since the beginning of April and is currently in 40th place. Since entering the Red Unfavored Zone, the shares are down 4.5% vs. 1.9% for the S&P/TSX Composite Index, as QSR’s candlestick chart completes a Bearish Descending Triangle.


A year-long uptrend in MDA Space (MDA.TO) appears to have ended for now. Last month, MDA.TO broke out by one row then rolled over and turned downward, a classic Bull Trap peak. Since then, the shares have come under distribution with a bearish Double Bottom breakdown signaling the start of a new downswing.

BMO MSCI Emerging Markets ETF (ZEM.TO) & iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO)

Equity markets, particularly in the US have extended their recent gains to new all-time highs but it’s increasingly starting to feel like bulls are grasping at straws to keep the party going. To illustrate this battle, in this edition of Equity Leaders Weekly, we look recent weakness in the Technology sector and developments in China sensitive markets, which underpins this new leadership.


Back in February, Disney climbed up out of the Red Unfavored Zone of the SIA S&P 100 Index Report, moving back into the yellow zone for the first time in three years. The shares were unable, however, to continue their trend up into the green zone. In recent weeks, their relative strength has weakened again and DIS has tumbled back down into the Red Unfavored Zone.


Methanex Corp. (MX.TO) returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since March of 2023. In the last month, the shares have rallied 10.2% compared with a gain of 1.6% for the Index.


DoorDash (DASH) had an impressive start to its life as a public company, staging big rallies in the summer of 2023 and again between November and April. It now appears, however, that a correction has started with a recent bearish Double Bottom breakdown signaling the start of a retreat.


In recent weeks, SLF.TO has started to show signs of peaking. Back in April, a rally stopped short of $75.00 and since then, a new downtrend of lower highs has emerged. On Friday the shares staged a bearish Double Bottom breakdown, signaling the start of a new downswing.


A major breakout is underway with Nextera Energy (NEE). In the last month alone, NEE has climbed 34 spots to 44th place of the SIA S&P 100 Index report, including a gain of 6 positions yesterday. NEE is up 14.1% in the last month, compared with a gain of only 0.7% for the Index.


Since Kinross Gold Corp. (K.TO) was last featured in the Daily Stock Report (DSR), its shares have rallied 16.4%, compared with a gain of only 0.3% for the S&P/TSX Composite Index, and a gain of 3.2% in the price of Gold over the same period. In today’s (DSR) we provide an update to this investment.


Cameco Corp.’s (CCO.TO) breakout to a new all-time high, indicates that the winter correction has ended and its long-term uptrend has resumed.

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