News & Commentary

Latest News & Daily Commentary

SPDR S&P Retail ETF & NASDAQ Biotech Index

In this week’s issue of Equity Leaders Weekly, we take a look at the activity US retail stocks is telling us about expectations for the upcoming round of retailer earnings, as well as what could be causing the recent weakness seen in the Biotechnology sector.

Union Pacific (UNP)

A major breakout is underway for railroad company Union Pacific (UNP) with the shares blasting through $190.00 to a new all-time high, completing a bullish Ascending Triangle pattern and signaling the start of a new upleg. Next potential upside resistance appears near the $200 round number.

Magna International (MG.TO)

A big breakout is underway in Auto parts producer Magna (MG.TO) this week with the shares clearing $65.00 and snapping a downtrend line. Next potential upside resistance tests on trend appear near $74.00 then the previous peak near $82.50.

Dow Inc. (DOW)

Chemical producer Dow Inc.’s shares are bumping up against the top of a $39.00 to $45.00 trading range. Higher lows indicate continuing underlying accumulation and a breakout would signal the start of a new upleg. Next potential upside resistance is near the $50.00 round number.

Daily Stock Report – Fedex Corp. (FDX)

Since snapping out of a downtrend in July, Fedex (FDX) shares have continued to steadily advance, driving through previous points of resistance on its way toward $183.50.

Daily Stock Report – Badger Daylighting (BAD.TO)

Building on a recent breakout over $30.00 which completed a bullish Double Top and signaled the start of a new upleg, Badger Daylighting (BAD.TO) has continued to climb, advancing on $36.00.

Dow Jones Transportation Average & USD/CAD

In this week’s issue of Equity Leaders Weekly, we take a look at the implications of recent declines in USDCAD, and at the Dow Jones Transportation Average as an indicator of market breadth.

Daily Stock Report – Mastercard (MA)

MasterCard (MA) staged a major breakout yesterday after spending July in a consolidation phase. The recovery trend has resumed this month with the shares completing a bullish Double Top pattern and advancing on $328.00. Next potential resistance appears at the February peak near the $350.00 round number.

Daily Stock Report – The Mosaic Company (MOS)

Fertilizer producer The Mosaic Company (MOS) gapped up yesterday after reporting earnings and confirmed the completion of an Ascending Triangle base. With the start of a new uptrend and the $14.00 breakout point becoming new support, shares have rallied to test their 200-day average near $15.75.

Daily Stock Report – Texas Instruments (TXN)

Since bottoming out in March, Texas Instruments (TXN) has completed a bullish double top pattern and has broken out to a new all-time high confirming that its underlying accumulation trend has resumed.

Daily Stock Report – Celestica (CLS.TO)

Celestica (CLS.TO) has staged a double breakout this week, first clearing $10.25 to complete a bullish Ascending Triangle pattern, and then clearing $11.00 to snap out of a long-term downtrend.

Gold & Russell 2000 Index

Although major central banks did not introduce any new money at their meetings this past month, they all indicated support towards continuing their current asset purchase programs if needed. In this week’s issue of Equity Leaders Weekly, we look at the recent breakout of Gold to new all time highs and recent gains in the Russell 2000 Index.

Daily Stock Report – Gap Inc. (GPS)

Gap (GPS) shares staged a major breakout yesterday, blasting through the top of a $10.00 to $14.00 trading range and also completing a bullish Ascending Triangle pattern.

Daily Stock Report – Intertape Polymer Group Inc. (ITP.TO)

Accumulation in Intertape Polymer Group (ITP.TO) has accelerated this month with the shares blasting up out of a symmetrical consolidation triangle, completing a bullish Triple Top and snapping out of a long-term downtrend.

Daily Stock Report – Weyerhauser (WY)

US forest products giant Weyerhauser (WY) has been trending back upward since March, with breakouts over $25.00 and the 50-day average. Next potential resistance appears between the $30.00 round number and the previous high near $31.00.

SIACharts featured in Wealth Professional Magazine

Wealth Professional magazine’s recent interview with SIACharts and President Paul Kornfeld.

Daily Stock Report – Interfor (IFP.TO)

Forest products producer Interfor (IFP.TO) shares recently snapped a long-term downtrend and established higher support near $14.00. Shares continue to climb toward the top of the Green Favored Zone in the SIA S&P/TSX Composite Index report.

Daily Stock Report – Whirlpool Corp (WHR)

Whirlpool (WHR) shares have been steadily rebounding since March and continue to climb this week, breaking out over $150 and snapping a long-term downtrend resistance line.

SIACharts Equity Leaders Weekly

In this week’s issue of Equity Leaders Weekly, we look at this week’s Silver price rally and recent gains in the Canadian S&P/TSX Index.

Daily Stock Report – Advanced Micro Devices Inc. (AMD)

A major breakout is underway in Advanced Micro Devices (AMD) this week with the shares blasting through the top of a $48.00 to $60.00 trading range to a new all-time high.

Daily Stock Report – Abiomed (ABMD)

Since bottoming out in March, Abiomed (ABMD) shares have been under strong accumulation, establishing an uptrend of higher lows, advancing from near $130 toward $300 with only one 3-box correction along the way.

Daily Stock Report – Twitter Inc. (TWTR)

Twitter (TWTR) shares staged a major breakout yesterday, clearing $36.00 and snapping a downtrend resistance line dating back to last September.

Daily Stock Report – PulteGroup Inc. (PHM)

PulteGroup (PHM) staged a major breakout last week clearing $36.90 to complete a bullish Quadruple Top pattern and signaling the start of a new advance. Next potential upside resistance appears in the $46.80 to $48.70 zone.

Daily Stock Report – L Brands Inc. (LB)

L Brands (LB) has resumed its recovery trend following a trading correction. This week, the shares gapped up through their 200-day average and have continued to climb, indicating increased investor interest.

SIACharts Equity Leaders Weekly

It has been another constructive week for equity markets around the world as the breadth of the current recovery continues to expand. Highlighted this week is the S&P 100 Index and the BMO India Equity Index ETF.

Daily Stock Report – Hanesbrands Inc. (HBI)

The recovery trend in Hanesbrands (HBI) continues to accelerate with yesterday’s 14.2% gain which completed a bullish Spread Double Top pattern and signaled the start of a new upleg.

DAILY STOCK REPORT – ALIGN TECHNOLOGY INC. (ALGN)

Since bottoming out in March, shares have been steadily recovering with higher lows on trend and a series of bullish Double Top breakouts indicating renewed accumulation.

DAILY STOCK REPORT – TECK RESOURCES LTD. (TECK.B)

TECK.B resumes recovery trend and completes a bullish Double Top pattern on its way back up above $15.00.

Daily Stock Report – Carrier Global Corp. (CARR)

Carrier Global Corp. shares bottomed out near $13.00, and since then, they have been under steady accumulation.

Daily Stock Report – Fortinet Inc. (FTNT)

Cybersecurity software producer Fortinet (FTNT) has been a mainstay within the Green Favored Zone of the SIA S&P 500 Index Report since November.

Equity Leaders Weekly – DAX.F and CL.F

DAX Continuous Contract (DAX.F) and Crude Oil Continuous Contract (CL.F)

New Website Released!

SIACharts has released a new website!

SIACharts featured in Wealth Professional Magazine

Wealth Professional magazine’s recent interview with SIACharts and President Paul Kornfeld.

New Website Released!

SIACharts has released a new website!

Union Pacific (UNP)

A major breakout is underway for railroad company Union Pacific (UNP) with the shares blasting through $190.00 to a new all-time high, completing a bullish Ascending Triangle pattern and signaling the start of a new upleg. Next potential upside resistance appears near the $200 round number.

Magna International (MG.TO)

A big breakout is underway in Auto parts producer Magna (MG.TO) this week with the shares clearing $65.00 and snapping a downtrend line. Next potential upside resistance tests on trend appear near $74.00 then the previous peak near $82.50.

Dow Inc. (DOW)

Chemical producer Dow Inc.’s shares are bumping up against the top of a $39.00 to $45.00 trading range. Higher lows indicate continuing underlying accumulation and a breakout would signal the start of a new upleg. Next potential upside resistance is near the $50.00 round number.

Daily Stock Report – Fedex Corp. (FDX)

Since snapping out of a downtrend in July, Fedex (FDX) shares have continued to steadily advance, driving through previous points of resistance on its way toward $183.50.

Daily Stock Report – Badger Daylighting (BAD.TO)

Building on a recent breakout over $30.00 which completed a bullish Double Top and signaled the start of a new upleg, Badger Daylighting (BAD.TO) has continued to climb, advancing on $36.00.

Daily Stock Report – Mastercard (MA)

MasterCard (MA) staged a major breakout yesterday after spending July in a consolidation phase. The recovery trend has resumed this month with the shares completing a bullish Double Top pattern and advancing on $328.00. Next potential resistance appears at the February peak near the $350.00 round number.

Daily Stock Report – The Mosaic Company (MOS)

Fertilizer producer The Mosaic Company (MOS) gapped up yesterday after reporting earnings and confirmed the completion of an Ascending Triangle base. With the start of a new uptrend and the $14.00 breakout point becoming new support, shares have rallied to test their 200-day average near $15.75.

Daily Stock Report – Texas Instruments (TXN)

Since bottoming out in March, Texas Instruments (TXN) has completed a bullish double top pattern and has broken out to a new all-time high confirming that its underlying accumulation trend has resumed.

Daily Stock Report – Celestica (CLS.TO)

Celestica (CLS.TO) has staged a double breakout this week, first clearing $10.25 to complete a bullish Ascending Triangle pattern, and then clearing $11.00 to snap out of a long-term downtrend.

Daily Stock Report – Gap Inc. (GPS)

Gap (GPS) shares staged a major breakout yesterday, blasting through the top of a $10.00 to $14.00 trading range and also completing a bullish Ascending Triangle pattern.

Daily Stock Report – Intertape Polymer Group Inc. (ITP.TO)

Accumulation in Intertape Polymer Group (ITP.TO) has accelerated this month with the shares blasting up out of a symmetrical consolidation triangle, completing a bullish Triple Top and snapping out of a long-term downtrend.

Daily Stock Report – Weyerhauser (WY)

US forest products giant Weyerhauser (WY) has been trending back upward since March, with breakouts over $25.00 and the 50-day average. Next potential resistance appears between the $30.00 round number and the previous high near $31.00.

Daily Stock Report – Interfor (IFP.TO)

Forest products producer Interfor (IFP.TO) shares recently snapped a long-term downtrend and established higher support near $14.00. Shares continue to climb toward the top of the Green Favored Zone in the SIA S&P/TSX Composite Index report.

Daily Stock Report – Whirlpool Corp (WHR)

Whirlpool (WHR) shares have been steadily rebounding since March and continue to climb this week, breaking out over $150 and snapping a long-term downtrend resistance line.

Daily Stock Report – Advanced Micro Devices Inc. (AMD)

A major breakout is underway in Advanced Micro Devices (AMD) this week with the shares blasting through the top of a $48.00 to $60.00 trading range to a new all-time high.

Daily Stock Report – Abiomed (ABMD)

Since bottoming out in March, Abiomed (ABMD) shares have been under strong accumulation, establishing an uptrend of higher lows, advancing from near $130 toward $300 with only one 3-box correction along the way.

Daily Stock Report – Twitter Inc. (TWTR)

Twitter (TWTR) shares staged a major breakout yesterday, clearing $36.00 and snapping a downtrend resistance line dating back to last September.

Daily Stock Report – PulteGroup Inc. (PHM)

PulteGroup (PHM) staged a major breakout last week clearing $36.90 to complete a bullish Quadruple Top pattern and signaling the start of a new advance. Next potential upside resistance appears in the $46.80 to $48.70 zone.

Daily Stock Report – L Brands Inc. (LB)

L Brands (LB) has resumed its recovery trend following a trading correction. This week, the shares gapped up through their 200-day average and have continued to climb, indicating increased investor interest.

Daily Stock Report – Hanesbrands Inc. (HBI)

The recovery trend in Hanesbrands (HBI) continues to accelerate with yesterday’s 14.2% gain which completed a bullish Spread Double Top pattern and signaled the start of a new upleg.

DAILY STOCK REPORT – ALIGN TECHNOLOGY INC. (ALGN)

Since bottoming out in March, shares have been steadily recovering with higher lows on trend and a series of bullish Double Top breakouts indicating renewed accumulation.

DAILY STOCK REPORT – TECK RESOURCES LTD. (TECK.B)

TECK.B resumes recovery trend and completes a bullish Double Top pattern on its way back up above $15.00.

Daily Stock Report – Carrier Global Corp. (CARR)

Carrier Global Corp. shares bottomed out near $13.00, and since then, they have been under steady accumulation.

Daily Stock Report – Fortinet Inc. (FTNT)

Cybersecurity software producer Fortinet (FTNT) has been a mainstay within the Green Favored Zone of the SIA S&P 500 Index Report since November.

SPDR S&P Retail ETF & NASDAQ Biotech Index

In this week’s issue of Equity Leaders Weekly, we take a look at the activity US retail stocks is telling us about expectations for the upcoming round of retailer earnings, as well as what could be causing the recent weakness seen in the Biotechnology sector.

Dow Jones Transportation Average & USD/CAD

In this week’s issue of Equity Leaders Weekly, we take a look at the implications of recent declines in USDCAD, and at the Dow Jones Transportation Average as an indicator of market breadth.

Gold & Russell 2000 Index

Although major central banks did not introduce any new money at their meetings this past month, they all indicated support towards continuing their current asset purchase programs if needed. In this week’s issue of Equity Leaders Weekly, we look at the recent breakout of Gold to new all time highs and recent gains in the Russell 2000 Index.

SIACharts Equity Leaders Weekly

In this week’s issue of Equity Leaders Weekly, we look at this week’s Silver price rally and recent gains in the Canadian S&P/TSX Index.

SIACharts Equity Leaders Weekly

It has been another constructive week for equity markets around the world as the breadth of the current recovery continues to expand. Highlighted this week is the S&P 100 Index and the BMO India Equity Index ETF.

Equity Leaders Weekly – DAX.F and CL.F

DAX Continuous Contract (DAX.F) and Crude Oil Continuous Contract (CL.F)

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