News & Commentary

Latest News & Daily Commentary

Tourmaline Oil Corp. (TOU.TO)

This five-year weekly chart highlights the strength of the current recovery trend in Tourmaline Oil* (TOU.TO) shares. Since snapping out of a long-term downtrend in the spring of 2020, the shares have been steadily advancing, establishing a steady uptrend of higher lows. This week, the shares have broken out over $27.00, to their highest level since early 2017, completing another bullish Ascending Triangle pattern and signaling the start of a new upleg.

FedEx Corp. (FDX)

Following an initial correction, the shares of FedEx (FDX) have come under renewed accumulation with higher lows between $235 and $295, forming a bullish Ascending Triangle. This week, the shares have completed the triangle, breaking out to a new all-time high above $300 and signaling a new advance has commenced.

Imperial Oil Ltd. (IMO.TO)

Since we last mentioned Imperial Oil (IMO.TO) in the March 12th edition of the Daily Stock Report, the shares are up 10.7%, including a 4.8% gain on Friday after the energy producer reported improved earnings and raised its dividend. The shares continue to climb within the Green Favored Zone of the SIA S&P/TSX 60 Index Reports rising 2 spots on Friday to 3rd place.

Extreme Networks Inc. (EXTR)

Computer network equipment producer Extreme Networks (EXTR) continues to climb within the Green Favored Zone of the SIA S&P 600 SmallCap Index Report, as it rebounds from a brief drop into the yellow zone. Yesterday, the shares finished in 13th place, up 21 spots on the day and up 189 places in the last month.

Freeport McMoRan Inc. – (FCX)

A major breakout is underway in Freeport McMoRan (FCX) shares this week. For the last two months, the shares have been consolidating previous gains between $29.00 and $39.00. Through this time, except for one breakdown attempt which was quickly rejected, the shares underlying uptrend of higher lows continued. Yesterday’s all-time high close above $39.00 completed a bullish Ascending Triangle pattern, signaling the start of a new upleg.

NASDAQ Composite Index (NASD.I) & United States/Canadian Dollar (USDCAD)

The coming week brings another flurry of results from companies on both sides of the border, with a particular focus on the energy, pharmaceutical, insurance, movie theatre, ride-sharing, travel, automotive, and forest products sectors. The turn of the month also brings a number of key economic reports including Manufacturing and Service PMI surveys from around the world and North American employment reports. In this issue of Equity Leaders Weekly, we look at recent strength in the NASDAQ Composite and in the Canadian Dollar.

United Parcel Service Inc. – (UPS)

United Parcel Service (UPS) shares staged a major breakout yesterday. A breakaway gap over $180.00 to a new all-time high on volume signaled that an eight-month consolidation phase between $155.00 and $175.00 has come to an end and a new advance has started with accumulation resuming.

First Quantum Minerals Ltd. (FM.TO)

The technical picture for First Quantum Minerals (FM.TO) continues to turn increasingly bullish. A month ago, a pullback in the shares ended in a bullish Morning Star pattern (leftmost circle) where the shares gapped down, bottomed out with a hammer candle, then gapped back up, signaling a shift in sentiment. The shares then staged a breakaway gap to the upside (center circle) which snapped a downtrend line and regained the 50-day average. After successfully retesting the 50-day average as support twice, the shares launched upward yesterday, breaking through $28.50 to complete a bullish Ascending Triangle pattern.

Carrier Global Corp – (CARR)

After being spun out of United Technologies just over a year ago, Carrier Global (CARR) shares steadily advanced for eight months until reaching $40.00 in early November. The shares then spent four months consolidating their initial gains between $34.00 and $42.00 which was not unusual. In the last month, the shares have resumed their upward course, steadily building on a breakout over $42.00 and advancing to new highs.

Laurentian Bank (LB.TO)

Laurentian Bank (LB.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since 2015 and only the second time since 2008. Yesterday, the shares finished in 45th place, up 9 spots on the day and up 13 spots in the last month. Since November, Laurentian Bank (LB.TO) shares have been recovering in a step pattern of rallies in increased volume, followed by periods of consolidation at higher levels, a sign of renewed accumulation. Earlier this year, the shares snapped out of a long-term downtrend. This week, LB.TO has launched up off of $40.00, on volume, clearing a long-term support/resistance/round number hurdle, and signaling the start of a new upleg.

iShares MSCI ACWI Ex US Index Fund (ACWX) & Gold Continuous Contract (GC.F)

The first week of earnings season has been somewhat odd. Overall, initial results have been coming in significantly stronger than expected, but the reaction has been somewhat mixed. In this issue of Equity Leaders Weekly, we look at resurgences in International Equities and in the price of Gold.

Intuitive Surgical Inc. – (ISRG)

A major breakout is underway in Intuitive Surgical (ISRG) shares. Over the last month, the shares have been climbing within a $680 to $825 trading range and this week they have broken out to a new high on increased volume indicating increased attention from investors and signaling the start of a new upleg within a year-long uptrend.

Labrador Iron Ore Royalty Co. – (LIF.TO)

Base metal miner Labrador Iron Ore (LIF.TO) has consistently been in the Green Favored Zone of the SIA S&P/TSX Composite Index Report since October. Yesterday the shares climbed 3 spots to 14th place. By the time overall markets crashed in the winter of 2020, Labrador Iron Ore (LIF.TO) had already been trending downward for six months. The major market plunge accelerated the decline and since both bottomed out, Labrador shares have been steadily recovering.

Mullen Group Ltd. (MTL.TO)

Trucker Mullen Group (MTL.TO) continues to march upward within the Green Favored Zone of the SIA S&P/TSX Composite Index Report. Yesterday, the shares finished in 12th place, up 10 spots on the day and up 20 spots over the last month. Based on previous peaks, initial upside resistance appears near $15.00 and then $16.50. Initial support appears at the $13.50 recent breakout point.

Canadian Tire Corp. (CTC.A.TO)

Canadian Tire* (CTC.A.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX 60 Index Report. Last week’s major breakout through the top of a $160-$180 channel to a new all-time high, not only signals the start of a new upleg, it continues a trend of positive technical signals that have emerged over the last year including breaking through its 50-day average a year ago, snapping a downtrend last October, then clearing $160 to claw back all its bear market losses and retesting it as new support between November and now.

Nvidia Corp. (NVDA)

So far this month, chipmaker Nvidia (NVDA) has climbed up from the red zone into the Green Favored Zone of the SIA S&P 100 Index Report. Yesterday the shares finished in 16th place, up 6 spots on the day and up 55 spots in the last month. Shares have staged a major breakout this week, decisively blasting through the top of a six-month trading range to a new all-time high on increased volume. This move signals that a six-month sideways consolidation trend is over and a new uptrend is underway.

NASDAQ Composite Index (NASD.I) & iShares US Financials ETF (IYF)

While investors have been patiently waiting for the start of earnings season, equities have continued to be well supported. Just about every day in the last week, one or both of the Dow Jones Industrial Average or the S&P 500 has closed at an all-time record, while the NASDAQ Composite has started to rebound from a late winter correction. In this issue of Equity Leaders Weekly, we look at recent action in the NASDAQ Composite Index and the iShares US Financials ETF for insights into the state of investor sentiment.

Wells Fargo & Co. (WFC)

Wells Fargo (WFC) has just returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since the end of 2014. The shares climbed 6 spots yesterday on a 5.8% rally after the bank reported earnings and are up 29 spots in the last month.

TSLA Inc. (TSLA)

Green vehicle producer Tesla (TSLA) continues to climb its way back up the rankings in the SIA S&P 100 Index Report, returning to the Green Favored Zone from recent dips into the red and yellow zones. Yesterday it moved up 18 spots to 7th place. At the start of this month, shares snapped a downtrend line, indicating accumulation was resuming, and yesterday, they confirmed that an upswing is underway with a decisive breakout on an uptick in volume over the $700 round number, which completed a bullish Ascending Triangle base.

Gildan Activewear Inc. (GIL.TO)

Athletic clothing producer Gildan Activewear* (GIL.TO) has been in the Green Favored Zone of the SIA S&P/TSX 60 Index Report since August. Yesterday it climbed 3 spots to 7th place. Since bottoming out a year ago, shares have been under accumulation, steadily advancing in a rising channel of higher highs and higher lows. The shares recently confirmed this uptrend continues by staging a major breakout over $40.00, a key round number which has acted as both support and resistance over the last three years.

Westshore Terminals (WTE.TO)

Westshore Terminals (WTE.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since late 2018. On Friday, the shares finished in 50th place up 2 spots on the day and up 26 places in the last month.

Lightspeed POS (LSPD.TO)

A recent correction in Lightspeed POS (LSPD.TO) shares appears to have run its course, with the shares rallying up off of a successful retest of $72.00, snapping a short-term downtrend line, regaining $90.00 and challenging a recent high near $92.00. LSPD.TO recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report yesterday finishing in 30th place, up 16 spots on the day and up 102 spots over the last month.

Canfor Corp. (CFP.TO)

Forest products producer Canfor (CFP.TO) has been climbing again within the Green Favored Zone of the SIA S&P/TSX Composite Index Report. Yesterday the shares finished in 25th place, up 15 spots on the day and up 28 spots over the last week.

VanEck Vectors Steel Index ETF (SLX) & Global X Uranium ETF (URA)

It’s a relatively quiet week for equity markets in what could be the calm before the storm as investors mark time waiting for the start of earnings season which kicks off next Wednesday-Thursday with results from several big banks and brokerages in the US, plus some of Canada’s media companies. In this issue of Equity Leaders Weekly, we take a look at two commodity markets which don’t usually attract attention from investors but have started to recently, steel and uranium.

Interfor Corp. (IFP.TO)

Forest products producer Interfor* (IFP.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report from a brief dip into the yellow zone. Yesterday the shares moved to 15th place, up 5 spots on the day and up 54 spots over the last month.

Quanta Services Inc. (PWR)

Electric infrastructure builder Quanta Services (PWR) has been in the Green Favored Zone of the SIA S&P 500 Index Report since August. In recent weeks, Quanta has been climbing up the rankings, yesterday it rose back up to 17th place, up 4 spots on the day and up 29 spots over the last month.

Lam Research (LRCX)

With semiconductor stocks attracting renewed interest last week, Lam Research jumped 91 spots on Thursday, returning to the Green Favored Zone of the SIA S&P 500 Index Report from a brief dip into the yellow zone. Shares blasted through $600.00 on Friday completing a bullish Ascending Triangle pattern ending a consolidation phase and signaling the start of a new advance.

S&P/TSX Capped Real Estate Index (TTRE.I) & iShares PHLX Semiconductor ETF (SOXX)

A flurry of news is due over the next few days including more manufacturing PMI reports today. US nonfarm payrolls come out on tomorrow’s Good Friday holiday so their impact may influence trading more on Monday, and service PMI reports are due early next week. Earnings season doesn’t start for another couple of weeks, but we are into confession season which has been quiet so far. In this issue of Equity Leaders Weekly, we take a look at two sectors which have been on the rebound lately, real estate and semiconductors.

DXC Technology Co. (DXC)

IT service provider DXC Technology (DXC) has returned to the Green Favored Zone of the SIA S&P 500 Index Report from a brief dip into the yellow zone. The shares finished yesterday in 88th place, up 20 spots on the day and up 130 spots in the last month.

Pultegroup Inc. (PHM)

Since we last mentioned homebuilder PulteGroup (PHM) back in July, the shares have climbed from $37.30 to $52.75, a gain of 41.4%. Shares have climbed back up toward the top of the Yellow Neutral Zone in the SIA S&P 500 Index Report and in 137th place, are 10 spots away from a return to the Green Zone. Boosted by a gain of 9.1% in the last week, the shares climbed 7 spots yesterday and have moved up 52 places in the last month.

The Kraft Heinz Co. (KHC)

Packaged foods producer Kraft Heinz (KHC) recently returned to the Green Favored Zone of the SIA NASDAQ 100 Index Report for the first time since November of 2016. The shares rose 3 spots yesterday to 16th place and are up 37 spots in the last month.

GFL Environmental Inc. (GFL.TO)

Since it was added in December, GFL Environmental (GFL.TO) has consistently been in the Green Favored Zone of the SIA S&P/TSX Composite Index Report. On Friday, it finished in 16th place, up 5 spots on the day and up 28 spots in the last month.

Lowes Companies Inc. (LOW)

Home improvement retailer Lowes Companies (LOW) has rebounded from a brief trip down into the red zone and returned to the Green Favored Zone of the SIA S&P 100 Index Report yesterday for the first time since October. The shares finished yesterday in 25th place, up 2 spots on the day and up 12 spots over the last month.

Prudential Financial Inc. – (PRU)

With gains of 5 spots yesterday and 44 spots in the last month, insurer Prudential Financial (PRU) has returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since the summer of 2017. Currently the shares are trading near $90.00 with initial resistance possible at the top of a previous $70.00 to $95.00 trading range,

Russell 2000 Index (RLS.I) vs. S&P 100 Index (OEX.I) & Crude Oil Continuous Contract (CL.F)

In this issue of Equity Leaders Weekly, we look at the relationship between small cap and large cap stocks as an indicator of market sentiment, and at recent swings in the price of crude oil as a proxy for commodities and their implications for interest rates and equity markets.

Brookfield Property Partners LP (BPY.UN.TO)

Since we last mentioned diversified REIT Brookfield Property Partners* (BPY.UN.TO), the shares have climbed 30.0%. Yesterday, after being one of the few senior North American stocks to post a gain on the day, BPY.UN remained within the Green Favored Zone of the SIA S&P/TSX 60 Index Report, as it has been since October, moving up 2 spots to 7th place.

Bank of Montreal (BMO.TO)

Bank of Montreal (BMO) has climbed back up into the Green Favored Zone of the SIA S&P/TSX 60 Index Report after rising two spots in the relative strength ranking yesterday to 12th place. Shares have been under accumulation since bottoming out nearly a year ago, stringing together a series of positive technical signals.

Nucor Corp. (NUE)

Steelmaker Nucor (NUE) recently returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since early 2017. The shares finished Friday in 96th place, up 18 spots on the day and up 159 spots over the last month.

US Bancorp (USB)

US Bancorp (USB) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since 2012. The shares recently overtook their 2017 peak and finished yesterday in 25th place, up 1 spot on the day and up 28 spots over the last month. Since completing a bullish Ascending Triangle breakout back in November, US Bancorp (USB) shares have been under increased accumulation, as shown by the steepening of their uptrend support line. Last month, the shares broke out over $50.00 and yesterday they cleared $55.00 to confirm that their current uptrend continues.

Sector Scopes March 2021 & iShares US Home Construction ETF (ITB)

Some of the fear that gripped certain equity market sectors appears to have eased over the last few days. Although the rise in traded interest rates which rattled some traders earlier this month has continued, statements from central bankers in recent days have indicated that they expect inflation to remain contained, and their current stimulus programs to continue at current levels in North America and to increase in Europe. In this issue of Equity Leaders Weekly, we take a look at what the Sector Scopes feature in SIA Charts is telling us about investor confidence and capital rotation between equity market sectors, and at a recent breakout by the homebuilding sector.

Dow Inc. (DOW)

Chemical producer Dow Inc. (DOW) has consistently been in the Green Favored Zone of the SIA S&P 100 Index Report since June, and is currently on the rise once again. Yesterday the shares finished in 12th place, up 2 spots on the day and up 13 spots over the last month. Since we last mentioned DOW in the August 11th edition of the Daily Stock Report, the shares have climbed 47.3%.

Intertape Polymer Group Inc. (ITP.TO)

Since we last mentioned Intertape Polymer Group (ITP.TO) in the November 18th edition of the Daily Stock Report, the shares have climbed 48.0%, and have remained within the Green Favored Zone of the SIA S&P/TSX Composite Index Report. Yesterday the shares finished in 6th place, up 1 spot on the day and up 47 spots over the last month.

United Airlines Inc. (UAL)

Bouncing back from a brief dip into the red zone, Boeing (BA) recently returned to the Green Favored Zone of the SIA S&P 500 Index Report and continues to climb up the rankings. The shares finished yesterday in 36th place, up 30 spots on the day and up 242 spots over the last month, boosted by an 8.2% gain in the share price. Shares continue to accelerate to the upside this week, gapping up toward $60.00 as they build on last month’s big breakout over $50.00, which completed a large, bullish, Ascending Triangle base and signaled the start of a new uptrend.

Boeing Company (BA)

Recovering from a brief dip into the red zone, Boeing (BA) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time in about two months. The shares finished Friday in 21st place, up 11 spots on the day and up 45 spots over the last month.

Imperial Oil Ltd. (IMO.TO)

Integrated oil producer Imperial Oil (IMO.TO) continues to climb within the Green Favored Zone of the SIA S&P/TSX 60 Index Report. The shares finished yesterday in 8th place, up 2 spots on the day and up 8 spots over the last month. Back in the fall, Imperial Oil (IMO.TO) completed a bullish Ascending Triangle Base with a breakout over $25.00, and then consolidated its gains for a few weeks retesting the breakout point and its 50-day average.

BMO Equal Weight Oil & Gas ETF (ZEO.TO) & Select Sector SPDR Technology ETF (XLK)

Trading action across equity markets has been choppy this week as investors grapple with the implications of increased speculation that the easy money party of the last year could start to wind down, and what a potentially reopening economy over the next 6-9 months could mean for the relative outlook of varying sectors. In this issue of Equity Leaders Weekly, we look at energy and technology ETFs as indicators of changing relative strength and tactical capital rotation between sectors as leadership changes.

Air Canada (AC.TO)

Benefitting from renewed interest in airlines, Air Canada (AC.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report and continues its climb up the rankings which started down in the red zone. The shares finished yesterday in 24th place, up 8 spots on the day and up 118 spots over the last month.

Altus Group Limited (AIF.TO)

Altus Group (AIF.TO) a provider of software and consulting services to the commercial real estate industry, returned to the Green Favored Zone of the SIA S&P/TSX Composite Index report yesterday for the first time since November. The share finished yesterday in 46th place, up 11 spots on the day and up 120 spots over the last month.

Schlumberger Ltd. (SLB)

Since we last mentioned oilfield service provider Schlumberger (SLB) in the November 21st issue of the Daily Stock Report, the shares have gained 37.5%. Their positioning within the SIA S&P 100 Index Report has remained in a sideways to upward trend, recently rising toward the top of the Green Favored Zone. Yesterday the shares finished in 8th place, up 3 spots on the day and up 25 spots in the last month.

Vermilion Energy Inc. (VET.TO)

Vermillion Energy (VET.TO) continues to climb toward the top of the Green Favored Zone in the SIA S&P/TSX Composite Index Report. On Friday it finished in 5th place, up 178 spots over the last month and up 12 spots in the last week. Since they gapped up through their 50-day average back in October, shares have been under renewed accumulation.

Exxon Mobil Corp. (XOM)

Exxon Mobil (XOM) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time in 12 years! It left the green zone in March of 2009 and spent over a decade stuck in the red zone until finally seeing its relative strength improve in a meaningful way earlier this year. Yesterday XOM it finished in 22nd place, up 7 spots on the day and up 37 spots over the last month.

NASDAQ Composite Index (NASD.I) & iShares S&P 500 Growth ETF (IVW) vs. iShares S&P 500 Value ETF (IVE)

It has been a choppy week for equity markets. Earnings season has come to an end, reducing the amount of corporate news out there for investors to consider. Instead, investors have turned their focus to rising traded US interest rates, particularly the 10-year treasury yield climbing above 10%, as a sign that the massive central bank liquidity party may not go on forever. In this week’s issue of Equity Leaders Weekly, we look at yesterday’s downturn in the NASDAQ Composite Index and at a shift in the capital flows between Growth and Value stocks.

Citigroup Inc. (C)

With big banks attracting renewed interest, Citigroup (C) has returned to the Green Favored Zone of the SIA S&P 100 Index Report. Yesterday it finished in 23rd place, up four spots on the day and up 14 spots over the last month.

Spin Master Corp. (TOY.TO)

Toymaker Spin Master (TOY.TO) soared up the rankings in the SIA S&P/TSX Composite Index Report yesterday climbing 123 spots in one day to 31st place. This enabled it to move directly from the red zone to the Green Favored Zone. Stronger than expected online sales sent the shares soaring 23.9% on the day.

Halliburton Co. (HAL)

Oilfield service giant Halliburton Co. (HAL) continues to trend upward within the Green Favored Zone of the SIA S&P 500 Index Report. The shares finished yesterday in 60th place, up 12 spots on the day and up 129 spots over a month. Back in autumn, shares snapped a downtrend line to signal the start of a new recovery trend, then consolidated for a few months in the $17.25 to $22.25 area. Yesterday, a breakout to the upside, completing a bullish Ascending Triangle base signaled the start of a new upleg.

Carnival Corp. (CCL)

Over the course of February, cruse line Carnival Corp (CCL) climbed up from the red zone toward the top of the Green Favored Zone in the SIA S&P 500 Index Report. The shares finished Friday in 25th place, up 4 spots on the day and up 245 spots over a month.

Gildan Activewear Inc. (GIL.TO)

A major breakout is underway in Gildan Activewear* (GIL.TO) shares which broke out over $38.50 to their highest level since September of 2019 yesterday. An uptrend has been underway since the shares bottomed out last March and a downtrend line was snapped last summer near $25.00. GIL.TO remains in the Green Favored Zone of the SIA S&P/TSX 60 Index Report where it has resided since August. Yesterday it moved up 4 spots to 10th place.
*Gildan Activewear is held in portfolios managed by SIA Wealth Management

CBOE Interest Rate 10-Year (TNX.I) & Sugar #11 Continuous Contract (2B2.F)

Overall, stock market indices appear to be regaining their footing from a choppy few days. The last week has seen the tech-sensitive NASDAQ struggle relative to broader indices, while commodities and related stocks have continued to do well. In this week’s issue of Equity Leaders Weekly, we look at the causes and implications of the recent rise in the US 10-year treasury note yield, and at action in the price of sugar as an example of renewed interest in commodities.

American Airlines Group Inc. (AAL)

Since returning to the Green Favored Zone of the SIA S&P 500 Index Report last month, American Airlines (AAL) has continued to ascend in the rankings. In the last month, it has climbed 257 spots to 34th place, including a gain of 10 places yesterday.

Simon Property Group (SPG)

Shopping mall owner Simon Property Group (SPG) has climbed into first place in the SIA S&P 100 Index Report after climbing one spot yesterday and eleven places over the last week. After spending from the fall of 2016 to the spring of 2020 stuck in the red and yellow zones, the shares have been steadily moving up the rankings for about ten months now and have consistently been in the Green Favored Zone since November.

Meg Energy Corp. (MEG.TO)

MEG Energy* (MEG.TO) shares returned to the Green Favored Zone in the SIA S&P/TSX Composite Index Report back in December and have continued to climb up the rankings. In the last month, the shares have moved up 41 spots to 7th place, including a gain of 8 spots yesterday. *Shares of MEG Energy are held in some portfolios managed by SIA Wealth Management.

Hudbay Minerals Inc. (HBM.TO)

Base metal miner Hudbay Minerals (HBM.TO) has been climbing back up toward the top of the Green Favored Zone in the SIA S&P/TSX Composite Index report this month, bouncing back from a brief dip into the yellow zone. The shares have moved up 74 spots last week, including a rise of 16 spots on Friday to 9th place.

The Kraft Heinz Co. (KHC)

This one is a bit different from the stocks we usually look at in the Daily Stock Report. On what was a relatively quiet day in the markets, Kraft Heinz (KHC) staged an aggressive move upward in the rankings of the SIA S&P 500 Index Report, climbing 17 spots in one day to 41st place, up 44 spots from a month ago.

iShares US Energy (IYE) & Gold Continuous Contract (GC.F)

It has been an odd week for world markets, disrupted by Asia Pacific and North American holidays. Although several major North American indices have managed to nudge their way to new all-time highs, there doesn’t appear to be much of a tailwind behind them, perhaps because earnings and economic news flow has subsided for the time being. In this week’s issue of Equity Leaders Weekly, we look current strength in US Energy stocks and at the factors influencing recent weakness in Gold.

Devon Energy Corp. (DVN)

Devon Energy (DVN) entered the Green Favored Zone of the SIA S&P 500 Index Report back in October. In the last few days, it has been climbing within that zone, moving up 13 spots yesterday to 24th place. A major breakout is underway in which shares have gapped up through $20.00 to signal the start of a new upleg. This continues a series of bullish signals this year which started with the shares snapping out of a long-term downtrend on high volume, a sign of renewed investor interest.

ATS Automation Tooling Systems Inc. (ATA.TO)

Since November, ATS Automation Tooling Systems (ATA.TO) has been trending upward within the SIA S&P/TSX Composite Index Report. It recently returned to the Green Favored Zone for the first time since June and continues to climb. Currently in 35th place after rising 9 spots yesterday, the shares have moved up 32 spots in the last month.

Arc Resources Ltd. (ARX.TO)

Energy producer ARC Resources (ARX.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report and continues to rise up the rankings. On Friday it moved up another 10 spots to 28th place and it is up 27 spots in the last month. Accumulation of shares continues with a breakout over $7.40 completing a bullish Double Top, adding to the completion of a bullish Spread Double Top in January and the snapping of a downtrend line back in October.

Nvidia Corp. – (NVDA)

Chipmaker Nvidia (NVDA) has returned to the Green Favored Zone of the SIA S&P 100 Index Report from a brief dip into the yellow zone after climbing 9 spots yesterday to 25th place. Share accumulation in Nvidia (NVDA) has intensified this week, culminating in a major breakout to a new all-time high. Since September, the shares had been trending sideways with lower highs and higher lows forming a Symmetrical Triangle, indicative of a consolidation phase within a larger upward trend.

S&P/TSX Composite Index (TSX.I) & Copper Continuous Contract (HG.F)

Equities and commodities continue to climb, driven by a combination of continuing easy money from central back asset purchases, a new fiscal stimulus package working its way through Congress in the US, combined with continuing vaccine rollouts and falling case counts. In this week’s issue of Equity Leaders Weekly, we look at the S&P/TSX Composite Index and the copper price as examples of recent gains in equity and commodity markets.

Enerplus Corp. (ERF.TO)

Since November, Enerplus (ERF.TO) has been steadily climbing up the rankings in the SIA S&P/TSX Composite Index Report, rising from deep in the red zone and returning to the Green Favored Zone this week. The shares have climbed 49 spots in the last week including 13 yesterday to 12th place.

Hanesbrands Inc. (HBI)

Clothing producer Hanesbrands (HBI) returned to the Green Favored Zone of the SIA S&P 500 Index Report yesterday after a 24.9% one-day jump in the share price in response to earnings sent the shares screaming up 111 spots in the rankings to 18th place. The shares are also up 200 spots in the last month. Accumulation accelerated dramatically yesterday with the shares blasting through $17.50 and taking a run at $20.00 for the first time since 2018 on a big spike in volume.

DR Horton Inc. (DHI)

A classic, textbook breakout is underway for shares of homebuilder DR Horton Inc. (DHI), which recently returned to the Green Favored Zone of the SIA S&P 500 Index Report from a dip down into the red zone and continues to climb up the rankings. In the last month, the shares have moved up 248 places to 68th place, including a gain of 22 spots yesterday.

Under Armour Inc. (UA)

Since returning to the Green Favored Zone of the SIA S&P 500 Index Report back in October, Under Armour (UA) has continued to steadily climb up the rankings. On Friday it moved up another 6 spots to 28th place. After completing a bullish Ascending Triangle base with a breakout over $10.00 back in September, the shares rallied up into the $15.00 to $16.50 range where they had paused for the last few weeks to consolidate gains.

Canada Goose Holdings Inc. (GOOS.TO)

Canada Goose (GOOS.TO) recently returned the Green Favored Zone of the SIA S&P/TSX Composite Index Report from a brief dip into the red zone. Yesterday, on the back of a positive earnings report, the shares soared 22.3%, driving the shares up 30 spots to 15th place.

Crude Oil Continuous Contract (CL.F) & iShares Transportation Average ETF (IYT)

The turn of the month has been particularly choppy for North American markets which retreated into the end of January, bounced back to start February and have stabilized into midweek. In this week’s issue of Equity Leaders Weekly, we take a look at recent strength in the price of crude oil and recent weakness in transport stocks.

Invesco Ltd. (IVZ)

Back in October, asset manager Invesco (IVZ) returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since 2013. Since then, the shares have continued to climb toward the top of the rankings, moving up 2 spots yesterday and 30 spots in the last month to 4th place.

Aurora Cannabis Inc. (ACB.TO)

Aurora Cannabis (ACB.TO) has benefitted lately from a rally in marijuana stocks on speculation that the new Democratic regime in the US could be friendlier to the pot sector. ACB.TO shares recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index report having climbed 175 spots in the last month. Yesterday, a 12.8% rally propelled the share up 30 spots to 25th place.

Cameco Corp. (CCO.TO)

Uranium miner Cameco (CCO.TO) has returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report after climbing 46 spots yesterday. Cameco also moved up 9 spots in the SIA S&P/TSX 60 Index Report to 6th place.

First Majestic Silver Corp. (FR.TO)

Renewed interest in silver stocks last week propelled the shares of silver producer First Majestic Silver Corp. (FR.TO) to a 29.6% gain, driving it up 87 spots in the SIA S&P/TSX Composite Index Report over the week to 5th place near the top of the Green Favored Zone.

American Airlines Group Inc. (AAL)

American Airlines (AAL) has returned to the Green Favored Zone of the SIA S&P 500 Index report after a 9.3% rally off earnings propelled the shares up 141 spots in one day to 85th place. A recovery trend continues to emerge in American Airlines (AAL) shares. Back in November, the shares completed a bullish Ascending Triangle patter with a breakout over $15.00 which has since reversed polarity and been established as current support. Yesterday, the shares rallied up off of $15.00 on volume, a sign of renewed interest.

ISE Global Wind Energy Index (GWE.I) & iShares US Aerospace & Defense ETF (ITA)

In this week’s issue of Equity Leaders Weekly, we look at the impact of the US political changeover on alternative energy companies, and at the impact of political change and new lockdowns on the aerospace sector.

Walgreens Boots Alliance Inc. (WBA)

US drugstore chain Walgreens Boots has jumped up out of the red zone into the Yellow Neutral Zone of the SIA S&P 100 index report, suggesting a rotation into defensive names may be starting. The shares climbed 14 spots yesterday to 41st place and they are up 51 places in the last month.

Canopy Growth Corp. (WEED.TO)

Marijuana producers Canopy Growth (WEED.TO) re-entered the Green Favored Zone of the SIA S&P/TSX 60 Index Report and has continued to climb up the rankings. Yesterday it moved up another two places into top spot.

Hudbay Minerals Inc. (HBM.TO)

Base Metal miner Hudbay Minerals (HBM.TO) dropped out of the green zone of the SIA S&P/TSX Composite Index Report for the first time since June yesterday. The shares now find themselves in the Yellow Neutral Zone after dropping 29 spots in one day and 51 spots over the last month to 59th place. A bearish trend change appears to be underway as back in December shares had become overbought on the RSI indicator at bottom suggesting they were getting due for a pause or a correction, and they encountered resistance near the $10.00 round number just as they had back in early 2019.

Newell Rubbermaid Inc. (NWL)

Household products producer Newell Rubbermaid (NWL) continues to climb within the Green Favored Zone of the SIA S&P 500 Index Report. Currently sitting in 40th place, NWL climbed 6 spots on Friday and is up 47 spots in the last month. A classic recovery breakout is underway since bottoming out with a bounce up off of the $10.00 level, the shares have been under renewed accumulation.

Teck Resources Ltd. (TECK.B.TO)

Base metal miner Teck Resources* (TECK.B.TO) has returned to top spot in the SIA S&P/TSX 60 Index Report. The shares have been in the Green Favored Zone since May. Since bottoming out last March, shares have been under accumulation, steadily recovering lost ground, advancing in a rising channel of higher highs and higher lows. *Shares of Teck Resources are held in portfolios managed by SIA Wealth Management

Horizons Marijuana Life Sciences Index ETF (HMMJ.TO) & Franklin FTSE Mexico ETF (FLMX)

With the change in power in the US completed and the Democrats pushing ahead with their agenda, investors may be anticipating an easier path to more fiscal stimulus in the coming months. In this week’s issue of Equity Leaders Weekly, we look at how the change in power in the US has influenced sentiment toward marijuana stocks and Mexican stocks.

Ford Motor Company (F)

Ford Motor Company’s (F) relative strength has improved dramatically over the last six months, ending a six-year run in the red zone and driving back up into the Green Favored Zone of the SIA S&P 100 Index Report for the first time since 2014. Ford shares continue to climb up the rankings, rising another 9 spots yesterday to 8th place. Since we last mentioned Ford in the October 23rd issue of the Daily Stock Report, the shares have gained 32.2% and continue to climb.

Carmax Inc. (KMX)

A 9.3% gain propelled the shares of used car retailer Carmax (KMX) to a one-day jump of 120 spots in SIA S&P 500 Index to 90th place, returning it to the Green Favored Zone for the first time since October. Yesterday, the shares staged a major breakout, blasting through the $110.00 top of the channel to a new all-time high on increased volume, signaling the start of a new uptrend.

Corus Entertainment Inc. (CJR.B.TO)

Corus Entertainment (CJR.B.TO) is once again on the rise within the Green Favored Zone of the SIA S&P/TSX Composite Index Report. Yesterday the shares moved up 2 spots to 20th place and are up 12 places in the last month. In the latter part of 2020, the shares completed a bullish Ascending Triangle base with a breakout over $4.00. Following a successful retest of the $4.00 breakout point as new support, the shares have accelerated upward, recently snapping a long-term downtrend line to confirm that a new uptrend has commenced.

NFI Group Inc. (NFI.TO)

Since we last mentioned bus producer NFI Group (NFI.TO) December 3rd issue of the Daily Stock Report, a lot has happened. A 55.0% gain for the share price since then has propelled the shares up from 67th place in the SIA S&P/TSX Composite Index Report, to 3rd place, along the way returning to the Green Favored Zone for the first time since May of 2018.

Marathon Oil Corp. (MRO)

With the Energy sector attracting renewed interest this week, Marathon Oil (MRO) has returned to the Green Favored Zone of the SIA S&P500 Index report for the first time since June. The shares climbed 13 spots yesterday and are up 56 places in the last month. A long-term downtrend in Marathon Oil (MRO) shares bottomed out back in March, and since then, a bullish Ascending Triangle base had been forming. Yesterday, the shares completed the bullish triangle base with a breakout over $8.50 which confirms that a new recovery trend has commenced.

BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) & iShares US Financials ETF (IYF)

The last week has been relatively quiet for stock markets around the world, but that could change as the business, economic and political calendars for 2021 all starting to ramp up in earnest over the coming days, particularly after Monday’s US holiday. Starting with today’s Biden speech, investors should start to get an indication of the incoming administration’s priorities in terms of fighting COVID (vaccines/lockdowns/other measures), and in dealing with the economic impact of COVID (continuing or additional fiscal stimulus). In this week’s issue of Equity Leaders Weekly, we focus on recent trends in the Financials and Energy sectors heading into earnings season.

Bausch Health Companies Inc. (BHC.TO)

Specialty and generic pharmaceutical producer Bausch Health (BHC.TO) has returned to the Green Favored Zone of the SIA S&P/TSX 60 Index report for the first time in nearly a year. The shares climbed 11 spots yesterday in response to positive sales guidance to 12th place and have moved up 31 places in the last month.

Nutrien Ltd. (NTR.TO)

Fertilizer producer Nutrien (NTR.TO) returned to the Green Favored Zone of the SIA S&P/TSX 60 Index report for the first time in two years last month and continues to hold steady in that range. Yesterday it moved up one spot to 12th place. This long-term weekly chart highlights the significance of the current advance in Nutrien (NTR.TO) shares. The recent rally up through $67.50 has not only carried the shares to their highest level in over five years, but it also has snapped a long-term downtrend line dating back to the 2008 peak.

TechnipFMC (FTI)

After spending most of the last four years stuck in the red zone, oilfield equipment producer TechnipFMC (FTI) recently returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since February of 2017. Yesterday, FTI moved up another 12 spots to 64th place and it is up 73 spots in the last month. A major breakout is underway after selling off in the early part of the year, the shares spent most of 2020 stuck trading sideways and base building in the $5.00 to $10.00 range. Last week’s breakout over $10.00 completed the base and signaled the start of a new uptrend.

Dupont de Nemours (DD)

Chemical producer DuPont de Nemours (DD) has returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since June of 2018 after climbing 15 spots yesterday and 147 spots in the last month. After spending the summer consolidating after an initial recovery rally, the shares snapped a downtrend line and broke out over $60.00 to signal the start of a new advance. The shares haven’t looked back since then, advancing on $80.00 with recent gains coming on a jump in volumes indicating strengthening accumulation and increased investor interest.

Bank of America Corp. (BAC)

Bank of America (BAC) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since last March after climbing 2 spots yesterday and 54 spots in the last month. Back in November, price snapped out of a down trend with a breakaway gap. The start of a new uptrend was then confirmed in December when the shares completed a bullish Ascending Triangle base with a breakout over $29.00.

Crude Oil Continuous Contract (CL.F) & Platinum Continuous Contract (PL.F)

2021 is off to a generally positive start although two of the three trading days so far have seen significant intraday swings and reversals, to the downside on Monday and then to the upside on Wednesday. In this week’s issue of Equity Leaders Weekly, we focus on action in Commodities, particularly Crude Oil and Platinum.

JPMorgan Chase & CO. (JPM)

After jumping 14 spots yesterday, JPMorgan Chase (JPM) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since last March. Back in November price gapped up through $105.00 on a spike in volume completing a bullish Ascending Triangle base and signaling the start of a new advance.

Cenovus Energy Inc. (CVE.TO)

Cenovus Energy (CVE.TO) continues to climb within the Green Favored Zone of the SIA S&P/TSX 60 Index Report, rising another spot yesterday to 8th place. A major breakout is underway as shares cleared $8.00 for the first time since last March, completing a bullish Ascending Triangle and Cup with Handle technical patterns.

Silvercrest Metals Inc. (SIL.TO)

Silvercrest Metals (SIL.TO) has returned to the Green Favored Zone of its SIA S&P/TSX Composite Index Report for the first time since August after moving up 17 spots yesterday. The shares have climbed 159 places in the last month, driving up out of the red zone. A breakaway gap to a new all-time high has ended six months of consolidation in the $11.00 to $14.50 range with an exclamation mark, signaling the start of a new advance.

Goldman Sachs Group Inc. (GS)

Investment bank Goldman Sachs (GS) capped off 2020 by returning to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since April of 2017. On Thursday it moved up 3 spots to 26th place and it has climbed 39 places in the last month.

Mohawk Industries Inc. (MHK)

Back in November, flooring producer Mohawk Industries (MHK) staged a major breakout, snapping out of a long-term downtrend and completing a bullish Ascending Triangle base with a breakout over $120.00. Shares have been holding steady in the Green Favored Zone of the SIA S&P 500 Index Report, yesterday advancing up 7 spots to 56th place.

Russel Metals Inc. (RUS.TO)

Steel distributor Russell Metals (RUS.TO) has been trending upward in the SIA S&P/TSX Composite Index Report since May when a long-term downtrend bottomed out. Yesterday, RUS.TO returned to the Green Favored Zone for the first time since June of 2018 after climbing 3 spots in one day and 12 spots over the last month.

Apple Inc. (AAPL)

Building on its recent return to the Green Favored Zone in the SIA S&P 100 Index Report, Apple (AAPL) climbed another 5 spots yesterday to 16th place. AAPL has moved up 26 spots in the last month.

Magna International Inc. – (MG.TO)

Auto parts producer Magna International (MG.TO) jumped 8.5% yesterday on the news that it has entered into a deal with LG Electronics to develop electric drive train technology. On this news, the shares rose 12 spots within the Green Favored Zone of the SIA S&P/TSX Composite Index Report to 21st, place, and remained in 3rd place in the SIA S&P/TSX 60 Index Report.

Russell 2000 Index (RLS.I) & Dow Jones Utilities Average (DUX.I)

In this week’s issue of Equity Leaders Weekly, we take a look at what a breakout by the Russell 2000 Index and a breakdown by the Dow Jones Utilities Average are telling us about the current state of investor sentiment.

Nielsen Holdings PLC (NLSN)

Nielsen Holdings PLC (NLSN) operates as a measurement and data analytics company worldwide. Over the last month shares have had a nice move rising over 25% and around 43.5% over the 3 months, but still isn’t positive for 2020 YTD yet which is underperforming the SPX.I by about 15%. NLSN has just moved into the Favored zone in the SIA S&P 500 Report with a ranking of 125th.

Morgan Stanley (MS)

Morgan Stanley currently sits in 6th place in the SIA S&P 100 Index Report near the top of the Green Favored Zone. MS had been building a consolidating range between $60 and $65 over the last month before its breakout out of this channel yesterday.
Next potential resistance on trend appears around $70. Support is at the bottom of this consolidation around $62 and at $56 from past highs earlier this year.

Gildan Activewear (GIL.TO)

We highlighted Gildan Activewear (GIL.TO) in early October when it was trading at $27.92, and since then, it has continued in the Double Top chart pattern in a column of X’s to where it is currently trading at around $35.79. It has now moved up to the resistance highlighted at $37.11, which is also in line with the downwards trend line started from its prior high in 2019.

PayPal Holdings Inc. (PYPL)

PayPal Holdings Inc. (PYPL) has moved up 85 spots over the past week within the S&P 500 Index Report surging to new all time highs. Prior resistance has turned into support around $211 area where a breakout and retest occurred earlier this month when viewing the candle stick chart.

Whitecap Resources Inc. (WCP.TO)

Shares of Calgary based energy company Whitecap Resources Inc. (WCP.TO) have moved up 562% off their March all time low and into continued strength coming from renewed interest in the energy sector. Whitecap currently resides in the #1 spot of the Green Favored Zone within the SIA S&P/TSX Capped Composite Index Report after moving up 25 spots over the past quarter.

High Grade Copper Continuous Contract (HG.F) & S&P 500 Index (SPX.I)

In this week’s issue of Equity Leaders Weekly, we look at the recent strength of Copper and the breadth of the U.S. Equity markets with the S&P 500 Index.

Fedex Corp. (FDX)

The last time we looked at FedEx Corp. (FDX) was on Aug 10th after shares had advanced 17.1% since entering the Favored Zone of the SIA S&P 500 Index report at a price $156.66 on July 1st . Today we see the shares have continued to remain in the Favored Zone with a closing price of $285.73 which now translates to a 82.4% price appreciation since the beginning of July.

Moderna Inc. (MRNA)

Moderna Inc. shares first entered the favored Zone in mid September at approximately $70.00 per share. The shares traded sideways for approximately a month and a half before breaking out to new all-time highs in mid November.

Cameco Corp. (CCO.TO)

Uranium producer Cameco Corp. (CCO.TO) returned to the Green Favored Zone of the SIA S&P/TSX 60 Index Report for the first time since July on Friday. The shares are currently in 11th place after climbing 5 spots on Friday and 49 positions in the last month.

Crescent Point Energy (CPG.TO)

Crescent Point Energy (CPG.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since August. The shares are currently in 35th spot after climbing 10 places yesterday and 94 positions in the last month.

iShares US Telecommunications ETF (IYZ) & iShares NASDAQ Biotechnology ETF (IBB)

In this week’s issue of Equity Leaders Weekly, we look at what recent breakouts in the telecom and biotech sectors are telling us about market breadth and investor confidence.

Western Digital Corp. (WDC)

A major breakout is underway in Western Digital (WDC) shares which recently completed a bullish Ascending Triangle base which has been forming since March with a breakout over $50.00. Next potential upside resistance appears in the $65.00 to $73.00 zone. Initial support moves up to the $50.00 breakout point from $45.00.

Manulife Financial Corp. (MFC.TO)

After climbing 4 spots yesterday and 22 spots in the last month, Manulife Financial (MFC.TO) has climbed up out of the red zone in the SIA S&P/TSX 60 Index report to 16th place, the top of the Yellow Neutral Zone, one spot away from a return to the green zone for the first time since February.

American Airlines Group Inc. (AAL)

After spending all of 2016 through 2019 in the yellow or red zones of the SIA S&P 100 Index Report, American Airlines (AAL) has now returned to the Green Favored Zone for the second time this year. Yesterday, the shares climbed 35 spots to 67th place and they have now ascended 356 spots in the last month.

American Express Co. (AXP)

After climbing 4 spots on Friday and 46 spots in the last month to 22nd place, credit card provider American Express (AXP) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since September of 2019.

Boeing Company (BA)

With the Boeing 737 Max 8 returning to service after being grounded for most of the last two years, Boeing (BA) shares have recently been enjoying their longest stretch in the Green Favored Zone of the SIA S&P 100 Index Report since early 2019. Yesterday, BA climbed another 8 spots in the rankings to 7th place having now climbed 72 spots in the last month.

BMO Equal Weight REITs Index ETF (ZRE.TO) & Lumber Continuous Contract (LB.F)

In this week’s issue of Equity Leaders Weekly, we take a look at the emerging recovery in real estate stocks as an example of previously lagging sectors starting to catch up and at lumber as an example of renewed interest in industrial commodities.

NFI Group Inc. (NFI.TO)

Bus manufacturer NFI Group (NFI.TO) has been climbing up the rankings in the S&P/TSX Composite Index Report having moved up 9 spots yesterday and 91 spots in the last month. Initial upside resistance may appear in the $24.50 to $25.50 zone and Initial support appears near the $19.00 breakout point.

Blackberry Ltd. (BB.TO)

A new partnership with Amazon.com sparked an 18.7% rally in the shares of Blackberry (BB.TO) which jumped 49 spots in the SIA S&P/TSX Composite Report yesterday to 21st place. The shares are also up 148 spots in the last month. Within the report, the shares have returned to the Green Favored Zone for the second time this year after spending most of 2018 and 2019 in the yellow and red zones.

Nutrien Ltd. (NTR.TO)

Fertilizer producer Nutrien Ltd. (NTR.TO) has returned to the Green Favored Zone in the SIA S&P/TSX 60 Index Report for the first time in two years after climbing 4 spots yesterday and 15 spots in the last month to 13th place.

New Website Released!

SIACharts has released a new website!

New Website Released!

SIACharts has released a new website!

Tourmaline Oil Corp. (TOU.TO)

This five-year weekly chart highlights the strength of the current recovery trend in Tourmaline Oil* (TOU.TO) shares. Since snapping out of a long-term downtrend in the spring of 2020, the shares have been steadily advancing, establishing a steady uptrend of higher lows. This week, the shares have broken out over $27.00, to their highest level since early 2017, completing another bullish Ascending Triangle pattern and signaling the start of a new upleg.

FedEx Corp. (FDX)

Following an initial correction, the shares of FedEx (FDX) have come under renewed accumulation with higher lows between $235 and $295, forming a bullish Ascending Triangle. This week, the shares have completed the triangle, breaking out to a new all-time high above $300 and signaling a new advance has commenced.

Imperial Oil Ltd. (IMO.TO)

Since we last mentioned Imperial Oil (IMO.TO) in the March 12th edition of the Daily Stock Report, the shares are up 10.7%, including a 4.8% gain on Friday after the energy producer reported improved earnings and raised its dividend. The shares continue to climb within the Green Favored Zone of the SIA S&P/TSX 60 Index Reports rising 2 spots on Friday to 3rd place.

Extreme Networks Inc. (EXTR)

Computer network equipment producer Extreme Networks (EXTR) continues to climb within the Green Favored Zone of the SIA S&P 600 SmallCap Index Report, as it rebounds from a brief drop into the yellow zone. Yesterday, the shares finished in 13th place, up 21 spots on the day and up 189 places in the last month.

Freeport McMoRan Inc. – (FCX)

A major breakout is underway in Freeport McMoRan (FCX) shares this week. For the last two months, the shares have been consolidating previous gains between $29.00 and $39.00. Through this time, except for one breakdown attempt which was quickly rejected, the shares underlying uptrend of higher lows continued. Yesterday’s all-time high close above $39.00 completed a bullish Ascending Triangle pattern, signaling the start of a new upleg.

United Parcel Service Inc. – (UPS)

United Parcel Service (UPS) shares staged a major breakout yesterday. A breakaway gap over $180.00 to a new all-time high on volume signaled that an eight-month consolidation phase between $155.00 and $175.00 has come to an end and a new advance has started with accumulation resuming.

First Quantum Minerals Ltd. (FM.TO)

The technical picture for First Quantum Minerals (FM.TO) continues to turn increasingly bullish. A month ago, a pullback in the shares ended in a bullish Morning Star pattern (leftmost circle) where the shares gapped down, bottomed out with a hammer candle, then gapped back up, signaling a shift in sentiment. The shares then staged a breakaway gap to the upside (center circle) which snapped a downtrend line and regained the 50-day average. After successfully retesting the 50-day average as support twice, the shares launched upward yesterday, breaking through $28.50 to complete a bullish Ascending Triangle pattern.

Carrier Global Corp – (CARR)

After being spun out of United Technologies just over a year ago, Carrier Global (CARR) shares steadily advanced for eight months until reaching $40.00 in early November. The shares then spent four months consolidating their initial gains between $34.00 and $42.00 which was not unusual. In the last month, the shares have resumed their upward course, steadily building on a breakout over $42.00 and advancing to new highs.

Laurentian Bank (LB.TO)

Laurentian Bank (LB.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since 2015 and only the second time since 2008. Yesterday, the shares finished in 45th place, up 9 spots on the day and up 13 spots in the last month. Since November, Laurentian Bank (LB.TO) shares have been recovering in a step pattern of rallies in increased volume, followed by periods of consolidation at higher levels, a sign of renewed accumulation. Earlier this year, the shares snapped out of a long-term downtrend. This week, LB.TO has launched up off of $40.00, on volume, clearing a long-term support/resistance/round number hurdle, and signaling the start of a new upleg.

Intuitive Surgical Inc. – (ISRG)

A major breakout is underway in Intuitive Surgical (ISRG) shares. Over the last month, the shares have been climbing within a $680 to $825 trading range and this week they have broken out to a new high on increased volume indicating increased attention from investors and signaling the start of a new upleg within a year-long uptrend.

Labrador Iron Ore Royalty Co. – (LIF.TO)

Base metal miner Labrador Iron Ore (LIF.TO) has consistently been in the Green Favored Zone of the SIA S&P/TSX Composite Index Report since October. Yesterday the shares climbed 3 spots to 14th place. By the time overall markets crashed in the winter of 2020, Labrador Iron Ore (LIF.TO) had already been trending downward for six months. The major market plunge accelerated the decline and since both bottomed out, Labrador shares have been steadily recovering.

Mullen Group Ltd. (MTL.TO)

Trucker Mullen Group (MTL.TO) continues to march upward within the Green Favored Zone of the SIA S&P/TSX Composite Index Report. Yesterday, the shares finished in 12th place, up 10 spots on the day and up 20 spots over the last month. Based on previous peaks, initial upside resistance appears near $15.00 and then $16.50. Initial support appears at the $13.50 recent breakout point.

Canadian Tire Corp. (CTC.A.TO)

Canadian Tire* (CTC.A.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX 60 Index Report. Last week’s major breakout through the top of a $160-$180 channel to a new all-time high, not only signals the start of a new upleg, it continues a trend of positive technical signals that have emerged over the last year including breaking through its 50-day average a year ago, snapping a downtrend last October, then clearing $160 to claw back all its bear market losses and retesting it as new support between November and now.

Nvidia Corp. (NVDA)

So far this month, chipmaker Nvidia (NVDA) has climbed up from the red zone into the Green Favored Zone of the SIA S&P 100 Index Report. Yesterday the shares finished in 16th place, up 6 spots on the day and up 55 spots in the last month. Shares have staged a major breakout this week, decisively blasting through the top of a six-month trading range to a new all-time high on increased volume. This move signals that a six-month sideways consolidation trend is over and a new uptrend is underway.

Wells Fargo & Co. (WFC)

Wells Fargo (WFC) has just returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since the end of 2014. The shares climbed 6 spots yesterday on a 5.8% rally after the bank reported earnings and are up 29 spots in the last month.

TSLA Inc. (TSLA)

Green vehicle producer Tesla (TSLA) continues to climb its way back up the rankings in the SIA S&P 100 Index Report, returning to the Green Favored Zone from recent dips into the red and yellow zones. Yesterday it moved up 18 spots to 7th place. At the start of this month, shares snapped a downtrend line, indicating accumulation was resuming, and yesterday, they confirmed that an upswing is underway with a decisive breakout on an uptick in volume over the $700 round number, which completed a bullish Ascending Triangle base.

Gildan Activewear Inc. (GIL.TO)

Athletic clothing producer Gildan Activewear* (GIL.TO) has been in the Green Favored Zone of the SIA S&P/TSX 60 Index Report since August. Yesterday it climbed 3 spots to 7th place. Since bottoming out a year ago, shares have been under accumulation, steadily advancing in a rising channel of higher highs and higher lows. The shares recently confirmed this uptrend continues by staging a major breakout over $40.00, a key round number which has acted as both support and resistance over the last three years.

Westshore Terminals (WTE.TO)

Westshore Terminals (WTE.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since late 2018. On Friday, the shares finished in 50th place up 2 spots on the day and up 26 places in the last month.

Lightspeed POS (LSPD.TO)

A recent correction in Lightspeed POS (LSPD.TO) shares appears to have run its course, with the shares rallying up off of a successful retest of $72.00, snapping a short-term downtrend line, regaining $90.00 and challenging a recent high near $92.00. LSPD.TO recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report yesterday finishing in 30th place, up 16 spots on the day and up 102 spots over the last month.

Canfor Corp. (CFP.TO)

Forest products producer Canfor (CFP.TO) has been climbing again within the Green Favored Zone of the SIA S&P/TSX Composite Index Report. Yesterday the shares finished in 25th place, up 15 spots on the day and up 28 spots over the last week.

Interfor Corp. (IFP.TO)

Forest products producer Interfor* (IFP.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report from a brief dip into the yellow zone. Yesterday the shares moved to 15th place, up 5 spots on the day and up 54 spots over the last month.

Quanta Services Inc. (PWR)

Electric infrastructure builder Quanta Services (PWR) has been in the Green Favored Zone of the SIA S&P 500 Index Report since August. In recent weeks, Quanta has been climbing up the rankings, yesterday it rose back up to 17th place, up 4 spots on the day and up 29 spots over the last month.

Lam Research (LRCX)

With semiconductor stocks attracting renewed interest last week, Lam Research jumped 91 spots on Thursday, returning to the Green Favored Zone of the SIA S&P 500 Index Report from a brief dip into the yellow zone. Shares blasted through $600.00 on Friday completing a bullish Ascending Triangle pattern ending a consolidation phase and signaling the start of a new advance.

DXC Technology Co. (DXC)

IT service provider DXC Technology (DXC) has returned to the Green Favored Zone of the SIA S&P 500 Index Report from a brief dip into the yellow zone. The shares finished yesterday in 88th place, up 20 spots on the day and up 130 spots in the last month.

Pultegroup Inc. (PHM)

Since we last mentioned homebuilder PulteGroup (PHM) back in July, the shares have climbed from $37.30 to $52.75, a gain of 41.4%. Shares have climbed back up toward the top of the Yellow Neutral Zone in the SIA S&P 500 Index Report and in 137th place, are 10 spots away from a return to the Green Zone. Boosted by a gain of 9.1% in the last week, the shares climbed 7 spots yesterday and have moved up 52 places in the last month.

The Kraft Heinz Co. (KHC)

Packaged foods producer Kraft Heinz (KHC) recently returned to the Green Favored Zone of the SIA NASDAQ 100 Index Report for the first time since November of 2016. The shares rose 3 spots yesterday to 16th place and are up 37 spots in the last month.

GFL Environmental Inc. (GFL.TO)

Since it was added in December, GFL Environmental (GFL.TO) has consistently been in the Green Favored Zone of the SIA S&P/TSX Composite Index Report. On Friday, it finished in 16th place, up 5 spots on the day and up 28 spots in the last month.

Lowes Companies Inc. (LOW)

Home improvement retailer Lowes Companies (LOW) has rebounded from a brief trip down into the red zone and returned to the Green Favored Zone of the SIA S&P 100 Index Report yesterday for the first time since October. The shares finished yesterday in 25th place, up 2 spots on the day and up 12 spots over the last month.

Prudential Financial Inc. – (PRU)

With gains of 5 spots yesterday and 44 spots in the last month, insurer Prudential Financial (PRU) has returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since the summer of 2017. Currently the shares are trading near $90.00 with initial resistance possible at the top of a previous $70.00 to $95.00 trading range,

Brookfield Property Partners LP (BPY.UN.TO)

Since we last mentioned diversified REIT Brookfield Property Partners* (BPY.UN.TO), the shares have climbed 30.0%. Yesterday, after being one of the few senior North American stocks to post a gain on the day, BPY.UN remained within the Green Favored Zone of the SIA S&P/TSX 60 Index Report, as it has been since October, moving up 2 spots to 7th place.

Bank of Montreal (BMO.TO)

Bank of Montreal (BMO) has climbed back up into the Green Favored Zone of the SIA S&P/TSX 60 Index Report after rising two spots in the relative strength ranking yesterday to 12th place. Shares have been under accumulation since bottoming out nearly a year ago, stringing together a series of positive technical signals.

Nucor Corp. (NUE)

Steelmaker Nucor (NUE) recently returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since early 2017. The shares finished Friday in 96th place, up 18 spots on the day and up 159 spots over the last month.

US Bancorp (USB)

US Bancorp (USB) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since 2012. The shares recently overtook their 2017 peak and finished yesterday in 25th place, up 1 spot on the day and up 28 spots over the last month. Since completing a bullish Ascending Triangle breakout back in November, US Bancorp (USB) shares have been under increased accumulation, as shown by the steepening of their uptrend support line. Last month, the shares broke out over $50.00 and yesterday they cleared $55.00 to confirm that their current uptrend continues.

Dow Inc. (DOW)

Chemical producer Dow Inc. (DOW) has consistently been in the Green Favored Zone of the SIA S&P 100 Index Report since June, and is currently on the rise once again. Yesterday the shares finished in 12th place, up 2 spots on the day and up 13 spots over the last month. Since we last mentioned DOW in the August 11th edition of the Daily Stock Report, the shares have climbed 47.3%.

Intertape Polymer Group Inc. (ITP.TO)

Since we last mentioned Intertape Polymer Group (ITP.TO) in the November 18th edition of the Daily Stock Report, the shares have climbed 48.0%, and have remained within the Green Favored Zone of the SIA S&P/TSX Composite Index Report. Yesterday the shares finished in 6th place, up 1 spot on the day and up 47 spots over the last month.

United Airlines Inc. (UAL)

Bouncing back from a brief dip into the red zone, Boeing (BA) recently returned to the Green Favored Zone of the SIA S&P 500 Index Report and continues to climb up the rankings. The shares finished yesterday in 36th place, up 30 spots on the day and up 242 spots over the last month, boosted by an 8.2% gain in the share price. Shares continue to accelerate to the upside this week, gapping up toward $60.00 as they build on last month’s big breakout over $50.00, which completed a large, bullish, Ascending Triangle base and signaled the start of a new uptrend.

Boeing Company (BA)

Recovering from a brief dip into the red zone, Boeing (BA) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time in about two months. The shares finished Friday in 21st place, up 11 spots on the day and up 45 spots over the last month.

Imperial Oil Ltd. (IMO.TO)

Integrated oil producer Imperial Oil (IMO.TO) continues to climb within the Green Favored Zone of the SIA S&P/TSX 60 Index Report. The shares finished yesterday in 8th place, up 2 spots on the day and up 8 spots over the last month. Back in the fall, Imperial Oil (IMO.TO) completed a bullish Ascending Triangle Base with a breakout over $25.00, and then consolidated its gains for a few weeks retesting the breakout point and its 50-day average.

Air Canada (AC.TO)

Benefitting from renewed interest in airlines, Air Canada (AC.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report and continues its climb up the rankings which started down in the red zone. The shares finished yesterday in 24th place, up 8 spots on the day and up 118 spots over the last month.

Altus Group Limited (AIF.TO)

Altus Group (AIF.TO) a provider of software and consulting services to the commercial real estate industry, returned to the Green Favored Zone of the SIA S&P/TSX Composite Index report yesterday for the first time since November. The share finished yesterday in 46th place, up 11 spots on the day and up 120 spots over the last month.

Schlumberger Ltd. (SLB)

Since we last mentioned oilfield service provider Schlumberger (SLB) in the November 21st issue of the Daily Stock Report, the shares have gained 37.5%. Their positioning within the SIA S&P 100 Index Report has remained in a sideways to upward trend, recently rising toward the top of the Green Favored Zone. Yesterday the shares finished in 8th place, up 3 spots on the day and up 25 spots in the last month.

Vermilion Energy Inc. (VET.TO)

Vermillion Energy (VET.TO) continues to climb toward the top of the Green Favored Zone in the SIA S&P/TSX Composite Index Report. On Friday it finished in 5th place, up 178 spots over the last month and up 12 spots in the last week. Since they gapped up through their 50-day average back in October, shares have been under renewed accumulation.

Exxon Mobil Corp. (XOM)

Exxon Mobil (XOM) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time in 12 years! It left the green zone in March of 2009 and spent over a decade stuck in the red zone until finally seeing its relative strength improve in a meaningful way earlier this year. Yesterday XOM it finished in 22nd place, up 7 spots on the day and up 37 spots over the last month.

Citigroup Inc. (C)

With big banks attracting renewed interest, Citigroup (C) has returned to the Green Favored Zone of the SIA S&P 100 Index Report. Yesterday it finished in 23rd place, up four spots on the day and up 14 spots over the last month.

Spin Master Corp. (TOY.TO)

Toymaker Spin Master (TOY.TO) soared up the rankings in the SIA S&P/TSX Composite Index Report yesterday climbing 123 spots in one day to 31st place. This enabled it to move directly from the red zone to the Green Favored Zone. Stronger than expected online sales sent the shares soaring 23.9% on the day.

Halliburton Co. (HAL)

Oilfield service giant Halliburton Co. (HAL) continues to trend upward within the Green Favored Zone of the SIA S&P 500 Index Report. The shares finished yesterday in 60th place, up 12 spots on the day and up 129 spots over a month. Back in autumn, shares snapped a downtrend line to signal the start of a new recovery trend, then consolidated for a few months in the $17.25 to $22.25 area. Yesterday, a breakout to the upside, completing a bullish Ascending Triangle base signaled the start of a new upleg.

Carnival Corp. (CCL)

Over the course of February, cruse line Carnival Corp (CCL) climbed up from the red zone toward the top of the Green Favored Zone in the SIA S&P 500 Index Report. The shares finished Friday in 25th place, up 4 spots on the day and up 245 spots over a month.

Gildan Activewear Inc. (GIL.TO)

A major breakout is underway in Gildan Activewear* (GIL.TO) shares which broke out over $38.50 to their highest level since September of 2019 yesterday. An uptrend has been underway since the shares bottomed out last March and a downtrend line was snapped last summer near $25.00. GIL.TO remains in the Green Favored Zone of the SIA S&P/TSX 60 Index Report where it has resided since August. Yesterday it moved up 4 spots to 10th place.
*Gildan Activewear is held in portfolios managed by SIA Wealth Management

American Airlines Group Inc. (AAL)

Since returning to the Green Favored Zone of the SIA S&P 500 Index Report last month, American Airlines (AAL) has continued to ascend in the rankings. In the last month, it has climbed 257 spots to 34th place, including a gain of 10 places yesterday.

Simon Property Group (SPG)

Shopping mall owner Simon Property Group (SPG) has climbed into first place in the SIA S&P 100 Index Report after climbing one spot yesterday and eleven places over the last week. After spending from the fall of 2016 to the spring of 2020 stuck in the red and yellow zones, the shares have been steadily moving up the rankings for about ten months now and have consistently been in the Green Favored Zone since November.

Meg Energy Corp. (MEG.TO)

MEG Energy* (MEG.TO) shares returned to the Green Favored Zone in the SIA S&P/TSX Composite Index Report back in December and have continued to climb up the rankings. In the last month, the shares have moved up 41 spots to 7th place, including a gain of 8 spots yesterday. *Shares of MEG Energy are held in some portfolios managed by SIA Wealth Management.

Hudbay Minerals Inc. (HBM.TO)

Base metal miner Hudbay Minerals (HBM.TO) has been climbing back up toward the top of the Green Favored Zone in the SIA S&P/TSX Composite Index report this month, bouncing back from a brief dip into the yellow zone. The shares have moved up 74 spots last week, including a rise of 16 spots on Friday to 9th place.

The Kraft Heinz Co. (KHC)

This one is a bit different from the stocks we usually look at in the Daily Stock Report. On what was a relatively quiet day in the markets, Kraft Heinz (KHC) staged an aggressive move upward in the rankings of the SIA S&P 500 Index Report, climbing 17 spots in one day to 41st place, up 44 spots from a month ago.

Devon Energy Corp. (DVN)

Devon Energy (DVN) entered the Green Favored Zone of the SIA S&P 500 Index Report back in October. In the last few days, it has been climbing within that zone, moving up 13 spots yesterday to 24th place. A major breakout is underway in which shares have gapped up through $20.00 to signal the start of a new upleg. This continues a series of bullish signals this year which started with the shares snapping out of a long-term downtrend on high volume, a sign of renewed investor interest.

ATS Automation Tooling Systems Inc. (ATA.TO)

Since November, ATS Automation Tooling Systems (ATA.TO) has been trending upward within the SIA S&P/TSX Composite Index Report. It recently returned to the Green Favored Zone for the first time since June and continues to climb. Currently in 35th place after rising 9 spots yesterday, the shares have moved up 32 spots in the last month.

Arc Resources Ltd. (ARX.TO)

Energy producer ARC Resources (ARX.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report and continues to rise up the rankings. On Friday it moved up another 10 spots to 28th place and it is up 27 spots in the last month. Accumulation of shares continues with a breakout over $7.40 completing a bullish Double Top, adding to the completion of a bullish Spread Double Top in January and the snapping of a downtrend line back in October.

Nvidia Corp. – (NVDA)

Chipmaker Nvidia (NVDA) has returned to the Green Favored Zone of the SIA S&P 100 Index Report from a brief dip into the yellow zone after climbing 9 spots yesterday to 25th place. Share accumulation in Nvidia (NVDA) has intensified this week, culminating in a major breakout to a new all-time high. Since September, the shares had been trending sideways with lower highs and higher lows forming a Symmetrical Triangle, indicative of a consolidation phase within a larger upward trend.

Enerplus Corp. (ERF.TO)

Since November, Enerplus (ERF.TO) has been steadily climbing up the rankings in the SIA S&P/TSX Composite Index Report, rising from deep in the red zone and returning to the Green Favored Zone this week. The shares have climbed 49 spots in the last week including 13 yesterday to 12th place.

Hanesbrands Inc. (HBI)

Clothing producer Hanesbrands (HBI) returned to the Green Favored Zone of the SIA S&P 500 Index Report yesterday after a 24.9% one-day jump in the share price in response to earnings sent the shares screaming up 111 spots in the rankings to 18th place. The shares are also up 200 spots in the last month. Accumulation accelerated dramatically yesterday with the shares blasting through $17.50 and taking a run at $20.00 for the first time since 2018 on a big spike in volume.

DR Horton Inc. (DHI)

A classic, textbook breakout is underway for shares of homebuilder DR Horton Inc. (DHI), which recently returned to the Green Favored Zone of the SIA S&P 500 Index Report from a dip down into the red zone and continues to climb up the rankings. In the last month, the shares have moved up 248 places to 68th place, including a gain of 22 spots yesterday.

Under Armour Inc. (UA)

Since returning to the Green Favored Zone of the SIA S&P 500 Index Report back in October, Under Armour (UA) has continued to steadily climb up the rankings. On Friday it moved up another 6 spots to 28th place. After completing a bullish Ascending Triangle base with a breakout over $10.00 back in September, the shares rallied up into the $15.00 to $16.50 range where they had paused for the last few weeks to consolidate gains.

Canada Goose Holdings Inc. (GOOS.TO)

Canada Goose (GOOS.TO) recently returned the Green Favored Zone of the SIA S&P/TSX Composite Index Report from a brief dip into the red zone. Yesterday, on the back of a positive earnings report, the shares soared 22.3%, driving the shares up 30 spots to 15th place.

Invesco Ltd. (IVZ)

Back in October, asset manager Invesco (IVZ) returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since 2013. Since then, the shares have continued to climb toward the top of the rankings, moving up 2 spots yesterday and 30 spots in the last month to 4th place.

Aurora Cannabis Inc. (ACB.TO)

Aurora Cannabis (ACB.TO) has benefitted lately from a rally in marijuana stocks on speculation that the new Democratic regime in the US could be friendlier to the pot sector. ACB.TO shares recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index report having climbed 175 spots in the last month. Yesterday, a 12.8% rally propelled the share up 30 spots to 25th place.

Cameco Corp. (CCO.TO)

Uranium miner Cameco (CCO.TO) has returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report after climbing 46 spots yesterday. Cameco also moved up 9 spots in the SIA S&P/TSX 60 Index Report to 6th place.

First Majestic Silver Corp. (FR.TO)

Renewed interest in silver stocks last week propelled the shares of silver producer First Majestic Silver Corp. (FR.TO) to a 29.6% gain, driving it up 87 spots in the SIA S&P/TSX Composite Index Report over the week to 5th place near the top of the Green Favored Zone.

American Airlines Group Inc. (AAL)

American Airlines (AAL) has returned to the Green Favored Zone of the SIA S&P 500 Index report after a 9.3% rally off earnings propelled the shares up 141 spots in one day to 85th place. A recovery trend continues to emerge in American Airlines (AAL) shares. Back in November, the shares completed a bullish Ascending Triangle patter with a breakout over $15.00 which has since reversed polarity and been established as current support. Yesterday, the shares rallied up off of $15.00 on volume, a sign of renewed interest.

Walgreens Boots Alliance Inc. (WBA)

US drugstore chain Walgreens Boots has jumped up out of the red zone into the Yellow Neutral Zone of the SIA S&P 100 index report, suggesting a rotation into defensive names may be starting. The shares climbed 14 spots yesterday to 41st place and they are up 51 places in the last month.

Canopy Growth Corp. (WEED.TO)

Marijuana producers Canopy Growth (WEED.TO) re-entered the Green Favored Zone of the SIA S&P/TSX 60 Index Report and has continued to climb up the rankings. Yesterday it moved up another two places into top spot.

Hudbay Minerals Inc. (HBM.TO)

Base Metal miner Hudbay Minerals (HBM.TO) dropped out of the green zone of the SIA S&P/TSX Composite Index Report for the first time since June yesterday. The shares now find themselves in the Yellow Neutral Zone after dropping 29 spots in one day and 51 spots over the last month to 59th place. A bearish trend change appears to be underway as back in December shares had become overbought on the RSI indicator at bottom suggesting they were getting due for a pause or a correction, and they encountered resistance near the $10.00 round number just as they had back in early 2019.

Newell Rubbermaid Inc. (NWL)

Household products producer Newell Rubbermaid (NWL) continues to climb within the Green Favored Zone of the SIA S&P 500 Index Report. Currently sitting in 40th place, NWL climbed 6 spots on Friday and is up 47 spots in the last month. A classic recovery breakout is underway since bottoming out with a bounce up off of the $10.00 level, the shares have been under renewed accumulation.

Teck Resources Ltd. (TECK.B.TO)

Base metal miner Teck Resources* (TECK.B.TO) has returned to top spot in the SIA S&P/TSX 60 Index Report. The shares have been in the Green Favored Zone since May. Since bottoming out last March, shares have been under accumulation, steadily recovering lost ground, advancing in a rising channel of higher highs and higher lows. *Shares of Teck Resources are held in portfolios managed by SIA Wealth Management

Ford Motor Company (F)

Ford Motor Company’s (F) relative strength has improved dramatically over the last six months, ending a six-year run in the red zone and driving back up into the Green Favored Zone of the SIA S&P 100 Index Report for the first time since 2014. Ford shares continue to climb up the rankings, rising another 9 spots yesterday to 8th place. Since we last mentioned Ford in the October 23rd issue of the Daily Stock Report, the shares have gained 32.2% and continue to climb.

Carmax Inc. (KMX)

A 9.3% gain propelled the shares of used car retailer Carmax (KMX) to a one-day jump of 120 spots in SIA S&P 500 Index to 90th place, returning it to the Green Favored Zone for the first time since October. Yesterday, the shares staged a major breakout, blasting through the $110.00 top of the channel to a new all-time high on increased volume, signaling the start of a new uptrend.

Corus Entertainment Inc. (CJR.B.TO)

Corus Entertainment (CJR.B.TO) is once again on the rise within the Green Favored Zone of the SIA S&P/TSX Composite Index Report. Yesterday the shares moved up 2 spots to 20th place and are up 12 places in the last month. In the latter part of 2020, the shares completed a bullish Ascending Triangle base with a breakout over $4.00. Following a successful retest of the $4.00 breakout point as new support, the shares have accelerated upward, recently snapping a long-term downtrend line to confirm that a new uptrend has commenced.

NFI Group Inc. (NFI.TO)

Since we last mentioned bus producer NFI Group (NFI.TO) December 3rd issue of the Daily Stock Report, a lot has happened. A 55.0% gain for the share price since then has propelled the shares up from 67th place in the SIA S&P/TSX Composite Index Report, to 3rd place, along the way returning to the Green Favored Zone for the first time since May of 2018.

Marathon Oil Corp. (MRO)

With the Energy sector attracting renewed interest this week, Marathon Oil (MRO) has returned to the Green Favored Zone of the SIA S&P500 Index report for the first time since June. The shares climbed 13 spots yesterday and are up 56 places in the last month. A long-term downtrend in Marathon Oil (MRO) shares bottomed out back in March, and since then, a bullish Ascending Triangle base had been forming. Yesterday, the shares completed the bullish triangle base with a breakout over $8.50 which confirms that a new recovery trend has commenced.

Bausch Health Companies Inc. (BHC.TO)

Specialty and generic pharmaceutical producer Bausch Health (BHC.TO) has returned to the Green Favored Zone of the SIA S&P/TSX 60 Index report for the first time in nearly a year. The shares climbed 11 spots yesterday in response to positive sales guidance to 12th place and have moved up 31 places in the last month.

Nutrien Ltd. (NTR.TO)

Fertilizer producer Nutrien (NTR.TO) returned to the Green Favored Zone of the SIA S&P/TSX 60 Index report for the first time in two years last month and continues to hold steady in that range. Yesterday it moved up one spot to 12th place. This long-term weekly chart highlights the significance of the current advance in Nutrien (NTR.TO) shares. The recent rally up through $67.50 has not only carried the shares to their highest level in over five years, but it also has snapped a long-term downtrend line dating back to the 2008 peak.

TechnipFMC (FTI)

After spending most of the last four years stuck in the red zone, oilfield equipment producer TechnipFMC (FTI) recently returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since February of 2017. Yesterday, FTI moved up another 12 spots to 64th place and it is up 73 spots in the last month. A major breakout is underway after selling off in the early part of the year, the shares spent most of 2020 stuck trading sideways and base building in the $5.00 to $10.00 range. Last week’s breakout over $10.00 completed the base and signaled the start of a new uptrend.

Dupont de Nemours (DD)

Chemical producer DuPont de Nemours (DD) has returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since June of 2018 after climbing 15 spots yesterday and 147 spots in the last month. After spending the summer consolidating after an initial recovery rally, the shares snapped a downtrend line and broke out over $60.00 to signal the start of a new advance. The shares haven’t looked back since then, advancing on $80.00 with recent gains coming on a jump in volumes indicating strengthening accumulation and increased investor interest.

Bank of America Corp. (BAC)

Bank of America (BAC) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since last March after climbing 2 spots yesterday and 54 spots in the last month. Back in November, price snapped out of a down trend with a breakaway gap. The start of a new uptrend was then confirmed in December when the shares completed a bullish Ascending Triangle base with a breakout over $29.00.

JPMorgan Chase & CO. (JPM)

After jumping 14 spots yesterday, JPMorgan Chase (JPM) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since last March. Back in November price gapped up through $105.00 on a spike in volume completing a bullish Ascending Triangle base and signaling the start of a new advance.

Cenovus Energy Inc. (CVE.TO)

Cenovus Energy (CVE.TO) continues to climb within the Green Favored Zone of the SIA S&P/TSX 60 Index Report, rising another spot yesterday to 8th place. A major breakout is underway as shares cleared $8.00 for the first time since last March, completing a bullish Ascending Triangle and Cup with Handle technical patterns.

Silvercrest Metals Inc. (SIL.TO)

Silvercrest Metals (SIL.TO) has returned to the Green Favored Zone of its SIA S&P/TSX Composite Index Report for the first time since August after moving up 17 spots yesterday. The shares have climbed 159 places in the last month, driving up out of the red zone. A breakaway gap to a new all-time high has ended six months of consolidation in the $11.00 to $14.50 range with an exclamation mark, signaling the start of a new advance.

Goldman Sachs Group Inc. (GS)

Investment bank Goldman Sachs (GS) capped off 2020 by returning to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since April of 2017. On Thursday it moved up 3 spots to 26th place and it has climbed 39 places in the last month.

Mohawk Industries Inc. (MHK)

Back in November, flooring producer Mohawk Industries (MHK) staged a major breakout, snapping out of a long-term downtrend and completing a bullish Ascending Triangle base with a breakout over $120.00. Shares have been holding steady in the Green Favored Zone of the SIA S&P 500 Index Report, yesterday advancing up 7 spots to 56th place.

Russel Metals Inc. (RUS.TO)

Steel distributor Russell Metals (RUS.TO) has been trending upward in the SIA S&P/TSX Composite Index Report since May when a long-term downtrend bottomed out. Yesterday, RUS.TO returned to the Green Favored Zone for the first time since June of 2018 after climbing 3 spots in one day and 12 spots over the last month.

Apple Inc. (AAPL)

Building on its recent return to the Green Favored Zone in the SIA S&P 100 Index Report, Apple (AAPL) climbed another 5 spots yesterday to 16th place. AAPL has moved up 26 spots in the last month.

Magna International Inc. – (MG.TO)

Auto parts producer Magna International (MG.TO) jumped 8.5% yesterday on the news that it has entered into a deal with LG Electronics to develop electric drive train technology. On this news, the shares rose 12 spots within the Green Favored Zone of the SIA S&P/TSX Composite Index Report to 21st, place, and remained in 3rd place in the SIA S&P/TSX 60 Index Report.

Nielsen Holdings PLC (NLSN)

Nielsen Holdings PLC (NLSN) operates as a measurement and data analytics company worldwide. Over the last month shares have had a nice move rising over 25% and around 43.5% over the 3 months, but still isn’t positive for 2020 YTD yet which is underperforming the SPX.I by about 15%. NLSN has just moved into the Favored zone in the SIA S&P 500 Report with a ranking of 125th.

Morgan Stanley (MS)

Morgan Stanley currently sits in 6th place in the SIA S&P 100 Index Report near the top of the Green Favored Zone. MS had been building a consolidating range between $60 and $65 over the last month before its breakout out of this channel yesterday.
Next potential resistance on trend appears around $70. Support is at the bottom of this consolidation around $62 and at $56 from past highs earlier this year.

Gildan Activewear (GIL.TO)

We highlighted Gildan Activewear (GIL.TO) in early October when it was trading at $27.92, and since then, it has continued in the Double Top chart pattern in a column of X’s to where it is currently trading at around $35.79. It has now moved up to the resistance highlighted at $37.11, which is also in line with the downwards trend line started from its prior high in 2019.

PayPal Holdings Inc. (PYPL)

PayPal Holdings Inc. (PYPL) has moved up 85 spots over the past week within the S&P 500 Index Report surging to new all time highs. Prior resistance has turned into support around $211 area where a breakout and retest occurred earlier this month when viewing the candle stick chart.

Whitecap Resources Inc. (WCP.TO)

Shares of Calgary based energy company Whitecap Resources Inc. (WCP.TO) have moved up 562% off their March all time low and into continued strength coming from renewed interest in the energy sector. Whitecap currently resides in the #1 spot of the Green Favored Zone within the SIA S&P/TSX Capped Composite Index Report after moving up 25 spots over the past quarter.

Fedex Corp. (FDX)

The last time we looked at FedEx Corp. (FDX) was on Aug 10th after shares had advanced 17.1% since entering the Favored Zone of the SIA S&P 500 Index report at a price $156.66 on July 1st . Today we see the shares have continued to remain in the Favored Zone with a closing price of $285.73 which now translates to a 82.4% price appreciation since the beginning of July.

Moderna Inc. (MRNA)

Moderna Inc. shares first entered the favored Zone in mid September at approximately $70.00 per share. The shares traded sideways for approximately a month and a half before breaking out to new all-time highs in mid November.

Cameco Corp. (CCO.TO)

Uranium producer Cameco Corp. (CCO.TO) returned to the Green Favored Zone of the SIA S&P/TSX 60 Index Report for the first time since July on Friday. The shares are currently in 11th place after climbing 5 spots on Friday and 49 positions in the last month.

Crescent Point Energy (CPG.TO)

Crescent Point Energy (CPG.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since August. The shares are currently in 35th spot after climbing 10 places yesterday and 94 positions in the last month.

Western Digital Corp. (WDC)

A major breakout is underway in Western Digital (WDC) shares which recently completed a bullish Ascending Triangle base which has been forming since March with a breakout over $50.00. Next potential upside resistance appears in the $65.00 to $73.00 zone. Initial support moves up to the $50.00 breakout point from $45.00.

Manulife Financial Corp. (MFC.TO)

After climbing 4 spots yesterday and 22 spots in the last month, Manulife Financial (MFC.TO) has climbed up out of the red zone in the SIA S&P/TSX 60 Index report to 16th place, the top of the Yellow Neutral Zone, one spot away from a return to the green zone for the first time since February.

American Airlines Group Inc. (AAL)

After spending all of 2016 through 2019 in the yellow or red zones of the SIA S&P 100 Index Report, American Airlines (AAL) has now returned to the Green Favored Zone for the second time this year. Yesterday, the shares climbed 35 spots to 67th place and they have now ascended 356 spots in the last month.

American Express Co. (AXP)

After climbing 4 spots on Friday and 46 spots in the last month to 22nd place, credit card provider American Express (AXP) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since September of 2019.

Boeing Company (BA)

With the Boeing 737 Max 8 returning to service after being grounded for most of the last two years, Boeing (BA) shares have recently been enjoying their longest stretch in the Green Favored Zone of the SIA S&P 100 Index Report since early 2019. Yesterday, BA climbed another 8 spots in the rankings to 7th place having now climbed 72 spots in the last month.

NFI Group Inc. (NFI.TO)

Bus manufacturer NFI Group (NFI.TO) has been climbing up the rankings in the S&P/TSX Composite Index Report having moved up 9 spots yesterday and 91 spots in the last month. Initial upside resistance may appear in the $24.50 to $25.50 zone and Initial support appears near the $19.00 breakout point.

Blackberry Ltd. (BB.TO)

A new partnership with Amazon.com sparked an 18.7% rally in the shares of Blackberry (BB.TO) which jumped 49 spots in the SIA S&P/TSX Composite Report yesterday to 21st place. The shares are also up 148 spots in the last month. Within the report, the shares have returned to the Green Favored Zone for the second time this year after spending most of 2018 and 2019 in the yellow and red zones.

Nutrien Ltd. (NTR.TO)

Fertilizer producer Nutrien Ltd. (NTR.TO) has returned to the Green Favored Zone in the SIA S&P/TSX 60 Index Report for the first time in two years after climbing 4 spots yesterday and 15 spots in the last month to 13th place.

NASDAQ Composite Index (NASD.I) & United States/Canadian Dollar (USDCAD)

The coming week brings another flurry of results from companies on both sides of the border, with a particular focus on the energy, pharmaceutical, insurance, movie theatre, ride-sharing, travel, automotive, and forest products sectors. The turn of the month also brings a number of key economic reports including Manufacturing and Service PMI surveys from around the world and North American employment reports. In this issue of Equity Leaders Weekly, we look at recent strength in the NASDAQ Composite and in the Canadian Dollar.

iShares MSCI ACWI Ex US Index Fund (ACWX) & Gold Continuous Contract (GC.F)

The first week of earnings season has been somewhat odd. Overall, initial results have been coming in significantly stronger than expected, but the reaction has been somewhat mixed. In this issue of Equity Leaders Weekly, we look at resurgences in International Equities and in the price of Gold.

NASDAQ Composite Index (NASD.I) & iShares US Financials ETF (IYF)

While investors have been patiently waiting for the start of earnings season, equities have continued to be well supported. Just about every day in the last week, one or both of the Dow Jones Industrial Average or the S&P 500 has closed at an all-time record, while the NASDAQ Composite has started to rebound from a late winter correction. In this issue of Equity Leaders Weekly, we look at recent action in the NASDAQ Composite Index and the iShares US Financials ETF for insights into the state of investor sentiment.

VanEck Vectors Steel Index ETF (SLX) & Global X Uranium ETF (URA)

It’s a relatively quiet week for equity markets in what could be the calm before the storm as investors mark time waiting for the start of earnings season which kicks off next Wednesday-Thursday with results from several big banks and brokerages in the US, plus some of Canada’s media companies. In this issue of Equity Leaders Weekly, we take a look at two commodity markets which don’t usually attract attention from investors but have started to recently, steel and uranium.

S&P/TSX Capped Real Estate Index (TTRE.I) & iShares PHLX Semiconductor ETF (SOXX)

A flurry of news is due over the next few days including more manufacturing PMI reports today. US nonfarm payrolls come out on tomorrow’s Good Friday holiday so their impact may influence trading more on Monday, and service PMI reports are due early next week. Earnings season doesn’t start for another couple of weeks, but we are into confession season which has been quiet so far. In this issue of Equity Leaders Weekly, we take a look at two sectors which have been on the rebound lately, real estate and semiconductors.

Russell 2000 Index (RLS.I) vs. S&P 100 Index (OEX.I) & Crude Oil Continuous Contract (CL.F)

In this issue of Equity Leaders Weekly, we look at the relationship between small cap and large cap stocks as an indicator of market sentiment, and at recent swings in the price of crude oil as a proxy for commodities and their implications for interest rates and equity markets.

Sector Scopes March 2021 & iShares US Home Construction ETF (ITB)

Some of the fear that gripped certain equity market sectors appears to have eased over the last few days. Although the rise in traded interest rates which rattled some traders earlier this month has continued, statements from central bankers in recent days have indicated that they expect inflation to remain contained, and their current stimulus programs to continue at current levels in North America and to increase in Europe. In this issue of Equity Leaders Weekly, we take a look at what the Sector Scopes feature in SIA Charts is telling us about investor confidence and capital rotation between equity market sectors, and at a recent breakout by the homebuilding sector.

BMO Equal Weight Oil & Gas ETF (ZEO.TO) & Select Sector SPDR Technology ETF (XLK)

Trading action across equity markets has been choppy this week as investors grapple with the implications of increased speculation that the easy money party of the last year could start to wind down, and what a potentially reopening economy over the next 6-9 months could mean for the relative outlook of varying sectors. In this issue of Equity Leaders Weekly, we look at energy and technology ETFs as indicators of changing relative strength and tactical capital rotation between sectors as leadership changes.

NASDAQ Composite Index (NASD.I) & iShares S&P 500 Growth ETF (IVW) vs. iShares S&P 500 Value ETF (IVE)

It has been a choppy week for equity markets. Earnings season has come to an end, reducing the amount of corporate news out there for investors to consider. Instead, investors have turned their focus to rising traded US interest rates, particularly the 10-year treasury yield climbing above 10%, as a sign that the massive central bank liquidity party may not go on forever. In this week’s issue of Equity Leaders Weekly, we look at yesterday’s downturn in the NASDAQ Composite Index and at a shift in the capital flows between Growth and Value stocks.

CBOE Interest Rate 10-Year (TNX.I) & Sugar #11 Continuous Contract (2B2.F)

Overall, stock market indices appear to be regaining their footing from a choppy few days. The last week has seen the tech-sensitive NASDAQ struggle relative to broader indices, while commodities and related stocks have continued to do well. In this week’s issue of Equity Leaders Weekly, we look at the causes and implications of the recent rise in the US 10-year treasury note yield, and at action in the price of sugar as an example of renewed interest in commodities.

iShares US Energy (IYE) & Gold Continuous Contract (GC.F)

It has been an odd week for world markets, disrupted by Asia Pacific and North American holidays. Although several major North American indices have managed to nudge their way to new all-time highs, there doesn’t appear to be much of a tailwind behind them, perhaps because earnings and economic news flow has subsided for the time being. In this week’s issue of Equity Leaders Weekly, we look current strength in US Energy stocks and at the factors influencing recent weakness in Gold.

S&P/TSX Composite Index (TSX.I) & Copper Continuous Contract (HG.F)

Equities and commodities continue to climb, driven by a combination of continuing easy money from central back asset purchases, a new fiscal stimulus package working its way through Congress in the US, combined with continuing vaccine rollouts and falling case counts. In this week’s issue of Equity Leaders Weekly, we look at the S&P/TSX Composite Index and the copper price as examples of recent gains in equity and commodity markets.

Crude Oil Continuous Contract (CL.F) & iShares Transportation Average ETF (IYT)

The turn of the month has been particularly choppy for North American markets which retreated into the end of January, bounced back to start February and have stabilized into midweek. In this week’s issue of Equity Leaders Weekly, we take a look at recent strength in the price of crude oil and recent weakness in transport stocks.

ISE Global Wind Energy Index (GWE.I) & iShares US Aerospace & Defense ETF (ITA)

In this week’s issue of Equity Leaders Weekly, we look at the impact of the US political changeover on alternative energy companies, and at the impact of political change and new lockdowns on the aerospace sector.

Horizons Marijuana Life Sciences Index ETF (HMMJ.TO) & Franklin FTSE Mexico ETF (FLMX)

With the change in power in the US completed and the Democrats pushing ahead with their agenda, investors may be anticipating an easier path to more fiscal stimulus in the coming months. In this week’s issue of Equity Leaders Weekly, we look at how the change in power in the US has influenced sentiment toward marijuana stocks and Mexican stocks.

BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) & iShares US Financials ETF (IYF)

The last week has been relatively quiet for stock markets around the world, but that could change as the business, economic and political calendars for 2021 all starting to ramp up in earnest over the coming days, particularly after Monday’s US holiday. Starting with today’s Biden speech, investors should start to get an indication of the incoming administration’s priorities in terms of fighting COVID (vaccines/lockdowns/other measures), and in dealing with the economic impact of COVID (continuing or additional fiscal stimulus). In this week’s issue of Equity Leaders Weekly, we focus on recent trends in the Financials and Energy sectors heading into earnings season.

Crude Oil Continuous Contract (CL.F) & Platinum Continuous Contract (PL.F)

2021 is off to a generally positive start although two of the three trading days so far have seen significant intraday swings and reversals, to the downside on Monday and then to the upside on Wednesday. In this week’s issue of Equity Leaders Weekly, we focus on action in Commodities, particularly Crude Oil and Platinum.

Russell 2000 Index (RLS.I) & Dow Jones Utilities Average (DUX.I)

In this week’s issue of Equity Leaders Weekly, we take a look at what a breakout by the Russell 2000 Index and a breakdown by the Dow Jones Utilities Average are telling us about the current state of investor sentiment.

High Grade Copper Continuous Contract (HG.F) & S&P 500 Index (SPX.I)

In this week’s issue of Equity Leaders Weekly, we look at the recent strength of Copper and the breadth of the U.S. Equity markets with the S&P 500 Index.

iShares US Telecommunications ETF (IYZ) & iShares NASDAQ Biotechnology ETF (IBB)

In this week’s issue of Equity Leaders Weekly, we look at what recent breakouts in the telecom and biotech sectors are telling us about market breadth and investor confidence.

BMO Equal Weight REITs Index ETF (ZRE.TO) & Lumber Continuous Contract (LB.F)

In this week’s issue of Equity Leaders Weekly, we take a look at the emerging recovery in real estate stocks as an example of previously lagging sectors starting to catch up and at lumber as an example of renewed interest in industrial commodities.

Three Week Free Trial