News & Commentary

Latest News & Daily Commentary

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.

Etsy Inc. (ETSY)

In recent weeks, shares of Etsy Inc. (ETSY) had been consolidating between $125.00 and $150.00, but on Friday, renewed interest propelled the shares up through $150.00. This breakout to a new all-time high has signaled the start of a new rally phase.

Bank of Montreal (BMO.TO)

Bank of Montreal (BMO.TO) shares have been steadily recovering since March and completed a bullish Ascending Triangle base back in August. After consolidating for three months in a higher range, the recent breakout over $84.00, an old support level, signaled the start of the current advance.

Dow Jones Industrial Average (DJI.I) & Crude Oil Continuous Contract (CL.F)

Investors have gone into the US Thanksgiving holiday in a good mood with a combination of more positive vaccine news, the start of a US presidential transition and the nomination of the market-friendly former Fed Chair Janet Yellen to become the Treasury Secretary in a Biden administration sending several indices including the Dow Industrials and the S&P 500 to new all-time highs. In this week’s issue of Equity Leaders Weekly, we take a look at the significance of this week’s breakouts in the Dow Jones Industrial Average and the Crude Oil price.

Canadian Natural Resources Ltd. (CNQ.TO)

Canadian Natural Resources (CNQ.TO) is the highest ranked stock from the resurgent Energy sector in the SIA S&P/TSX 60 Index report, having moved up 1 spot yesterday and 47 spots in the last month to 6th place, near the top of the Green Favored Zone.

Metlife Inc. (MET)

Accumulation in MetLife (MET) shares has accelerated dramatically in the last month. The recent breakout over $42.00 completed a bullish Ascending Triangle and after retesting the breakout point as new support, the shares have continued to advance.

Schlumberger Ltd. (SLB)

After spending over five years as a cellar-dweller, stuck in the red zone of the SIA S&P 100 Index Report, oilfield service giant Schlumberger (SLB) has seen its relative strength rebound this year. After moving up 10 spots in one day and 68 spots in the last month, SLB shares returned to the Green Favored Zone yesterday for the first time since June and the second time since 2014.

ViacomCBS Inc. (VIAC)

Shares of ViacomCBS (VIAC) have established an upward trend of higher lows completing a series of bullish Ascending Triangle pattern breakouts. Last week, the shares completed their most recent breakout with the next potential resistance appearing near the $40.00 round number.

Simon Property Group (SPG)

Shopping mall owner Simon Property Group continues to climb within the Green Favored Zone in the SIA S&P 100 Index Report. Yesterday it moved up another two spots to 11th place and it has climbed 36 spots in the last month.

S&P/TSX Composite Index (TSX.I) & Gold Continuous Contract (GC.F)

Equity markets have been sending mixed signals to investors over the last week. In this week’s issue of Equity Leaders Weekly, we take a look at the S&P/TSX Composite Index and the price of Gold as indicators of changing investor sentiment.

West Fraser Timber (WFT.TO)

Coming off of a strong six-month rally that saw the shares of West Fraser Timber (WFT.TO) snap out of a long-term downtrend, recent trading appears to be a normal consolidation within an emerging upward trend. A breakout over $75.00 would signal the start of a new upleg with next potential resistance in the $90.00 to $100.00 range. Initial support currently appears near $65.00.

Equitable Group Inc. (EQB.TO)

Personal and commercial bank Equitable Group (EQB.TO) recently returned to the Green Favored Zone in the SIA S&P/TSX Composite Index Report and continues to move up the rankings. Yesterday it finished in 23rd place, up 3 spots on the day and up 62 places over the last month.

Boeing (BA)

So far this month, shares of Boeing (BA) have snapped a downtrend line, staged two breakaway gaps to the upside and climbed back above the $200.00 round number, all on increased volume, indicating that accumulation has resumed and a new upward trend has commenced.
Next potential upside resistance appears at the June high near $230.00. Initial support appears near $188.00, the bottom of yesterday’s gap.

Home Capital Group Inc. (HCG.TO)

Accumulation in Home Capital Group (HCG.TO) shares has accelerated lately, particularly following a recent breakout over $25.00, which completed a bullish Ascending Triangle pattern, and advance on $27.50. On Friday it climbed another two spots within the green favored zone of the SIA S&P/TSX Composite Index Report to 26th place and has moved up 66 spots in the last month.

Intertape Polymer Group (ITP.TO)

Since bottoming out in March, Intertape Polymer Group (ITP.TO) shares have been recovering in a step pattern of rallies followed by periods of consolidation at higher levels. Yesterday, the shares staged a major breakout, clearing $16.60 to complete a bullish Double Top pattern, then driving up through the $20.00 round number to confirm the start of a new upleg.

iShares US Technology (IYW) & BMO Equal Weight Banks ETF (ZEB.TO)

In this week’s issue of Equity Leaders Weekly, we look at how investor sentiment toward the technology and banking sectors has changed recently as examples of a wider shift in investor attitudes.

Linamar Corp. (LNR.TO)

Shares of auto parts producer Linamar Corp. (LNR.TO) staged a major breakout to the upside yesterday. Having already snapped out of a long-term downtrend back in September, yesterday the shares blasted through the $50.00 round number to complete a Reverse Head and Shoulders Base pattern and confirm the start of a new uptrend.

Methanex (MX.TO)

A major breakout is underway in Methanex* (MX.TO) shares which blasted through $40.00 yesterday to confirm increasing accumulation and that a new upleg has started within an emerging recovery trend. Initial resistance appears in the $50.00 to $52.50 area. Initial support moves up to the $40.00 breakout point. *Methanex is held in some portfolios managed by SIA Wealth Management

Sun Life Financial Inc. (SLF.TO)

With a gain of 5 spots yesterday, insurer Sun Life Financial (SLF.TO) has returned to the Green Favored Zone of the SIA S&P/TSX 60 Index report for the first time since February. From March through August, Sun Life Financial (SLF.TO) shares steadily recovered from the winter market crash, establishing an upward trend of consistently higher lows and completing two bullish Ascending Triangle patterns.

Magna International Inc. (MG.TO)

A bullish breakaway gap and a breakout over $75.00 for the first time since the summer of 2018 has signaled the start of a new upleg auto parts producer Magna International (MG.TO) shares. Initial resistance may appear at the June 2018 peak near $80.00. Initial support appears near the $70.00 round number.

Lightspeed POS Inc. (LSPD.TO)

Since we last mentioned Lightspeed POS* (LSPD.TO) in the July 3rd issue of the Daily Stock Report, the shares have climbed 43.0%. Yesterday it continued its recent move up within the Green Favored Zone of the SIA S&P/TSX Composite Index report, climbing 22 spots to 4th place.

Nasdaq Composite Index (NASD.I) & BMO China Equity Index ETF (ZCH.TO)

Despite the uncertainty in the Presidential race, markets appear to be responding favorably to the overall tone of the vote which saw the Republican majority in the Senate and the Democratic majority in the House of Representatives both decrease. In this week’s issue of Equity Leaders Weekly, we look at differences in market action and investor sentiment between the United States and China.

Calalent Inc. (CTLT)

Catalent Inc. (CTLT), a pharmaceutical company, has been climbing within the Green Favored Zone of the SIA S&P 500 Index Report since it joined the Index in September. In the last month, the shares have moved up 30 spots to 21st place.

LKQ Corp. (LKQ)

Automotive aftermarket parts and accessories producer LKQ Corp. (LKQ) staged a major double breakout over $32.50 yesterday, not only completing a bullish Ascending Triangle base, but also snapping a downtrend line, combining to signal the start of a new uptrend.

Newell Rubbermaid (NWL)

Household products producer Newell Rubbermaid (NWL) broke out of a long-term downtrend clearing $15.00 and since then they have remained under accumulation establishing an uptrend of consistently higher lows. Recently, the shares have broken out over $17.50, which has reversed polarity from resistance to support. Initial resistance appears near the $20.00-$21.00 area.

First Quantum Minerals Ltd. (FM.TO)

First Quantum (FM.TO) shares staged a major breakout on Friday, clearing $14.75 and $15.00 to trade at their highest level since April of 2018. This breakout confirms the summer snapping of a downtrend line and signals the start of a new upleg within a growing recovery trend.

Colliers International Group Inc. (CIGI.TO)

For the last seven months, Colliers International (CIGI.TO) shares have been steadily recovering lost ground. While a trend of higher lows indicated continuing accumulation, the shares had struggled with resistance at the $90.00 level. This week, the shares have broken through the $90.00 barrier, completing a bullish Ascending Triangle base and signaling the start of a new advance.

S&P 500 Index (SPX.I) & Franklin FTSE Germany ETF (FLGR)

Equity markets have come under the most pressure they have been under since last winter, as investors who had been acting like deer caught in the headlights earlier this month decided to head for the exits as many of the lingering uncertainties of the last few months became more real. In this week’s issue of Equity Leaders Weekly, we look at broad market action in the US and Germany as an indicator of differences in investor focus and sentiment between North America and Europe.

General Electric Co. (GE)

General Electric’s (GE) 4.5% advance on positive earnings made it the only stock in the SIA S&P 100 Index Report to post a gain yesterday. The rally enabled the shares to climb up out of the Red Zone for the first time since March, into the Yellow Neutral Zone. The shares moved up 6 spots yesterday and have climbed 48 spots in the last month.

Zoom Video Communications Inc. (ZM)

This is a classic example of how resistance levels can reverse polarity and become support levels following a breakout. Earlier this month, Zoom Video Communications broke through the $500 round number to complete a bullish Ascending Triangle pattern and signal the start of a new upleg. After encountering resistance near $590, the shares dropped back but successfully retested $500 as new support and yesterday they turned upward once again.

Corus Entertainment (CJR.B.TO)

In the last week, accumulation in Corus Entertainment (CJR.B.TO) has clearly accelerated with the shares rallying up off of a successful test of trend support, staging a breakaway gap to the upside, snapping out of a long-term downtrend and breaking through $3.50 to complete a bullish Ascending Triangle pattern. Next potential resistance appears near $4.00 then $5.00 on trend.

Under Armour Inc. (UAA)

Earlier this month, Under Armour (UAA) shares completed a bullish Ascending Triangle base with a breakout over $12.00. Since then, the shares have remained under accumulation, steadily climbing toward initial potential resistance in the $15.00 to $15.50 range where a round number, measured move and previous support converge. Initial support has moved up toward $13.50 from the $12.00 breakout point.

Ford Motor Company (F)

Ford Motor Company (F) returned to the Green Favored Zone in the SIA S&P 100 Index Report yesterday after climbing eight spots. With the exception of a brief visit in June, Ford had been out of the green zone since December of 2013 spending most of the last seven years stuck deep in the red zone. A major breakout is underway with shares completing a bullish Ascending Triangle base with a move up over $7.50, Next potential upside resistance appears near $8.75.

Sector Scopes Update & SPI Merged Continuous Contract (SPIM.F)

In this week’s issue of Equity Leaders Weekly, we look at what the monthly Sector Scopes and a breakout in Australia are telling us about US earnings expectations, capital flows within equity markets and investor sentiment toward the world economy and resource demand.

Hudbay Minerals Inc. (HBM)

Hudbay Minerals Inc. (HBM.TO) has been under accumulation for over six months now, snapping a downtrend line back in May and completing a bullish Ascending Triangle Base with a breakout over $5.50 back in August. Initial upside resistance tests appear near a measured $7.25, then the $7.50 round number. Initial support appears near the $6.25 recent breakout point.

General Motors (GM)

Since we last mentioned GM in the September 9th issue of the Daily Stock Report, GM shares have gained 9.9% while the S&P 100 is up 2.8% over the same time period. A major breakout is underway as shares blasted through $33.50 and then $35.00 this week completing a bullish Ascending Triangle base, and snapped out of a downtrend. Next potential upside resistance on trend appears near the $40.00 round number. Initial support appears near the $33.50 breakout point.

Tapestry Inc. (TPR)

Tapestry (TPR) shares are testing $20.00, and a close above that level would confirm the start of a new uptrend. Next potential upside resistance after that appears in the $24.00 to $26.00 range, initial support appears near the $18.00 recent breakout point.

International Paper Co (IP)

International Paper (IP) shares have been climbing in a rising channel of higher highs and higher lows. The shares once again have broken out of their long-term downtrend, and this time, they have also broken out over $45.00, confirming that a new uptrend is underway. Next potential upside resistance appears near the $50.00 round number. Initial support moves up toward $44.00 from the $39.00 to $40.00 area.

Aritzia Inc. (ATZ.TO)

A positive reaction among investors to specialty retailer Aritzia’s (ATZ.TO) sparked a 13.8% rally in its shares yesterday. These gains drove Aritzia up 108 spots in the SIA S&P/TSX Composite Index Report yesterday moving directly from the red zone to the Green Favored Zone in one day. The shares are currently bumping up against initial resistance near $22.50 but if they can get through there, next potential upside resistance appears near the $25.00 round number.

iShares US Pharmaceuticals ETF (IHE) & S&P/TSX Capped Real Estate Index (TTRE.I)

The long-awaited arrival of earnings season has brought a series of yawns from the street so far. Although initial results have been coming in stronger than expected overall, and banks have sharply scaled back their loan loss provision increases, stocks have started to backslide this week. In this week’s issue of Equity Leaders Weekly, we look at recent moves in the pharmaceuticals and real estate sectors as indicators of capital rotation between industry groups.

Sleep Country Canada Holdings Inc. (ZZZ.TO)

Sleep Country (ZZZ.TO) shares snapped out of a long-term downtrend over the summer and established higher support in the $19.00 to $20.00 range. In the last few days, the shares have started to advance again, breaking through $22.00 to trade at their highest level so far in 2020, while support has moved up toward $21.00. Initial resistance appears near $22.50.

Eldorado Gold Corp. (ELD.TO)

Building on a recent bullish Triple Top breakout, Eldorado Gold (ELD.TO) broke through $16.75 to a new 52-week high yesterday, completing a bullish Spread Double Top and signaling the start of a new upleg. Next potential resistance appears in the $19.60 to $20.05 area and Initial support appears near $15.80 based on a 3-box reversal.

Element Fleet Management (EFN.TO)

Back in July, Element Fleet Management (EFN.TO) completed a bullish Ascending Triangle base with a large breakaway gap over $10.50. In a later correction, the shares partially filled in the gap, but held longer-term uptrend support near $10.50. In recent weeks, accumulation has resumed and the shares have been attempting to break out over $11.90 but need a close above that level to confirm the start of a new upleg.

Canadian Tire Corp. (CTC.A.TO)

After rallying in the spring and consolidating through the summer, Canadian Tire (CTC.A.TO) has resumed its upward course in the last few weeks. A bullish Double Top breakout this month has signaled the start of a new upleg on trend. Initial upside resistance may appear in two zones, $149.30 to $153.30, and then $158.50 to $161.70. Initial support appears near $136.50 based on a 3-box reversal.

BMO India Equity Index ETF (ZID.TO) & Dow Jones Utility Average (DUX.I)

In this week’s issue of Equity Leaders Weekly, we take a look at stocks in India and at US Utility stocks as indicators of widening geographic and sector breadth supporting the current bullish trend in world stock markets.

Gildan Activewear (GIL.TO)

Gildan Activewear (GIL.TO) shares have been steadily climbing and recently completed a bullish Double Top signaling the start of a new upleg and confirming the current uptrend. Next potential upside resistance appears near $30.40. Initial support appears near $25.40 based on a 3-box reversal.

Toromont Industries (THI.TO)

Heavy equipment dealership Toromont Industries (TIH.TO) shares broke through $80.00 yesterday to another new high, confirming that its current uptrend continues. Next potential upside resistance appears near $87.50, $92.50 and $97.50 based on measured moves, then the $100.00 round number.

Brookfield Property Partners (BPY.UN.TO)

Diversified REIT Brookfield Property Partners (BPY.UN.TO) shares have recently completed a bullish Spread Double Top pattern and are continuing to advance. The units are approaching initial resistance in the $17.50 to $18.20 zone where a downtrend line plus previous column highs and lows cluster. A breakthrough there would confirm the start of a new uptrend with initial support appearing near $15.85 based on a 3-box reversal.

Paycom Software Inc. (PAYC)

Shares of Paycom Software (PAYC) have caught fire lately, rallying for six straight days in a surge upward from near $270 to close above $320 on Friday, regaining $300 and snapping a downtrend line along the way. Next potential resistance appears at the previous peak near $342, where a breakout would confirm the start of a new uptrend. Initial support appears in the $300-$310 area.

Etsy Inc. (ETSY)

Online art and crafts retailer Etsy (ETSY) shares have started to swing back upward snapping a downtrend line and climbing back up to the top of its current $100.00 to $137.50 trading range. Next potential upside resistance tests on a breakout may appear near the $150.00 round number, then near $175.00 based on a measured move.

iShares PHLX Semiconductor ETF (SOXX) & iShares US Basic Materials ETF (IYM)

In this week’s issue of Equity Leaders Weekly, we consider what recent trading activity in the Semiconductor and Materials sectors is telling us about investor sentiment, and the state of the current market correction.

Cascades Inc. (CAS.TO)

Paper producer Cascades (CAS.TO) has attracted significant new interest in recent days, staging a breakaway gap, then breaking out to a new high and continuing upward on increased volume. Next potential upside resistance on trend may appear near $18.25 then $20.50. Initial support appears near $15.50.

Transcontinental Inc. (TCL.A.TO)

Back in the spring commercial printer Transcontinental Inc. (TCL.A.TO) shares successfully retested support near $10.00 followed by a rally that snapped a long-term downtrend line. Since then shares have been building a base for recovery with a bullish Ascending Triangle forming. The shares have been approaching the top of the triangle recently, where a breakout would confirm the start of a new uptrend.

Restaurant Brands International (QSR.TO)

Restaurant Brands International (QSR.TO) recently completed a successful retest of support at the bottom of its current $70.00 to $80.00 trading channel. Lately, signs of renewed accumulation have emerged with the shares starting to climb again and snapping out of a downtrend. A breakout over $80.00 would complete the current consolidation phase and confirm the start of a new advance.

Brookfield Renewable Partners (BEP.UN.TO)

Brookfield Energy Partners (BEP.UN.TO) units have been under accumulation for several months, completing a series of bullish Double Top patterns, including Friday’s breakout to a new all-time high which signaled the start of a new advance. A cluster of vertical and horizontal counts suggest that next potential resistance may appear in the $76.70 to $79.80 range. Initial support appears near $59.30 based on a 3-box reversal.

Darden Restaurants Inc. (DRI)

Darden Restaurants (DRI) shares staged a major breakout yesterday, blasting through $92.50 to complete a bullish Ascending Triangle and to signal the start of a new advance. Next potential upside resistance appears near $107.50. Initial support appears in the $90.00 to $92.50 area between a round number and the recent breakout point.

Sector Scopes Update & iShares US Regional Banks ETF (IAT)

It has been a mixed week for technical action across asset classes. The signs of stabilization in equity markets that had emerged last week have evaporated this week with signs emerging of a deepening and broadening correction. In this week’s issue of Equity Leaders Weekly, we look at what deteriorating technicals in the sector scopes charts and the US Regional Banks are telling us about investor sentiment.

Metro Inc. (MRU.TO)

Grocer Metro Inc. (MRU.TO) spent much of 2020 to date in consolidation mode, although higher lows indicated continued underlying accumulation, and bullish Triple Top and Spread Double Top breakouts remained active. This month, accumulation has accelerated with the shares completing a bullish ascending triangle pattern, completing a consolidation phase, and signaling the start of a new advance.

Twitter Inc. (TWTR)

Earlier this month, Twitter (TWTR) staged a 12% correction following a 38% advance, which was slightly less than a common 38% retracement. In the last few days, the shares have turned back upward and appear to be resuming the uptrend which started back in March. A breakout over $44.00 would complete a bullish double top pattern and signal the start of a new upleg with next potential upside resistance tests near $45.80.

Zoom Video Communications Inc. (ZM)

Through 2020, Zoom Video Communications (ZM) shares have been under steady accumulation, advancing in a rising channel of higher highs and higher lows. Earlier this month, the shares staged a correction which was contained within a previous gap and the channel. Since establishing support near $345 the primary uptrend has resumed and yesterday the shares staged a major breakout, clearing $475 to trade at a new all-time high.

Canada Goose (GOOS.TO)

A long-term downtrend in parka producer Canada Goose (GOOS.TO) bottomed out in a 3-day Morning Star candlestick pattern back in March. For the last six months, the shares have been base building, with higher lows below $35.00 forming a bullish Ascending Triangle pattern.
GOOS.TO staged a major breakout on Friday, blasting through $35.00 (which reverses polarity to become initial support), and rallying up through $38.50. Next potential upside resistance appears near $45.00 based on a measured move, followed by the $50.00 round number on trend.

WestRock Company (WRK)

Packaging producer WestRock (WRK) shares staged a major breakout yesterday, blasting through $35.00 which reverses polarity to become initial support, and snapping a long-term downtrend line. With accumulation accelerating, next potential resistance tests appear near $42.75 and $45.00 based on previous highs, then $46.00 based on a measured move and the $50.00 round number.

Sector Scope Update & iShares Residential Real Estate Capped ETF (REZ)

The equity market correction which unfolded in some high momentum stocks in the early part of September appears to have run its course for now. The worst of the damage appears to have been contained to selected high momentum stocks, mainly in technology and communications, which had become particularly overbought technically by early September. Scheduled news flow, both economic and corporate, is light for the coming week as is common near the end of the quarter between earnings. In this week’s issue of Equity Leaders Weekly, we look at what the sector scopes charts are telling us about investor sentiment toward broad markets and specific sectors and also at the impact of low interest rates on the residential real estate sector.

Delta Air Lines Inc. (DAL)

Since bottoming out in May, Delta Air Lines (DAL) shares have been steadily regaining lost altitude, initially rallying toward $37.50 then establishing support at a higher low near $25.00 before regaining $30.00 again and advancing toward $35.00.
Initial upside resistance appears in the $37.00 to $37.50. A breakthrough there would confirm the start of a new uptrend with next resistance tests after that potentially near $42.50 at the top of an old gap, then $50.00 where a measured move and a round number converge. Initial support appears near $32.50 then $30.00.

The North West Company (NWC.TO)

The North West Company (NWC.TO) has soared 60 spots in the SIA S&P/TSX Composite Index Report climbing from the red zone to the top of the Yellow Neutral Zone, one spot outside of the Green Zone. Since bottoming out in March, shares have been under renewed accumulation. This week, the shares have broken through $31.50 to a new high, signaling the start of a new upleg.

Teck Resources Ltd. (TECK.B.TO)

Base metal miner Teck Resources Ltd. (TECK.B.TO) shares gained 4.8% yesterday and are up 17.0% in the last week. The stock has climbed up to top spot in the Green Favored Zone of the SIA S&P/60 Index Report. Upside resistance may first appear between $19.50 and $20.00 where a measured moved and round number converge, then near $22.75 where previous resistance and a measured move cluster.

Lyondellbasell IND NV (LYB)

Coming out of a spring recovery rally, LyondellBasell (LYB) shares spent the summer trending sideways with higher lows and lower highs forming a symmetrical consolidation triangle. Earlier this month, the shares broke out over $72.50, completing the triangle and signaling a new advance which continued with Friday’s breakout over $74.00.

Leggett & Platt Inc. (LEG)

The bullish trend seen in Bedding and furniture producer Leggett & Platt’s (LEG) shares has recently received positive confirmation from a Golden Cross of the 50-day average back above the 200-day average, and a breakout that filled in an old gap.
Next potential upside resistance appears at previous highs and lows near $47.50 and $53.50 with the $50.00 round number in between them. Initial support appears between $40.00 and $42.00.

Caterpillar Inc. (CAT)

The technical picture for Caterpillar (CAT) continues to improve with a number of recent bullish signals appearing lately, including, the snapping of a long-term downtrend line, breakouts over $145 and $150 to their highest level since early 2018, and a Golden Cross of the 50 and 200 day averages. Next potential upside resistance appears at the previous high near $162, followed by $175 where a round number and measured move converge.

Lumber Continuous Contract (LB.F) & Gasoline Continuous Contract (RB.F)

September has historically been one of the weakest months of the year for equity markets and this month has started with equities hitting some turbulence coming out of a strong August. Between the close on Wednesday September 2, and the close on Tuesday September 8, three trading days, the NASDAQ Composite fell 10.0%, the S&P 500 fall 6.9% and the S&P/TSX Composite slip 3.5%. In this week’s issue of Equity Leaders Weekly, we look at the implications for market sentiment from a recent downturn in the prices of Lumber and Gasoline.

General Motors (GM)

Recent gains in General Motors (GM) shares keep adding to a series of technically bullish developments over the last few months, including the completion of a Quadruple Top base in May and the snapping of a downtrend line in August. Clearing $30.75, the shares completed a bullish Spread Double Top pattern, signaling the start of a new upleg which remains active.

Viacom CBS Inc. CL B (VIAC)

Broadcaster ViacomCBS (VIAC) staged a major breakout on Friday clearing $28.00 to complete a bullish Ascending Triangle. Next potential upside resistance appears in the $34.00 to $35.00 area where a measured move and a round number cluster. Initial support appears at the 200-day average near $26.00.

PVH Corp. (PVH)

Clothing producer has staged a major breakout, blasting through $58.00 to complete a bullish Ascending Triangle base and then driving up through $60.00 toward its 200-day moving average. Next potential resistance appears in the $68.00 to $70.00 range where a measured move, round number and the June high converge. Initial support moves up to the $58.00 breakout point.

Alphabet Inc. – (GOOG)

Alphabet (GOOG) broke out to a new all-time high yesterday, confirming ongoing accumulation and signaling the start of a new advance in an uptrend which started back in March. Next potential upside resistance appears near $1,900 then $2,050 based on measured moves.

Russell 2000 Index (RLS.I) & Soybeans Continuous Contract (S.F)

In this week’s issue of Equity Leaders Weekly, we take a look at recent breakouts for the Russell 2000 and Soybeans as indicators of increasing breadth in equities and commodities.

Albemarle Corp. (ALB)

Specialty chemical producer Albemarle (ALB) shares have been under steady accumulation staging a major breakout on volume yesterday they closed at their highest level since late 2018.
Next potential upside tests appear at previous resistance near $105.00, then the $115.00-$120.00 area.

Advanced Micro Devices (AMD)

A major breakout is underway in Advanced Micro Devices (AMD) which rallied to a new all-time yesterday, completing its second bullish Ascending Triangle pattern of the year and signaling the start of a new upleg. Next potential resistance tests on trend appear near the $100.00 round number, Initial support appears near the $86.00 breakout point, then trend support near $82.00.

Expedia Group Inc. (EXPE)

Building on a recent bullish Spread Double Top breakout, Expedia (EXPE) broke through the $100.00 round number barrier and snapped a 45-degree downtrend line, confirming that a new uptrend is underway. Next potential upside resistance appears in the $116.00 to $120.00 range based on vertical and horizontal counts from the point and figure chart.

Norbord Inc. (OSB.TO)

Norbord Inc. manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company reported better than expected earnings on August 5th by beating the estimate by 0.18/share which has given the stock increased momentum into this new upleg towards its 2018 highs of $58.92.

Consumer Discretionary ETF (XLY) vs. Consumer Staples ETF (XLP) & High Grade Copper Continuous Contract (HG.F)

In this edition of Equity Leaders Weekly, we look at a comparison point and figure chart of the Select Sector SPDR Consumer Discretionary ETF (XLY) vs. Select Sector SPDR Consumer Staples ETF (XLP), as well as the High Grade Copper Continuous Contract (HG.F).

Qualcomm Inc. (QCOM)

Qualcomm Inc. designs, develops, manufactures, and markets digital communication products worldwide. The company released favorable 3rd quarter financials on July 29th which caused the stock to gap and run above its prior all time high of $100 which was set way back in January 2000.

JDCOM ADS (JD)

Even throughout the broader market selloff, shares of JDCOM ADS (JD) performed quite well relative to the broader markets and was one of the earlier stocks to recover shortly thereafter. Most recently, price gapped and closed above its prior high of $69.17 when the company beat the earnings estimate by $1.09 which was reported on August 17th. Price has yet to come back down and test this newly formed support level.

Adobe Systems Inc. (ADBE)

Adobe Systems Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Adobe’s shares have been on a tear as of late, breaking out to new all time highs surpassing its old high back in Feb when the Pandemic induced sell off ensued. A new upleg looks to have potentially materialized when it confirmed its breakout point last week.

Agnico Eagle Mines Ltd. (AEM.TO)

After a brief period of relative weakness earlier in the spring, Agnico Eagle Mines had re-entered the Favored Zone of the SIA TSX 60 Index Report on June 30th. Since that time, the stock has had a very nice move from $86.93 to Friday’s close at $104.86 which is a positive 20.6% move while in the favored zone in less than 2 months. It currently remains in the Favored Zone of the SIA TSX 60 report in the #1 spot.

Stella Jones Inc. (SJ.TO)

Stella Jones Inc. which produces, markets, and sells pressure treated wood products in North America saw a surge in their share price on July 27th breaking through prior resistance around $38. After a week of consolidation SJ.TO gaped higher on Wednesday August 5th after reporting earnings of 1.02 beating the estimate of 0.74. Watch for potential near term minor support around the $45 round number.

S&P/TSX Composite Index (TSX.I) & the Select Sector SPDR Financial ETF (XLF)

This week in the Equity Leaders Weekly we take a look at our home market the S&P/TSX Composite Index (TSX.I), as well as a sector ETF from our neighbors to the south with a review of the Select Sector SPDR Financial ETF.

The Michaels Companies Inc. (MIK)

Since hitting a low of $1.00 back on March 18th, shares of MIK have surged 845% to close yesterday at $9.45. A breakout rally carried the shares above prior resistance at $8.68 completing a bullish Spread Double Top pattern and signaling the start of a new upleg.

Royal Caribbean Cruises Ltd. (RCL)

Leisure cruise line operator Royal Caribbean’s (RCL) shares have been on a steady climb since bottoming out this past March. Since the end of May RCL has not dropped below the yellow neutral zone within the SIA S&P 500 Index Report even though the leisure industry as a whole has been under immense pressure due to global travel shutdowns and restrictions.

Sun Life Financial (SLF.TO)

Financial Services provider Sun Life (SLF.TO) recently surged back above $53.50, a price that it has not been above since early March after hitting a low of $35.43 during the Corona Virus sell off. With its bullish SMAX score of 9, SLF.TO is exhibiting near-term strength against the asset classes.

Canadian Tire Corp. (CTC.A.TO)

Retailer Canadian Tire Corp. (CTC.A.TO) has bounced back after reporting a second-quarter loss amid temporary store closures and is looking to breakout over $130 and challenge levels it was at earlier this year in the $140 range.

Nike Inc. (NKE)

Athletic clothing producer Nike (NKE) staged a major breakout yesterday by blasting through the top of a $95-$105 trading range and closing above its prior all time high made last January of $105.62. Next potential measured resistance tests appear near $115 and then the $125 round number.

SPDR S&P Retail ETF & NASDAQ Biotech Index

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

Union Pacific (UNP)

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

Magna International (MG.TO)

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

Dow Inc. (DOW)

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

Daily Stock Report – Fedex Corp. (FDX)

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

Daily Stock Report – Badger Daylighting (BAD.TO)

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

Dow Jones Transportation Average & USD/CAD

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

Daily Stock Report – Mastercard (MA)

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

Daily Stock Report – The Mosaic Company (MOS)

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

Daily Stock Report – Texas Instruments (TXN)

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

Daily Stock Report – Celestica (CLS.TO)

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

Gold & Russell 2000 Index

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

Daily Stock Report – Gap Inc. (GPS)

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

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

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

Daily Stock Report – Weyerhauser (WY)

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

SIACharts featured in Wealth Professional Magazine

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

Daily Stock Report – Interfor (IFP.TO)

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

Daily Stock Report – Whirlpool Corp (WHR)

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

SIACharts Equity Leaders Weekly

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

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

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

Daily Stock Report – Abiomed (ABMD)

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

Daily Stock Report – Twitter Inc. (TWTR)

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

Daily Stock Report – PulteGroup Inc. (PHM)

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

Daily Stock Report – L Brands Inc. (LB)

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

SIACharts Equity Leaders Weekly

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

Daily Stock Report – Hanesbrands Inc. (HBI)

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

DAILY STOCK REPORT – ALIGN TECHNOLOGY INC. (ALGN)

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

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

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

Daily Stock Report – Carrier Global Corp. (CARR)

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

Daily Stock Report – Fortinet Inc. (FTNT)

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

Equity Leaders Weekly – DAX.F and CL.F

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

New Website Released!

SIACharts has released a new website!

SIACharts featured in Wealth Professional Magazine

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

New Website Released!

SIACharts has released a new website!

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.

Etsy Inc. (ETSY)

In recent weeks, shares of Etsy Inc. (ETSY) had been consolidating between $125.00 and $150.00, but on Friday, renewed interest propelled the shares up through $150.00. This breakout to a new all-time high has signaled the start of a new rally phase.

Bank of Montreal (BMO.TO)

Bank of Montreal (BMO.TO) shares have been steadily recovering since March and completed a bullish Ascending Triangle base back in August. After consolidating for three months in a higher range, the recent breakout over $84.00, an old support level, signaled the start of the current advance.

Canadian Natural Resources Ltd. (CNQ.TO)

Canadian Natural Resources (CNQ.TO) is the highest ranked stock from the resurgent Energy sector in the SIA S&P/TSX 60 Index report, having moved up 1 spot yesterday and 47 spots in the last month to 6th place, near the top of the Green Favored Zone.

Metlife Inc. (MET)

Accumulation in MetLife (MET) shares has accelerated dramatically in the last month. The recent breakout over $42.00 completed a bullish Ascending Triangle and after retesting the breakout point as new support, the shares have continued to advance.

Schlumberger Ltd. (SLB)

After spending over five years as a cellar-dweller, stuck in the red zone of the SIA S&P 100 Index Report, oilfield service giant Schlumberger (SLB) has seen its relative strength rebound this year. After moving up 10 spots in one day and 68 spots in the last month, SLB shares returned to the Green Favored Zone yesterday for the first time since June and the second time since 2014.

ViacomCBS Inc. (VIAC)

Shares of ViacomCBS (VIAC) have established an upward trend of higher lows completing a series of bullish Ascending Triangle pattern breakouts. Last week, the shares completed their most recent breakout with the next potential resistance appearing near the $40.00 round number.

Simon Property Group (SPG)

Shopping mall owner Simon Property Group continues to climb within the Green Favored Zone in the SIA S&P 100 Index Report. Yesterday it moved up another two spots to 11th place and it has climbed 36 spots in the last month.

West Fraser Timber (WFT.TO)

Coming off of a strong six-month rally that saw the shares of West Fraser Timber (WFT.TO) snap out of a long-term downtrend, recent trading appears to be a normal consolidation within an emerging upward trend. A breakout over $75.00 would signal the start of a new upleg with next potential resistance in the $90.00 to $100.00 range. Initial support currently appears near $65.00.

Equitable Group Inc. (EQB.TO)

Personal and commercial bank Equitable Group (EQB.TO) recently returned to the Green Favored Zone in the SIA S&P/TSX Composite Index Report and continues to move up the rankings. Yesterday it finished in 23rd place, up 3 spots on the day and up 62 places over the last month.

Boeing (BA)

So far this month, shares of Boeing (BA) have snapped a downtrend line, staged two breakaway gaps to the upside and climbed back above the $200.00 round number, all on increased volume, indicating that accumulation has resumed and a new upward trend has commenced.
Next potential upside resistance appears at the June high near $230.00. Initial support appears near $188.00, the bottom of yesterday’s gap.

Home Capital Group Inc. (HCG.TO)

Accumulation in Home Capital Group (HCG.TO) shares has accelerated lately, particularly following a recent breakout over $25.00, which completed a bullish Ascending Triangle pattern, and advance on $27.50. On Friday it climbed another two spots within the green favored zone of the SIA S&P/TSX Composite Index Report to 26th place and has moved up 66 spots in the last month.

Intertape Polymer Group (ITP.TO)

Since bottoming out in March, Intertape Polymer Group (ITP.TO) shares have been recovering in a step pattern of rallies followed by periods of consolidation at higher levels. Yesterday, the shares staged a major breakout, clearing $16.60 to complete a bullish Double Top pattern, then driving up through the $20.00 round number to confirm the start of a new upleg.

Linamar Corp. (LNR.TO)

Shares of auto parts producer Linamar Corp. (LNR.TO) staged a major breakout to the upside yesterday. Having already snapped out of a long-term downtrend back in September, yesterday the shares blasted through the $50.00 round number to complete a Reverse Head and Shoulders Base pattern and confirm the start of a new uptrend.

Methanex (MX.TO)

A major breakout is underway in Methanex* (MX.TO) shares which blasted through $40.00 yesterday to confirm increasing accumulation and that a new upleg has started within an emerging recovery trend. Initial resistance appears in the $50.00 to $52.50 area. Initial support moves up to the $40.00 breakout point. *Methanex is held in some portfolios managed by SIA Wealth Management

Sun Life Financial Inc. (SLF.TO)

With a gain of 5 spots yesterday, insurer Sun Life Financial (SLF.TO) has returned to the Green Favored Zone of the SIA S&P/TSX 60 Index report for the first time since February. From March through August, Sun Life Financial (SLF.TO) shares steadily recovered from the winter market crash, establishing an upward trend of consistently higher lows and completing two bullish Ascending Triangle patterns.

Magna International Inc. (MG.TO)

A bullish breakaway gap and a breakout over $75.00 for the first time since the summer of 2018 has signaled the start of a new upleg auto parts producer Magna International (MG.TO) shares. Initial resistance may appear at the June 2018 peak near $80.00. Initial support appears near the $70.00 round number.

Lightspeed POS Inc. (LSPD.TO)

Since we last mentioned Lightspeed POS* (LSPD.TO) in the July 3rd issue of the Daily Stock Report, the shares have climbed 43.0%. Yesterday it continued its recent move up within the Green Favored Zone of the SIA S&P/TSX Composite Index report, climbing 22 spots to 4th place.

Calalent Inc. (CTLT)

Catalent Inc. (CTLT), a pharmaceutical company, has been climbing within the Green Favored Zone of the SIA S&P 500 Index Report since it joined the Index in September. In the last month, the shares have moved up 30 spots to 21st place.

LKQ Corp. (LKQ)

Automotive aftermarket parts and accessories producer LKQ Corp. (LKQ) staged a major double breakout over $32.50 yesterday, not only completing a bullish Ascending Triangle base, but also snapping a downtrend line, combining to signal the start of a new uptrend.

Newell Rubbermaid (NWL)

Household products producer Newell Rubbermaid (NWL) broke out of a long-term downtrend clearing $15.00 and since then they have remained under accumulation establishing an uptrend of consistently higher lows. Recently, the shares have broken out over $17.50, which has reversed polarity from resistance to support. Initial resistance appears near the $20.00-$21.00 area.

First Quantum Minerals Ltd. (FM.TO)

First Quantum (FM.TO) shares staged a major breakout on Friday, clearing $14.75 and $15.00 to trade at their highest level since April of 2018. This breakout confirms the summer snapping of a downtrend line and signals the start of a new upleg within a growing recovery trend.

Colliers International Group Inc. (CIGI.TO)

For the last seven months, Colliers International (CIGI.TO) shares have been steadily recovering lost ground. While a trend of higher lows indicated continuing accumulation, the shares had struggled with resistance at the $90.00 level. This week, the shares have broken through the $90.00 barrier, completing a bullish Ascending Triangle base and signaling the start of a new advance.

General Electric Co. (GE)

General Electric’s (GE) 4.5% advance on positive earnings made it the only stock in the SIA S&P 100 Index Report to post a gain yesterday. The rally enabled the shares to climb up out of the Red Zone for the first time since March, into the Yellow Neutral Zone. The shares moved up 6 spots yesterday and have climbed 48 spots in the last month.

Zoom Video Communications Inc. (ZM)

This is a classic example of how resistance levels can reverse polarity and become support levels following a breakout. Earlier this month, Zoom Video Communications broke through the $500 round number to complete a bullish Ascending Triangle pattern and signal the start of a new upleg. After encountering resistance near $590, the shares dropped back but successfully retested $500 as new support and yesterday they turned upward once again.

Corus Entertainment (CJR.B.TO)

In the last week, accumulation in Corus Entertainment (CJR.B.TO) has clearly accelerated with the shares rallying up off of a successful test of trend support, staging a breakaway gap to the upside, snapping out of a long-term downtrend and breaking through $3.50 to complete a bullish Ascending Triangle pattern. Next potential resistance appears near $4.00 then $5.00 on trend.

Under Armour Inc. (UAA)

Earlier this month, Under Armour (UAA) shares completed a bullish Ascending Triangle base with a breakout over $12.00. Since then, the shares have remained under accumulation, steadily climbing toward initial potential resistance in the $15.00 to $15.50 range where a round number, measured move and previous support converge. Initial support has moved up toward $13.50 from the $12.00 breakout point.

Ford Motor Company (F)

Ford Motor Company (F) returned to the Green Favored Zone in the SIA S&P 100 Index Report yesterday after climbing eight spots. With the exception of a brief visit in June, Ford had been out of the green zone since December of 2013 spending most of the last seven years stuck deep in the red zone. A major breakout is underway with shares completing a bullish Ascending Triangle base with a move up over $7.50, Next potential upside resistance appears near $8.75.

Hudbay Minerals Inc. (HBM)

Hudbay Minerals Inc. (HBM.TO) has been under accumulation for over six months now, snapping a downtrend line back in May and completing a bullish Ascending Triangle Base with a breakout over $5.50 back in August. Initial upside resistance tests appear near a measured $7.25, then the $7.50 round number. Initial support appears near the $6.25 recent breakout point.

General Motors (GM)

Since we last mentioned GM in the September 9th issue of the Daily Stock Report, GM shares have gained 9.9% while the S&P 100 is up 2.8% over the same time period. A major breakout is underway as shares blasted through $33.50 and then $35.00 this week completing a bullish Ascending Triangle base, and snapped out of a downtrend. Next potential upside resistance on trend appears near the $40.00 round number. Initial support appears near the $33.50 breakout point.

Tapestry Inc. (TPR)

Tapestry (TPR) shares are testing $20.00, and a close above that level would confirm the start of a new uptrend. Next potential upside resistance after that appears in the $24.00 to $26.00 range, initial support appears near the $18.00 recent breakout point.

International Paper Co (IP)

International Paper (IP) shares have been climbing in a rising channel of higher highs and higher lows. The shares once again have broken out of their long-term downtrend, and this time, they have also broken out over $45.00, confirming that a new uptrend is underway. Next potential upside resistance appears near the $50.00 round number. Initial support moves up toward $44.00 from the $39.00 to $40.00 area.

Aritzia Inc. (ATZ.TO)

A positive reaction among investors to specialty retailer Aritzia’s (ATZ.TO) sparked a 13.8% rally in its shares yesterday. These gains drove Aritzia up 108 spots in the SIA S&P/TSX Composite Index Report yesterday moving directly from the red zone to the Green Favored Zone in one day. The shares are currently bumping up against initial resistance near $22.50 but if they can get through there, next potential upside resistance appears near the $25.00 round number.

Sleep Country Canada Holdings Inc. (ZZZ.TO)

Sleep Country (ZZZ.TO) shares snapped out of a long-term downtrend over the summer and established higher support in the $19.00 to $20.00 range. In the last few days, the shares have started to advance again, breaking through $22.00 to trade at their highest level so far in 2020, while support has moved up toward $21.00. Initial resistance appears near $22.50.

Eldorado Gold Corp. (ELD.TO)

Building on a recent bullish Triple Top breakout, Eldorado Gold (ELD.TO) broke through $16.75 to a new 52-week high yesterday, completing a bullish Spread Double Top and signaling the start of a new upleg. Next potential resistance appears in the $19.60 to $20.05 area and Initial support appears near $15.80 based on a 3-box reversal.

Element Fleet Management (EFN.TO)

Back in July, Element Fleet Management (EFN.TO) completed a bullish Ascending Triangle base with a large breakaway gap over $10.50. In a later correction, the shares partially filled in the gap, but held longer-term uptrend support near $10.50. In recent weeks, accumulation has resumed and the shares have been attempting to break out over $11.90 but need a close above that level to confirm the start of a new upleg.

Canadian Tire Corp. (CTC.A.TO)

After rallying in the spring and consolidating through the summer, Canadian Tire (CTC.A.TO) has resumed its upward course in the last few weeks. A bullish Double Top breakout this month has signaled the start of a new upleg on trend. Initial upside resistance may appear in two zones, $149.30 to $153.30, and then $158.50 to $161.70. Initial support appears near $136.50 based on a 3-box reversal.

Gildan Activewear (GIL.TO)

Gildan Activewear (GIL.TO) shares have been steadily climbing and recently completed a bullish Double Top signaling the start of a new upleg and confirming the current uptrend. Next potential upside resistance appears near $30.40. Initial support appears near $25.40 based on a 3-box reversal.

Toromont Industries (THI.TO)

Heavy equipment dealership Toromont Industries (TIH.TO) shares broke through $80.00 yesterday to another new high, confirming that its current uptrend continues. Next potential upside resistance appears near $87.50, $92.50 and $97.50 based on measured moves, then the $100.00 round number.

Brookfield Property Partners (BPY.UN.TO)

Diversified REIT Brookfield Property Partners (BPY.UN.TO) shares have recently completed a bullish Spread Double Top pattern and are continuing to advance. The units are approaching initial resistance in the $17.50 to $18.20 zone where a downtrend line plus previous column highs and lows cluster. A breakthrough there would confirm the start of a new uptrend with initial support appearing near $15.85 based on a 3-box reversal.

Paycom Software Inc. (PAYC)

Shares of Paycom Software (PAYC) have caught fire lately, rallying for six straight days in a surge upward from near $270 to close above $320 on Friday, regaining $300 and snapping a downtrend line along the way. Next potential resistance appears at the previous peak near $342, where a breakout would confirm the start of a new uptrend. Initial support appears in the $300-$310 area.

Etsy Inc. (ETSY)

Online art and crafts retailer Etsy (ETSY) shares have started to swing back upward snapping a downtrend line and climbing back up to the top of its current $100.00 to $137.50 trading range. Next potential upside resistance tests on a breakout may appear near the $150.00 round number, then near $175.00 based on a measured move.

Cascades Inc. (CAS.TO)

Paper producer Cascades (CAS.TO) has attracted significant new interest in recent days, staging a breakaway gap, then breaking out to a new high and continuing upward on increased volume. Next potential upside resistance on trend may appear near $18.25 then $20.50. Initial support appears near $15.50.

Transcontinental Inc. (TCL.A.TO)

Back in the spring commercial printer Transcontinental Inc. (TCL.A.TO) shares successfully retested support near $10.00 followed by a rally that snapped a long-term downtrend line. Since then shares have been building a base for recovery with a bullish Ascending Triangle forming. The shares have been approaching the top of the triangle recently, where a breakout would confirm the start of a new uptrend.

Restaurant Brands International (QSR.TO)

Restaurant Brands International (QSR.TO) recently completed a successful retest of support at the bottom of its current $70.00 to $80.00 trading channel. Lately, signs of renewed accumulation have emerged with the shares starting to climb again and snapping out of a downtrend. A breakout over $80.00 would complete the current consolidation phase and confirm the start of a new advance.

Brookfield Renewable Partners (BEP.UN.TO)

Brookfield Energy Partners (BEP.UN.TO) units have been under accumulation for several months, completing a series of bullish Double Top patterns, including Friday’s breakout to a new all-time high which signaled the start of a new advance. A cluster of vertical and horizontal counts suggest that next potential resistance may appear in the $76.70 to $79.80 range. Initial support appears near $59.30 based on a 3-box reversal.

Darden Restaurants Inc. (DRI)

Darden Restaurants (DRI) shares staged a major breakout yesterday, blasting through $92.50 to complete a bullish Ascending Triangle and to signal the start of a new advance. Next potential upside resistance appears near $107.50. Initial support appears in the $90.00 to $92.50 area between a round number and the recent breakout point.

Metro Inc. (MRU.TO)

Grocer Metro Inc. (MRU.TO) spent much of 2020 to date in consolidation mode, although higher lows indicated continued underlying accumulation, and bullish Triple Top and Spread Double Top breakouts remained active. This month, accumulation has accelerated with the shares completing a bullish ascending triangle pattern, completing a consolidation phase, and signaling the start of a new advance.

Twitter Inc. (TWTR)

Earlier this month, Twitter (TWTR) staged a 12% correction following a 38% advance, which was slightly less than a common 38% retracement. In the last few days, the shares have turned back upward and appear to be resuming the uptrend which started back in March. A breakout over $44.00 would complete a bullish double top pattern and signal the start of a new upleg with next potential upside resistance tests near $45.80.

Zoom Video Communications Inc. (ZM)

Through 2020, Zoom Video Communications (ZM) shares have been under steady accumulation, advancing in a rising channel of higher highs and higher lows. Earlier this month, the shares staged a correction which was contained within a previous gap and the channel. Since establishing support near $345 the primary uptrend has resumed and yesterday the shares staged a major breakout, clearing $475 to trade at a new all-time high.

Canada Goose (GOOS.TO)

A long-term downtrend in parka producer Canada Goose (GOOS.TO) bottomed out in a 3-day Morning Star candlestick pattern back in March. For the last six months, the shares have been base building, with higher lows below $35.00 forming a bullish Ascending Triangle pattern.
GOOS.TO staged a major breakout on Friday, blasting through $35.00 (which reverses polarity to become initial support), and rallying up through $38.50. Next potential upside resistance appears near $45.00 based on a measured move, followed by the $50.00 round number on trend.

WestRock Company (WRK)

Packaging producer WestRock (WRK) shares staged a major breakout yesterday, blasting through $35.00 which reverses polarity to become initial support, and snapping a long-term downtrend line. With accumulation accelerating, next potential resistance tests appear near $42.75 and $45.00 based on previous highs, then $46.00 based on a measured move and the $50.00 round number.

Delta Air Lines Inc. (DAL)

Since bottoming out in May, Delta Air Lines (DAL) shares have been steadily regaining lost altitude, initially rallying toward $37.50 then establishing support at a higher low near $25.00 before regaining $30.00 again and advancing toward $35.00.
Initial upside resistance appears in the $37.00 to $37.50. A breakthrough there would confirm the start of a new uptrend with next resistance tests after that potentially near $42.50 at the top of an old gap, then $50.00 where a measured move and a round number converge. Initial support appears near $32.50 then $30.00.

The North West Company (NWC.TO)

The North West Company (NWC.TO) has soared 60 spots in the SIA S&P/TSX Composite Index Report climbing from the red zone to the top of the Yellow Neutral Zone, one spot outside of the Green Zone. Since bottoming out in March, shares have been under renewed accumulation. This week, the shares have broken through $31.50 to a new high, signaling the start of a new upleg.

Teck Resources Ltd. (TECK.B.TO)

Base metal miner Teck Resources Ltd. (TECK.B.TO) shares gained 4.8% yesterday and are up 17.0% in the last week. The stock has climbed up to top spot in the Green Favored Zone of the SIA S&P/60 Index Report. Upside resistance may first appear between $19.50 and $20.00 where a measured moved and round number converge, then near $22.75 where previous resistance and a measured move cluster.

Lyondellbasell IND NV (LYB)

Coming out of a spring recovery rally, LyondellBasell (LYB) shares spent the summer trending sideways with higher lows and lower highs forming a symmetrical consolidation triangle. Earlier this month, the shares broke out over $72.50, completing the triangle and signaling a new advance which continued with Friday’s breakout over $74.00.

Leggett & Platt Inc. (LEG)

The bullish trend seen in Bedding and furniture producer Leggett & Platt’s (LEG) shares has recently received positive confirmation from a Golden Cross of the 50-day average back above the 200-day average, and a breakout that filled in an old gap.
Next potential upside resistance appears at previous highs and lows near $47.50 and $53.50 with the $50.00 round number in between them. Initial support appears between $40.00 and $42.00.

Caterpillar Inc. (CAT)

The technical picture for Caterpillar (CAT) continues to improve with a number of recent bullish signals appearing lately, including, the snapping of a long-term downtrend line, breakouts over $145 and $150 to their highest level since early 2018, and a Golden Cross of the 50 and 200 day averages. Next potential upside resistance appears at the previous high near $162, followed by $175 where a round number and measured move converge.

General Motors (GM)

Recent gains in General Motors (GM) shares keep adding to a series of technically bullish developments over the last few months, including the completion of a Quadruple Top base in May and the snapping of a downtrend line in August. Clearing $30.75, the shares completed a bullish Spread Double Top pattern, signaling the start of a new upleg which remains active.

Viacom CBS Inc. CL B (VIAC)

Broadcaster ViacomCBS (VIAC) staged a major breakout on Friday clearing $28.00 to complete a bullish Ascending Triangle. Next potential upside resistance appears in the $34.00 to $35.00 area where a measured move and a round number cluster. Initial support appears at the 200-day average near $26.00.

PVH Corp. (PVH)

Clothing producer has staged a major breakout, blasting through $58.00 to complete a bullish Ascending Triangle base and then driving up through $60.00 toward its 200-day moving average. Next potential resistance appears in the $68.00 to $70.00 range where a measured move, round number and the June high converge. Initial support moves up to the $58.00 breakout point.

Alphabet Inc. – (GOOG)

Alphabet (GOOG) broke out to a new all-time high yesterday, confirming ongoing accumulation and signaling the start of a new advance in an uptrend which started back in March. Next potential upside resistance appears near $1,900 then $2,050 based on measured moves.

Albemarle Corp. (ALB)

Specialty chemical producer Albemarle (ALB) shares have been under steady accumulation staging a major breakout on volume yesterday they closed at their highest level since late 2018.
Next potential upside tests appear at previous resistance near $105.00, then the $115.00-$120.00 area.

Advanced Micro Devices (AMD)

A major breakout is underway in Advanced Micro Devices (AMD) which rallied to a new all-time yesterday, completing its second bullish Ascending Triangle pattern of the year and signaling the start of a new upleg. Next potential resistance tests on trend appear near the $100.00 round number, Initial support appears near the $86.00 breakout point, then trend support near $82.00.

Expedia Group Inc. (EXPE)

Building on a recent bullish Spread Double Top breakout, Expedia (EXPE) broke through the $100.00 round number barrier and snapped a 45-degree downtrend line, confirming that a new uptrend is underway. Next potential upside resistance appears in the $116.00 to $120.00 range based on vertical and horizontal counts from the point and figure chart.

Norbord Inc. (OSB.TO)

Norbord Inc. manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company reported better than expected earnings on August 5th by beating the estimate by 0.18/share which has given the stock increased momentum into this new upleg towards its 2018 highs of $58.92.

Qualcomm Inc. (QCOM)

Qualcomm Inc. designs, develops, manufactures, and markets digital communication products worldwide. The company released favorable 3rd quarter financials on July 29th which caused the stock to gap and run above its prior all time high of $100 which was set way back in January 2000.

JDCOM ADS (JD)

Even throughout the broader market selloff, shares of JDCOM ADS (JD) performed quite well relative to the broader markets and was one of the earlier stocks to recover shortly thereafter. Most recently, price gapped and closed above its prior high of $69.17 when the company beat the earnings estimate by $1.09 which was reported on August 17th. Price has yet to come back down and test this newly formed support level.

Adobe Systems Inc. (ADBE)

Adobe Systems Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Adobe’s shares have been on a tear as of late, breaking out to new all time highs surpassing its old high back in Feb when the Pandemic induced sell off ensued. A new upleg looks to have potentially materialized when it confirmed its breakout point last week.

Agnico Eagle Mines Ltd. (AEM.TO)

After a brief period of relative weakness earlier in the spring, Agnico Eagle Mines had re-entered the Favored Zone of the SIA TSX 60 Index Report on June 30th. Since that time, the stock has had a very nice move from $86.93 to Friday’s close at $104.86 which is a positive 20.6% move while in the favored zone in less than 2 months. It currently remains in the Favored Zone of the SIA TSX 60 report in the #1 spot.

Stella Jones Inc. (SJ.TO)

Stella Jones Inc. which produces, markets, and sells pressure treated wood products in North America saw a surge in their share price on July 27th breaking through prior resistance around $38. After a week of consolidation SJ.TO gaped higher on Wednesday August 5th after reporting earnings of 1.02 beating the estimate of 0.74. Watch for potential near term minor support around the $45 round number.

The Michaels Companies Inc. (MIK)

Since hitting a low of $1.00 back on March 18th, shares of MIK have surged 845% to close yesterday at $9.45. A breakout rally carried the shares above prior resistance at $8.68 completing a bullish Spread Double Top pattern and signaling the start of a new upleg.

Royal Caribbean Cruises Ltd. (RCL)

Leisure cruise line operator Royal Caribbean’s (RCL) shares have been on a steady climb since bottoming out this past March. Since the end of May RCL has not dropped below the yellow neutral zone within the SIA S&P 500 Index Report even though the leisure industry as a whole has been under immense pressure due to global travel shutdowns and restrictions.

Sun Life Financial (SLF.TO)

Financial Services provider Sun Life (SLF.TO) recently surged back above $53.50, a price that it has not been above since early March after hitting a low of $35.43 during the Corona Virus sell off. With its bullish SMAX score of 9, SLF.TO is exhibiting near-term strength against the asset classes.

Canadian Tire Corp. (CTC.A.TO)

Retailer Canadian Tire Corp. (CTC.A.TO) has bounced back after reporting a second-quarter loss amid temporary store closures and is looking to breakout over $130 and challenge levels it was at earlier this year in the $140 range.

Nike Inc. (NKE)

Athletic clothing producer Nike (NKE) staged a major breakout yesterday by blasting through the top of a $95-$105 trading range and closing above its prior all time high made last January of $105.62. Next potential measured resistance tests appear near $115 and then the $125 round number.

Union Pacific (UNP)

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

Magna International (MG.TO)

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

Dow Inc. (DOW)

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

Daily Stock Report – Fedex Corp. (FDX)

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

Daily Stock Report – Badger Daylighting (BAD.TO)

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

Daily Stock Report – Mastercard (MA)

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

Daily Stock Report – The Mosaic Company (MOS)

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

Daily Stock Report – Texas Instruments (TXN)

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

Daily Stock Report – Celestica (CLS.TO)

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

Daily Stock Report – Gap Inc. (GPS)

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

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

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

Daily Stock Report – Weyerhauser (WY)

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

Daily Stock Report – Interfor (IFP.TO)

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

Daily Stock Report – Whirlpool Corp (WHR)

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

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

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

Daily Stock Report – Abiomed (ABMD)

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

Daily Stock Report – Twitter Inc. (TWTR)

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

Daily Stock Report – PulteGroup Inc. (PHM)

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

Daily Stock Report – L Brands Inc. (LB)

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

Daily Stock Report – Hanesbrands Inc. (HBI)

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

DAILY STOCK REPORT – ALIGN TECHNOLOGY INC. (ALGN)

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

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

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

Daily Stock Report – Carrier Global Corp. (CARR)

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

Daily Stock Report – Fortinet Inc. (FTNT)

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

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.

Dow Jones Industrial Average (DJI.I) & Crude Oil Continuous Contract (CL.F)

Investors have gone into the US Thanksgiving holiday in a good mood with a combination of more positive vaccine news, the start of a US presidential transition and the nomination of the market-friendly former Fed Chair Janet Yellen to become the Treasury Secretary in a Biden administration sending several indices including the Dow Industrials and the S&P 500 to new all-time highs. In this week’s issue of Equity Leaders Weekly, we take a look at the significance of this week’s breakouts in the Dow Jones Industrial Average and the Crude Oil price.

S&P/TSX Composite Index (TSX.I) & Gold Continuous Contract (GC.F)

Equity markets have been sending mixed signals to investors over the last week. In this week’s issue of Equity Leaders Weekly, we take a look at the S&P/TSX Composite Index and the price of Gold as indicators of changing investor sentiment.

iShares US Technology (IYW) & BMO Equal Weight Banks ETF (ZEB.TO)

In this week’s issue of Equity Leaders Weekly, we look at how investor sentiment toward the technology and banking sectors has changed recently as examples of a wider shift in investor attitudes.

Nasdaq Composite Index (NASD.I) & BMO China Equity Index ETF (ZCH.TO)

Despite the uncertainty in the Presidential race, markets appear to be responding favorably to the overall tone of the vote which saw the Republican majority in the Senate and the Democratic majority in the House of Representatives both decrease. In this week’s issue of Equity Leaders Weekly, we look at differences in market action and investor sentiment between the United States and China.

S&P 500 Index (SPX.I) & Franklin FTSE Germany ETF (FLGR)

Equity markets have come under the most pressure they have been under since last winter, as investors who had been acting like deer caught in the headlights earlier this month decided to head for the exits as many of the lingering uncertainties of the last few months became more real. In this week’s issue of Equity Leaders Weekly, we look at broad market action in the US and Germany as an indicator of differences in investor focus and sentiment between North America and Europe.

Sector Scopes Update & SPI Merged Continuous Contract (SPIM.F)

In this week’s issue of Equity Leaders Weekly, we look at what the monthly Sector Scopes and a breakout in Australia are telling us about US earnings expectations, capital flows within equity markets and investor sentiment toward the world economy and resource demand.

iShares US Pharmaceuticals ETF (IHE) & S&P/TSX Capped Real Estate Index (TTRE.I)

The long-awaited arrival of earnings season has brought a series of yawns from the street so far. Although initial results have been coming in stronger than expected overall, and banks have sharply scaled back their loan loss provision increases, stocks have started to backslide this week. In this week’s issue of Equity Leaders Weekly, we look at recent moves in the pharmaceuticals and real estate sectors as indicators of capital rotation between industry groups.

BMO India Equity Index ETF (ZID.TO) & Dow Jones Utility Average (DUX.I)

In this week’s issue of Equity Leaders Weekly, we take a look at stocks in India and at US Utility stocks as indicators of widening geographic and sector breadth supporting the current bullish trend in world stock markets.

iShares PHLX Semiconductor ETF (SOXX) & iShares US Basic Materials ETF (IYM)

In this week’s issue of Equity Leaders Weekly, we consider what recent trading activity in the Semiconductor and Materials sectors is telling us about investor sentiment, and the state of the current market correction.

Sector Scopes Update & iShares US Regional Banks ETF (IAT)

It has been a mixed week for technical action across asset classes. The signs of stabilization in equity markets that had emerged last week have evaporated this week with signs emerging of a deepening and broadening correction. In this week’s issue of Equity Leaders Weekly, we look at what deteriorating technicals in the sector scopes charts and the US Regional Banks are telling us about investor sentiment.

Sector Scope Update & iShares Residential Real Estate Capped ETF (REZ)

The equity market correction which unfolded in some high momentum stocks in the early part of September appears to have run its course for now. The worst of the damage appears to have been contained to selected high momentum stocks, mainly in technology and communications, which had become particularly overbought technically by early September. Scheduled news flow, both economic and corporate, is light for the coming week as is common near the end of the quarter between earnings. In this week’s issue of Equity Leaders Weekly, we look at what the sector scopes charts are telling us about investor sentiment toward broad markets and specific sectors and also at the impact of low interest rates on the residential real estate sector.

Lumber Continuous Contract (LB.F) & Gasoline Continuous Contract (RB.F)

September has historically been one of the weakest months of the year for equity markets and this month has started with equities hitting some turbulence coming out of a strong August. Between the close on Wednesday September 2, and the close on Tuesday September 8, three trading days, the NASDAQ Composite fell 10.0%, the S&P 500 fall 6.9% and the S&P/TSX Composite slip 3.5%. In this week’s issue of Equity Leaders Weekly, we look at the implications for market sentiment from a recent downturn in the prices of Lumber and Gasoline.

Russell 2000 Index (RLS.I) & Soybeans Continuous Contract (S.F)

In this week’s issue of Equity Leaders Weekly, we take a look at recent breakouts for the Russell 2000 and Soybeans as indicators of increasing breadth in equities and commodities.

Consumer Discretionary ETF (XLY) vs. Consumer Staples ETF (XLP) & High Grade Copper Continuous Contract (HG.F)

In this edition of Equity Leaders Weekly, we look at a comparison point and figure chart of the Select Sector SPDR Consumer Discretionary ETF (XLY) vs. Select Sector SPDR Consumer Staples ETF (XLP), as well as the High Grade Copper Continuous Contract (HG.F).

S&P/TSX Composite Index (TSX.I) & the Select Sector SPDR Financial ETF (XLF)

This week in the Equity Leaders Weekly we take a look at our home market the S&P/TSX Composite Index (TSX.I), as well as a sector ETF from our neighbors to the south with a review of the Select Sector SPDR Financial ETF.

SPDR S&P Retail ETF & NASDAQ Biotech Index

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

Dow Jones Transportation Average & USD/CAD

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

Gold & Russell 2000 Index

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

SIACharts Equity Leaders Weekly

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

SIACharts Equity Leaders Weekly

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

Equity Leaders Weekly – DAX.F and CL.F

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

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