Interpreting the Market: How Volatility and Behaviour Might Signal What’s Next

As markets rally and uncertainty lingers, understanding the signals behind price moves and investor behavior becomes crucial. This Equity Leaders Weekly report explores how volatility measures and Point and Figure charting which helps smooth out market noise might reveal what the market could be indicating about future risks and opportunities. Comparing Point and Figure patterns across different assets may also provide valuable confirmation for these signals.

SHOPIFY INC. (SHOP.TO)

Today, we are going to take a look at Shopify Inc. (SHOP.TO). Shopify recently entered the Favored Zone of the SIA S&P/TSX 60 Index report on May 12th at a price of $146.00 and is showing extremely strong relative strength moves up the S&P/TSX 60 report gaining 4 spots in the last week, 3 spots in the last month and a whooping 38 spots in the last quarter, exemplifying the consistent money flow increases in the shares over the past little while.

HASBRO INC. (HAS)

Shares of Hasbro Inc. (HAS) have gained strong momentum recently, entering the favored zone of the SIA S&P 500 Index and rallying sharply. This might reflect growing investor confidence driven by the company’s strategic shift toward high-margin digital gaming and licensing. Attached is a detailed overview of Hasbro’s technical strength and fundamental transformation supporting its recent stock performance.

GOLDMAN SACHS GROUP INC. (GS)

Goldman Sachs Group Inc. (GS) recently re-entered the Favored Zone of the SIA S&P 100 Index report on May 13th at a price of $603.81. The shares are showing strong relative strength moves up the SIA S&P 100 report gaining, 1 spot in the last week, 8 spots in the last month and 42 spots in the last quarter exemplify the consistent money flow increases in the shares over the past little while.

CORTEVA INC. (CTVA)

Corteva Inc. (CTVA) might be positioning itself as one of the top performers of 2025, with a 28.81% year-to-date gain that outpaces the S&P 500 by more than 21 percentage points. Its strong relative strength and 96-spot climb in the SIA S&P 500 Index report suggest growing momentum. As a leading global agricultural company specializing in seeds, crop protection, and digital agriculture solutions, Corteva may be proving to be one of the market’s standout names in the agriculture sector.

MORGAN STANLEY (MS)

Morgan Stanley (MS) recently re-entered the Favored Zone of the SIA S&P 100 Index report on May 12th at a price of $127.06. The shares are showing strong relative strength moves up the SIA S&P 100 report gaining, 1 spot in the last month and 32 spots in the last quarter exemplify the consistent money flow increases in the shares over the past little while.

UNITY SOFTWARE INC. (U)

Applovin (APP) showed long-term strength but is now signaling weakening momentum. Capital often shifts within sectors when leaders underperform, potentially moving to newer opportunities like Unity Software (U). Unity’s Vs. SMAX score of 6 out of 10 suggests growing relative strength. Its stock is trending higher, breaking $25 to $26 with strong sector support and a perfect SMAX score of 10. SIA’s 60,000-foot view of APP versus Unity highlights a possible rotation of leadership in ad tech. This technical picture might be suggesting a market shift.

TC ENERGY CORP. (TRP.TO)

In today’s edition of the Daily Stock Report, we are going to examine TC Energy Corp (TRP.TO). TRP.TO recently entered the Red Unfavored Zone in the SIA S&P/TSX Composite Index Report on June 13, 2025. The shares have faced significant underperformance, with a -3.11% decline over the past month, -0.36% in the quarter, and –0.83% year-to-date.

CENOVUS ENERGY (CVE.TO)

Cenovus Energy (CVE.TO) has continued to deteriorate since our December 2024 note, falling as much as -27% from its December report level and currently sitting -8.49% below that point, having rallied off support at $15.02. The stock remains deep in the unfavored zone of the SIA S&P/TSX 60 Index at position #50, with three years of point-and-figure technical resistance still hovering above.

PEMBINA PIPELINE CORP. (PPL.TO)

In today’s edition of the Daily Stock Report, we are going to examine Pembina Pipeline Corp (PPL.TO). PPL.TO recently entered the Red Unfavored Zone in the SIA S&P/TSX Composite Index Report on May 12, 2025. The shares have faced significant underperformance, with a -0.52% decline over the past month, -2.74% in the quarter, and –1.96% year-to-date.

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