SIA Wealth Management's Chief Market Strategist Colin Cieszynski uses technical relative strength screening to identify top performers during volatile market pullbacks! This is a summary of his findings. Market Outlook 💰 • Canadian Energy Momentum: $CVE stands out with top relative strength among TSX 60 names, buoyed by sustained oil prices and Middle East geopolitical tensions. • Healthcare Relative Strength: $MRK showcases strong technical support in the S&P 100, driven by key oncology pipeline momentum and its strategic partnership with Moderna. • DIY Investor Takeaway: Combining technical relative strength screens with macro tailwinds helps identify resilient market leaders when broader indexes face seasonal volatility. Tickers to Watch 👀 CAD Investors: 🇨🇦 • TSX Relative Strength Leader: $CVE (Cenovus Energy Inc.) • Energy Sector Core Benchmark: $XEG (iShares Core S&P/TSX Capped Energy Index ETF) • Canadian Broad Market Base: $XIC (iShares Core S&P/TSX Capped Composite Index ETF) USD Investors: 🇺🇸 • S&P 100 Technical Leader: $MRK (Merck & Co., Inc.) • Strength Single-Country ETF: $EPOL (iShares MSCI Poland ETF) • US Mega-Cap Healthcare ETF: $XLV (Health Care Select Sector SPDR Fund) Do you use technical relative strength to find stock picks, or do you rely purely on fundamental metrics like P/E and yield? *** This is for educational and informational purposes only; not intended as financial or investment advice.
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