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 π° β’ Canadian Energy Momentum: $CVE stands out with top relative strength among TSX 60 names, buoyed by sustained oil prices and Middle East geopolitical tensions. β’ 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. β’ 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 π CAD Investors: π¨π¦ β’ TSX Relative Strength Leader: $CVE (Cenovus Energy Inc.) β’ Energy Sector Core Benchmark: $XEG (iShares Core S&P/TSX Capped Energy Index ETF) β’ Canadian Broad Market Base: $XIC (iShares Core S&P/TSX Capped Composite Index ETF) USD Investors: πΊπΈ β’ S&P 100 Technical Leader: $MRK (Merck & Co., Inc.) β’ Strength Single-Country ETF: $EPOL (iShares MSCI Poland ETF) β’ 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.
124 views
0 Comments
No comments available.
Join the conversation with 500,000+ other investors πΈ
Create an account to get access to everything Blossom has to offer!
π Personalized algorithm based on your investing style, experience level and interests
π Powerful portfolio and dividend tracking tools
π See what top creators and others in the community are investing in