The following were posted on our Facebook and Twitter pages on July 10, 2020. Be sure to follow us on Social Media! Facebook – @RiversideAnalyticsInc Twitter – @RiversideAnalyt TSX Financials A big bounce of the bottom of it’s up-trending channel for TSX Financials XFN-TC. Gap remains open at 36.37. S&P 500 Large Cap Index SPY […]
The Real Estate Sector inside the TSX has been one of the worst performing sectors in 2020. However, the charts are indicating the stability in the sector may be on the way. The chart below of the BMO Equal Weight Real Estate ETF (ZRE-TC) shows an Inverse Head and Shoulders Pattern. This is a bullish […]
The TSX Financial Sector has been one of the weakest sectors in 2020 with a Year to Date Return of -17.9%. The weakness in the Financial Sector has been detected by our Heat Map Market Model Rankings (MMR). The image below illustrates the Financial Sector with a MMR of 33 while the TSX Index has […]
The four largest sectors inside the TSX Composite Index include; Financials (31.7% of the Index), Energy (19 % of the index), Materials (14.1% of the Index), and Industrials (11.2% of the Index). For additional information on the sector composition of the TSX, please see the following link; Composite Weighting Explained As these four sectors make […]
Our Heat Map Market Model Rankings, shown below, indicate that Utilities is one of the strongest sectors inside the TSX. Accordingly, investors looking for strength may want to look for long opportunities in this sector. While the TSX Utility Sector has resided in a consolidation pattern since Mid April 2020, as of the close […]