In this week’s Market in Motion, Bruce Campbell checks back in on the technical indicators he highlighted last episode — and this time, the board has shifted firmly into positive territory.
After a brief deterioration in short-term signals, Bruce notes that all indicators have now flipped to green as market momentum improves.
One major focus remains Bitcoin, which has seen a steep pullback of nearly 30 per cent from its highs. Despite the decline, Bruce points out that Bitcoin is now deeply oversold on a relative strength basis and may be in the early stages of forming a bottom.
Turning to sector leadership, gold and silver stocks continue to dominate the Canadian rankings, reflecting ongoing strength in precious metals. In the U.S., technology maintains its leadership position, with semiconductors beginning to re-accelerate.
Healthcare stocks are also showing strong momentum, while energy sits in the middle of the pack — steady, but awaiting further commodity price support to push higher.
Bruce wraps with a look ahead to next week as markets digest these shifts across indicators, crypto, and sector performance.
Join the discussion: Check out Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.