He's seen his share of bubbles, and we're now seeing that with the AI tech stocks. Eventually, tech will flatten or fall, and the rest of the market will catch up. Yes, AI is here to stay, but AI stocks are overvalued.
He likes Canadian tech software. SHOP is more volatile than its peers. If SHOP breaks the current $250 that could be a good sign, but you want to see it up there for over a week. Typically, it rises, pulls back a little, then takes off.
Metals have taken a beating lately and will remain soft in tax-loss selling season. We may see more downside in metals, but probably will find support soon. He's mid-term bullish.
In 2024, $160 was resistance, then in 2025 it was support. The chart is approaching $160, so we may see trouble as it coincides with the earnings report. He can't give advice on NOW. The chart will meet resistance, but it's uncertain.
He's trading it before, but it's much more volatile than the utility stocks. It's an income stock. The chart is making lower highs and lower lows. The trend is down. The chart scores 5/10. The chart hasn't broken the downtrend. Could possibly break out.
He likes Canadian tech. The chart is consolidating with lower highs, but also higher lows in a triangle shape. It could break out, up or down. You need proof that it is breaking out.