There's been a lack of market breadth. Until the last quarter of 2025, it's been all tech. But now tech has been weaker than other sectors. Eventually, the semis will be weak. Nearly every other sector has gained strength, which makes him bullish. This rotation is healthy. In the past month or so, tech has been underperforming other sectors. Value is returning to the market and diversification has returned. The market is healthier than 6 months ago.
Canadian tech stocks look better than US ones; the latter are parabolic and overbought. This year, the chart is making gradual higher highs and higher lows. Not much momentum, but it's not bad. A value play.
It was in an uptrend, then broke a low of $90. Is making lower lows and lower highs. The trend is definitely down. The chart is not basing, not finding bottom, so can't buy it until it bounces.
He trades it and just sold it. He bought it down around $50 and sold it around $75. If it makes a new high on a breakout and stays there, he would continue to hold it. Wouldn't buy it now, though.
It was in a down slope from 2023 to mid-2025, then moved up and above its 200-day moving average. But then it was rangebound and consolidating, so the moving average didn't matter. You don't want to see a stock break its floor for more than a week, or you're in a world of pain.
An aggressive, risky play. Has a recent uptrend, but is dipping. If it doesn't bounce above the current price soon, exit this. The uptrend shows pretty big swings.
He's adding to it. He's moving out of higher-volatility stocks into staples like this. Still likes it. This sector won't damage us if the tech sector blows up. Breadth is expanding now.