Javed Mirza

Yes -- things like discretionary, industrials, and more risk-on parts of the market. In his view, we're in a new 4-year cycle (essentially, a 3-5 year cyclical bull market). 

We're in the expansion phase of the business cycle. This phase should take us sometime  into the middle of 2027, and that's despite geopolitical risks.

If you go back all the way to WW2, these 4-year cycles operated almost like clockwork. Every 4 years you'd get this major low.

Now, because information is flowing faster, these cycles are truncating. Any kind of really large geopolitical event (such as the conflict in Iran) will raise energy prices, and we'll see knock-on effects later this summer. His team will react accordingly.

They were very concerned as we moved through the conflict to the end of March. But markets have repaired themselves. From his long-term cycle work, it looks as though markets are back on track.

What they saw was that 3 of the top 4 strongest sectors were energy, materials, and staples. Those are typically the phase 3 plays that he calls the "exciting end" -- typically when the market starts to peak out.

Luckily, markets have regained their more cyclical, bullish footing. Industrials and info tech have regained their pole positions. Right now, things look positive. But one tweet or one event can put us back in the soup.

Looks really constructive. Broke out of the bigger downtrend. Long-term leader. Broken out to new highs. Hardware has been outperforming software, and this is one of the showcase examples. Likes everything about it technically. 

Starting to stabilize here, wouldn't mind adding. He's expecting a rally in equity markets into July, a correction potentially into September/October, then a push into mid-2027 (and that's when you can start reducing).

Likes its longer-term uptrend, despite recent pressure. A recent top pick for his firm's clients. Inflationary environment favours a shift to hard assets.

Very positive uptrend, but under pressure today. His team expects a risk-on rally into July-ish, and when markets come under pressure after that oil should start to rally again. Use weakness in the next month to add energy.

Trying to stabilize after the bigger downtrend. Hardware is working, but software's in a downtrend. Tradeable bounce, but he'd rather wait and catch a confirmed uptrend. He's worried of another leg lower after any bounce.

With his firm's proprietary models, every stock gets put into 1 of 4 different quadrants. Right now, all US and Canadian software stocks are in quadrant 4 (the penalty box). In a downtrend and heading lower. 

On the weekly charts, these stocks are showing early signs of bottoming. His team would rather be a bit late to get in until they see signs of a bigger bottom and a turn up. At the moment it's like catching a falling knife.

All the software names are in this spot. Ultimately, some names will emerge as winners. But for the moment, the profiles all look the same. You have to tread carefully.

Continues to work, likes it longer term. His team is very bullish Canada -- we have all the resources, and if we can trade with the world we're in such an amazing spot.

Don't chase. Likely to be a correction around July/August, and you can add then.

He's very bullish on Canada. Banks have run quite nicely, but there should be a dip coming around July to add. Looks great. Let it run. Next year he anticipates a bigger correction, and that's when you can trim by 5-10% (banks are long-term holds).

Chart shows staircase consolidations and rallies. Earnings days are a total black box for him, no idea what's going to happen today (coin toss). We'll either see a corrective phase back to support, or see another push higher.

Longer-term chart continues to work. He'd look to add on weakness -- either right away if there's a drop, or later in July/August if the stock moves higher in the short term.

Still likes copper, anticipates another move higher into next year. A bit extended here. "Smart money" has been selling copper, so a pullback is due shortly. Trim here, but longer-term trend remains intact.

(Acquired 3 Feb 2026 by OVV)  See his Top Picks for another natural gas name.