Colin Cieszynski

A historically volatile month, September this time has been more choppy than volatile. There's been an orderly decline, moderate weakness, in the TSX, while the U.S. has gone sideways. Causing this is sector rotation, from weakness in mining, strength in energy while the banks go along in Canada; in the U.S. there's back and forth between AI semis and software battling it out. Looking ahead, he's focused on the US Midterms, the 4 weeks before then after those elections, which are usually volatile. On top of that, we have earnings season. Politics, such as tariffs have had such an impact on markets. Meanwhile, treasury yields and rates are impacting companies, including AI ones.

The chart had good relative strength from May to August, then it pulled back. From mid-June to now, the trend is sideways, and is getting more rangebound. It's neutral, grinding sideways. 

It jumped from $4 to $18, so it's inevitable they got a correction. BB has held well above $10-$12.50. If it surpasses $12.50, this is ready to rock and roll. See where it goes from here.

It had a huge sell-off a year ago, common for software companies. But in the last 4-6 months, it's quietly coming back. There are stops and starts, but the trend is positive. It's establishing support above $2,700, which is encouraging. First resistance is at $32,50. There's room for an upswing. It looks the worst is behind them, but it hasn't taken off yet.

Volatile and frustrating to trade the past year. He's been in and out of it. But there's been an uptrend since May. Relative strength is improving, but you have to live with the swings.

Pipeline stocks act like utilities and are more interest rate-sensitive (and to energy prices). It trended up this year until mid-July, then has pulled back due to climbing interest rates.

He's been very happy owning this. It trends up long-term, though the pace has slowed.

He likes CDRs a lot to give him exposure to international stocks instead of going through the U.S. MSFT has had a nice rally after lows in April and July, a double bottom when the stock didn't fall lower. This has totally broken out of a downtrend. Is a top stock, a go-to in tech. Relative strength is good. Great support--it rallied, but didn't dip.

This has traded off the AI revolution, but has become more volatile than before like a tech stock. This pulled back from $180 to $120 but is seeing support. So far so good. Wait for a bounce before entering. 

Their product is used in fertilizers. MX has seen ups and downs with energy. It can't break $90 resistance but has been trending up since July. It's been sideways the last 6 months. Disappointing. He sold it.

They benefit from the AI build-out. It went gangbusters in the first half of 2026. Since then, it's made a double top and has been bouncing between $850 and $1,100. He sold it.

Still likes the energy sector due to high energy prices. He has shifted away from the ETF to individual stocks, because the ETF was weakening.

Shares fell in early August, didn't test levels, but kept falling. Now it gets oversold, but is still in a downtrend. There's been a rotation out of consumer stocks from fears that higher energy prices will squeeze consumers.

It's trying to stabilize, but hasn't bounced back.  It's underperforming. Look elsewhere, but watch it.

They had a massive growth phase, but can't growth that large anymore. This is natural. It's trading with natural gas which is bouncing around.