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At this point, no reason for concern. More important to him was that the street was expecting a decline of about 5k jobs, and we got an increase of about 8k. That's pretty good for Canada, a nice solid beat. A slowdown was expected, as the previous few months had been so strong. So to even keep the party going at all was a good thing.

Unless something changes, he feels that at this point in time everybody has had time to respond to the tariffs already put in place. Negotiations continue. As long as there aren't any negative surprises, it seems as though people have gotten used to them and are moving forward.

Over time we may see some of the sanctions start to come off. Some of the flows may start to change regarding who they sell to and where. What's intriguing is that on the first couple of days we saw a bit of softness in oil prices. With prices hanging around in the $50s, maybe we've seen a lot of that priced in already. Even with a pending war with Venezuela, the price never really did much.

In the last couple of days it's been interesting to see the price of crude slowly starting to creep back up again. At this point in the market in terms of supply and demand, we just don't know the outlook. But overall, it suggests to him that underlying demand seems to be fairly stable. Unlike natural gas, which is getting knocked all over the place.

Right now, we've seen that a lot of the uncertainties out there are still there. Nothing has really changed with that. It remains to be seen if the US dollar has finally bottomed out, or if it's going to continue declining as it did last year. It may not have the worst year since 1973 again, but it still seems to be fairly soft.

Gold and silver had a huge run, especially silver -- once it broke through $35, it just soared. We probably won't see something like that again, but at this point they still look to be in a favourable trend. We may see more moderate action, or corrections, or periods of consolidation. 

Overall, the underlying environment for precious metals still seems to be positive -- but the bar is set pretty high in terms of trying to beat last year.

Nice, constructive chart. Big run last summer, going sideways toward the end of last year. In last month or so, quietly resuming its uptrend. This technical pattern is really strong and really powerful -- it's called the staircase pattern (rally, consolidate, rally again). Resistance looks to be $275-280 -- if it breaks out past that, a good sign.

Hard to comment on rumours of takeovers. So let's go back to looking at the chart -- was in a longer-term downtrend, but broke out in middle of last year and has now broken out to new highs. Took out high from late 2023 and it's still going. Copper hit a new all-time high this week. 

For most of the last 6 months, his RSI rankings for metals and materials were dominated by the gold producers. Late last year we saw the silver producers take off. Now a lot of the base metal names are starting to climb up the rankings as well.

First thing to note is that it's in a big downtrend and has been for the better part of 2 years. However, looks as though it may have made a bottom. On a 1-year chart, you can see a floor starting to form around $160, and starting to creep back up. Now bumping up against resistance around $200-210. Selling pressure seems to be fairly exhausted, trying to form a nice saucer bottom.

What we want now, technically, is for it to break out -- want it to go up to $210-220, on volume, and hold onto those gains. On the cusp, but not quite there yet.

Chart shows it making higher lows since end of 2023. Bouncing off support and hanging in. It's a thin trader, which means it doesn't trade as actively as other stocks. This sometimes makes it hard to read technically. Two previous highs look to be ~$30 -- combined with the consistently higher lows forms an ascending triangle.

Appears to be under accumulation, though hasn't broken out yet. Could see significant resistance around $30. If it could get through, would look great.

Often hard to tell if you're looking at a correction within an ongoing trend, or if the trend is ending. Usually the end is demonstrated by support failures. So something hits a new high, corrects, comes back, but doesn't get back to that high. You starts seeing lower highs and lower lows. Areas of support on the chart fail. Longer-term moving averages, such as the 150-day or 200-day, start to fall apart.

It's usually not just one thing but, rather, a series of breakdowns and failed rebounds.

Right now, trend looks to be intact. You can have 6-9 month periods, even in a long-term trend, where not much happens. With banks you just collect dividends during those times, but they do add to your total return.

On the 3-year chart you can draw a line through a level of support around $80, and it's sitting on that right now. There are "reversal levels", where something that's resistance becomes support. He's also noticed that markets are drawn to round numbers. 

So $80 is a key long-term level for FTNT, and it's starting to fail. Even 50 cents or so below key support is enough to show that the failure isn't just a blip. More importantly, it hasn't gotten back above it. Quite troubling.

Starting to see some profit-taking, at least that's what it looks like so far. What to watch for technically is $250, a nice round number and the previous peak. If it starts taking out $250, and falling below $245, that's a sign of deeper trouble. Right now, still looks to be in a correction.

For new $$, wait to make sure it doesn't keep trending down. There's always a battle between picking up a bargain and catching a falling knife.

Fellow travellers -- tend to go in the same direction most of the time. The TSX 60 (XIU) is about 80% of the weight of the index. 

So you have to ask yourself what you want to do about the other 20%? It's a combination of small- and mid-caps and junior resource stocks. You can get really good returns out of that piece, but it's also a lot more risk. A lot more volatile. 

How much return are you seeking? How much risk and volatility can you live with? What are you comfortable with? What are your priorities as an investor? Last year, resources did really well. But you'll have years where they just get hammered and the TSX 60 outperforms the composite.

Fellow travellers -- tend to go in the same direction most of the time. The TSX 60 (XIU) is about 80% of the weight of the index. 

So you have to ask yourself what you want to do about the other 20%? It's a combination of small- and mid-caps and junior resource stocks. You can get really good returns out of that piece, but it's also a lot more risk. A lot more volatile. 

How much return are you seeking? How much risk and volatility can you live with? What are you comfortable with? What are your priorities as an investor? Last year, resources did really well. But you'll have years where they just get hammered and the TSX 60 outperforms the composite.