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Tech ETFs are Leading Since April, but Another Group is Leading YTD

Stock 3 Mins Read

QQQ and tech ETFs are leading the surge off the April low, but there is another group leading year-to-date. Year-to-date performance is important because it includes two big events: the stock market decline from mid February to early April and the steep surge into early June. We need to combine these two events for a complete performance picture.

TrendInvestorPro uses a Core ETF ChartList to track performance and rank momentum. This list includes 59 equity ETFs, 4 bond ETFs, 9 commodity ETFs and 2 crypto ETFs. The image below shows the top 10 performers year-to-date (%Chg). Seven of the top ten are metals-related ETFs. Gold Miners (GDX), Silver Miners (SIL), Platinum (PLTM) and Gold (GLD) are leading the way. The Aerospace & Defense ETF (ITA), Transformational Data Sharing ETF (BLOK) and ARK Fintech Innovation ETF (ARKF) are the only three non-commodity leaders. The message here is clear: metals are leading.

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TrendInvestorPro has been tracking the Platinum ETF (PLTM) and Palladium ETF (PALL) since their big breakout surges on May 20th. The chart below shows PALL with a higher low from August to April and a breakout on May 20th. The ETF fell back below the 200-day SMA (gray line) in late May, but resumed its breakout with a 7.75% surge this week.

The bottom window shows the PPO(5,200,0) moving above +1% on May 21st to signal an uptrend in late May. This signal filter means the 5-day EMA is more than 1% above the 200-day EMA. The uptrend signal remains valid until a cross below -1% (pink line). As with all trend-following signals, there are bad signals (whipsaws) and good signals (extended trends). Given overall strength in metals, this could be a good signal that foreshadows an extended uptrend.

TrendInvestorPro is following this signal, as well as breakouts in other commodity-related ETFs. Our comprehensive reports and videos focus on the leaders. This week we covered flags and pennants in several tech ETFs (XLK, IGV, SMH, ARKF, AIQ, MAGS). Click there to take a trial and get your four bonuses. 

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Editor's pick

Trump implies government could cut contracts and subsidies to Musk’s companies

Editor's pick 4 Mins Read

President Donald Trump has escalated his sudden rupture with Elon Musk by implying the government could sever ties with the tech titan’s businesses.

‘The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it,’ Trump wrote Thursday on Truth Social.

Various estimates have been put forward about just how much Musk’s firms, primarily SpaceX and Tesla, benefit from U.S. government contracts and subsidies. The Washington Post has put the figure at $38 billion, with SpaceX President and COO Gwynne Shotwell estimating that company alone benefits from $22 billion in federal spending. Reuters has reported that the true figure is classified because of the nature of many of the contracts Musk’s firms are under.

NASA relies on SpaceX to ferry astronauts to and from the International Space Station. The agency’s only other option at the moment is to pay around $90 million for a seat aboard Russia’s Soyuz capsule.

Last year, SpaceX was selected to develop a vehicle capable of safely de-orbiting the International Space Station in 2030, when NASA and its partner space agencies agreed to end operation of the orbiting laboratory. SpaceX is also expected to play a major role in NASA’s efforts to return astronauts to the moon and eventually travel beyond to Mars.

Later Thursday afternoon, Musk posted that he would begin ‘decommissioning’ SpaceX’s Dragon spacecraft, which regularly flies astronauts and cargo to the ISS, in response to Trump’s threat.

NASA spokesperson Bethany Stevens said the agency ‘will continue to execute upon the President’s vision for the future of space.’

‘We will continue to work with our industry partners to ensure the President’s objectives in space are met,’ she said in a statement on X.

Tesla, meanwhile, has benefited from approximately $11.4 billion in total regulatory credits aimed at boosting electric-vehicle purchases, though that figure also includes state-level subsidies. Musk has claimed he no longer needs the credit, which he says now primarily benefits rivals.

Following Trump’s threat, shares in Tesla, which had already fallen 8% on Thursday as the tit-for-tat escalated on social media, declined as much as 15% following Trump’s post. SpaceX is privately held and its shares do not trade on the open market.

Trump’s warning came as part of a stunning exchange with Musk — who spent more than $250 million to help him get elected — that erupted into public view.

Earlier in the day, president told reporters in the Oval Office that he was disappointed in Musk’s criticism of the Republican policy bill that is making its way through Congress. Musk has blasted the bill, calling it a ‘disgusting abomination,’ amid concerns it would worsen the U.S. fiscal deficit.

Musk, who officially left his White House role last week to spend more time on his companies, spent much of Thursday launching into a tirade on X, his social media platform, where he posted a variety of critiques of Trump, the bill and other Republican politicians.

A make-good on Trump’s threat would come at a sensitive time for Tesla, which has seen global sales plunge partly in response to Musk’s very involvement with the Trump campaign. Year to date, its shares are down some 25%.

Trump’s warning also raises the specter that Trump could resurface pending government investigations into Musk’s firms. According to a report in April from Democratic staff of the Senate Homeland Security Permanent Subcommittee on Investigations, Musk’s firms were facing $2.37 billion in potential federal liabilities when Trump took office in January.

Since then, many of those actions have been paused or outright dismissed alongside the rise of the previously Musk-helmed Department of Government Efficiency, which gutted many of the agencies looking into Musk’s businesses.

This post appeared first on NBC NEWS

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Your Weekly Stock Market Snapshot: What It Means for Your Investments

Stock 3 Mins Read

This week, we got a smorgasbord of jobs data — JOLTS, ADP, weekly jobless claims, and the nonfarm payrolls (NFP). Friday’s NFP, the big one the market was waiting for, showed that 139,000 jobs were added in May, which was better than the expected 130,000. Unemployment rate held steady at 4.2%, and average hourly earnings rose 0.4% for the month.

The stock market rallied on the news. The S&P 500 rose above the 6000 level and closed slightly above it. That’s the first time the index has hit the 6K level since February. And the party wasn’t just in the S&P 500. All the major stock market indexes closed higher, and the Cboe Volatility Index ($VIX) closed below 17, suggesting investors are pretty complacent.

Sector Performance: Tech Takes the Lead

When you look at which sectors did best this week, it’s pretty clear that Technology was leading the charge. But is the leadership as strong as it was last year?

To answer, we can begin by taking a look at the MarketCarpet for S&P Sector ETFs below. It clearly illustrates the strength of the Technology sector.

FIGURE 1. WEEKLY PERFORMANCE OF THE S&P SECTOR ETFS. Technology is in the lead while Consumer Staples is the laggard.Image source: StockCharts.com. For educational purposes.

Now, if you drill down, it’s evident from the MarketCarpet of the Technology Sector that heavily weighted large-cap stocks, across the many different categories within the sector, displayed strong performance for the week.

FIGURE 2. WEEKLY PERFORMANCE OF TECHNOLOGY SECTOR. Large-cap heavily weighted stocks were in the green this week.Image source: StockCharts.com. For educational purposes.

Semis Grind Higher

Within tech, the semiconductors look especially strong, with several dark green squares in the MarketCarpet. This warrants a closer look at this industry group.

The weekly chart of the VanEck Vectors Semiconductors ETF (SMH) shows an upside move, with the ETF trading above its 40-week simple moving average. However, SMH is still underperforming the SPDR S&P 500 ETF (SPY). The Relative Strength Index (RSI) is trending higher and is in better shape since the end of March, but needs to gain more momentum to push it into overbought territory.

FIGURE 3. WEEKLY CHART OF VANECK VECTORS SEMICONDUCTOR ETF (SMH). While the price action in SMH is leaning towards the bullish side, it’s underperforming the SPY and needs more momentum.Chart source: StockCharts.com. For educational purposes.

If SMH continues to move higher with strong momentum, it would be a positive indication for the equity markets. However, there are several moving parts that investors should monitor.

Closing Position

While stocks are inching higher on low volatility, news headlines disrupt trends, sometimes drastically.

The weakening U.S. dollar and rising Treasury yields can sometimes signal headwinds for the stock market. Next week is going to be all about inflation, and we’ll get the Consumer Price Index (CPI) and Producer Price Index (PPI) for May.

With the job numbers in the rearview mirror, investors will be focused on inflation, especially since the Fed meets the following week. As of now, the Fed isn’t expected to make any changes to interest rates until perhaps their September meeting. Let’s see if next week’s inflation data changes the picture.

Watch the price action unfold by monitoring the StockCharts MarketCarpets and the StockCharts Market Summary page.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

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Stock

Big Rally Ahead Should Yield All-Time High on This Index

Stock 3 Mins Read

All of our major indices continue to rally off the April 7th, cyclical bear market low. A couple, however, have broken out of key bullish continuation patterns that measure to all-time highs. I’ll focus on one in today’s article.

Russell 2000

The IWM is an ETF that tracks the small-cap Russell 2000 and it’s chart couldn’t be much more bullish right now. After setting an all-time high on November 25, 2024 at 243.71, the IWM fell into its own cyclical bear market, dropping to a low of 171.73 on April 7th. That represented a drop of 71.98 points, or 29.54%, well beyond the 20% cyclical bear market threshold. A bottoming reverse head & shoulders pattern formed and I’ve been awaiting for a breakout above neckline resistance at 211. We saw that on today’s open after nonfarm payrolls highlighted our somewhat resilient economy as jobs came in ahead of expectations and the unemployment rate held steady. Check out this chart on the IWM:

I’m not saying that we’ll see a straight up move to 249, and short-term direction could be impacted by how we finish today. A weak afternoon could lead to further short-term selling, possibly back to the rising 20-day EMA. But, ultimately, and during 2025, I’m looking for that all-time high. A strong finish this afternoon and close on or near the daily high would add more bullishness to this chart.

Leading Stocks in Leading Industry Groups

The small cap IWM is no different than any of our other major indices, like the S&P 500 and NASDAQ 100. When you see an index breakout, you need to look to the leading stocks in that area in order to outperform the benchmark index. We started our Leading Stocks ChartList (LSCL) two weeks ago and the results have been absolutely phenomenal so far, which I would expect them to be. After last week, we produced our 2nd weekly LSCL and the results have been awesome once again. There were 43 stocks included and 32 of the 43 have outperformed the S&P 500 this week. That’s similar results to our first weekly LSCL.

Individual stock leaders from our LSCL included the following big winners as of 1pm ET today:

  • PRCH: +16.89%
  • DOMO: +15.75%
  • LASR: +15.40%
  • HOOD: +15.10%
  • QBTS: +13.17%
  • TTMI: +11.62%
  • ZS: +10.76%

These are exceptional returns when you consider the benchmark S&P 500 gained just 1.38% this week.

I want to provide all of our followers a SPECIAL OFFER to join our FREE EB Digest newsletter. Subscribe HERE with only your name and email address (no credit card required), and we’ll provide you a link and password to download this unique Leading Stocks ChartList (LSCL) and check it out for yourself. You need to be an Extra or Pro member at StockCharts in order to download the ChartList into your account. Basic members and non-members can view the ChartList and check out the stocks we include for next week.

Happy trading!

Tom

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Everyone Talks About Leaving a Better Planet for Our Children: Why Don’t We Leave Better Children for Our Planet?

Stock 4 Mins Read

Most religions of the world have the fundamental beliefs that are strikingly similar to the Ten Commandments. History has taught humanity that life does not seem to work well without such guiding principles. As responsible parents, we should have a parallel foundation of ten life skills that we impart part to our children. Your list will vary from mine, of course, but these are the ten essential precepts which I imparted to my son.

  1. Learn the basic life skills such as hygiene, cooking, cleaning, etc.
  2. Develop and maintain positive relations with friends and family.
  3. Keep a positive ‘can-do’ attitude exuding confidence and good self-esteem.
  4. Have strong ethics and values centered around honesty, morality and empathy for others.
  5. Develop strong communication skills, both verbal and written.
  6. Develop strong problem solving skills, curiosity, education, and rational thinking.
  7. Set goals and maintain the motivation to overcome life’s inevitable challenges.
  8. Appreciate the spiritual side of life.
  9. Keep healthy habits pertaining to diet, exercise, and lifestyle.
  10. Understand the tenets of financial literacy relating to money, saving, budgeting, and spending.

Many parenting books have been written on each of these ten topics, but I’d like to highlight the last one – #10. I propose that financial literacy alone has 10 essential skills that we should cultivate in our children. Giving them the gift of a money-wise toolkit along with your time will go along way to ensure their long-term success. It will be the proud legacy you leave and how you’ll be remembered.

These are my Ten Financial Commandments to teach your offspring.

  1. Start early and encourage your kids to embrace investing as a hobby. It’s intellectually stimulating and they’ll meet great people.
  2. Invest consistently and regularly. Don’t try to time the market. As of yet, no one has successfully created that algorithm.
  3. Warren Buffet famously described the magic of compounding as “the eighth wonder of the world.” He likened it to a snowball rolling down a long hill, accumulating more snow as it rolls. Do the math; it’s true.
  4. Avoid debt and leverage. Buying a house or college loan aside, credit card debt and onerous fees can ruin you.
  5. Ignore fads and hot tips. You’ll be inevitably late, pay too much and experience the bursting of the bubble eventually.
  6. Day trading is not investing, and it’s important to understand the difference. If you are an adrenaline addict and absolutely must day trade, then allocate a small percentage of your portfolio to this activity and consider it your “funny money” that’s expendable. Trading is indeed part of successful investing, but overtrading is not.
  7. Pay attention to fees. One percent a year may not sound like much, but when you do the calculations and look at a 10-15 year timeframe, you’ll lose out big-time. Fees represent your money that doesn’t get reinvested or compounded for you over the span of those 15 years.
  8. Be careful which assets you marry. Some have long-term handcuffs, high fees, unattractive risk-to-reward ratios and low probabilities of making you wealthier. I’ve never forgotten this famous quote from John Bogle, who founded Vanguard: “Don’t look for the needle in the haystack; buy the haystack.” In other words, buying the S&P 500 Index (SPY) is a reasonable strategy.
  9. Investing is a marathon, not a sprint. Young people often think that if they lose big, they’ll have many years to recover. My point is, why lose at all? Asset protection should always be a paramount objective throughout one’s life. Start young.
  10. Be action-oriented. Start today. Don’t procrastinate. Don’t make excuses. Buy a good investment book. (I humbly suggest the one I wrote with my son.) Start a free trial at StockCharts.com. Do some paper trading. You might discover you are the second coming of Warren Buffett!

In a spirit of full disclosure, it’s important that I acknowledge the other half of the equation in writing about the ten basic life skills and financial commandments instilled in my son. He was also raised by a devoted and well-educated mother who has an MBA and understands the markets as well.

The bottom line: teach your children about money management. If you don’t, you are intentionally placing them instead into the hands of that merciless professor called “Experience”. The tutorial will be ruthless, and the lessons learned will be costly and late.

Trade well; trade with discipline!

Gatis Roze, MBA, CMT

StockMarketMastery.com

P.S. If you would like to be notified when I post a new Traders Journal blog, please submit your preference via the tile in the right column titled FOLLOW THIS BLOG.

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Investing

Ford Government Pushes Bill 5 Through Legislature, Sparking First Nations Outcry

Investing 5 Mins Read

In a move that has ignited a storm of opposition from Indigenous communities and environmental groups, Ontario’s Progressive Conservative government passed Bill 5 on Wednesday (June 4).

Formally titled the Protecting Ontario by Unleashing our Economy Act, the legislation grants the province unprecedented authority to override provincial and municipal laws in favor of economic development.

Specifically, Bill 5 allows the government to establish ‘special economic zones’ where environmental protections, labor regulations and other statutes can be suspended for projects led by ‘trusted proponents.’

Premier Doug Ford’s government argues that the bill is critical for expediting development in the mineral-rich Ring of Fire region and countering global economic threats, including US tariffs.

But the bill’s passage, by a vote of 71 to 44, has drawn fierce backlash from First Nations leaders who say they were not consulted, in violation of treaty rights enshrined in the Canadian constitution.

Speaking to reporters, Grand Chief Alvin Fiddler of the Nishnawbe Aski Nation, which represents 49 First Nations in Northern Ontario, warned that protests and blockades — reminiscent of the Idle No More movement — are likely.

‘I think after today we need to look at every option that is at our disposal, including legal, political, economic, everything – including taking direct action,’ he said, adding, ‘Everything is on the table.’

Ford was not present in the legislature for the vote, drawing condemnation from Indigenous leaders and opposition politicians. He reportedly missed the vote due to an overrun in an online meeting with a US congressman.

Ontario NDP Leader Marit Stiles stood alongside First Nations representatives to denounce the premier’s absence and vowed to continue resisting the legislation, which she predicted will end up in court.

Public gallery benches erupted during the vote with shouts of ‘Shame on you!’ and ‘Where’s the premier?’ Security escorted several individuals out, including one man who yelled, ‘Our land is not for sale!’

Opposition parties attempted to stall the bill with thousands of proposed amendments, but the Progressive Conservative majority pushed it through after using time allocation to cut short debate.

Legal experts warn that Bill 5 could significantly alter the legal and environmental landscape in Ontario. The legislation includes Henry VIII-style provisions — named after the 16th-century monarch notorious for consolidating executive power — which allow the provincial cabinet to override laws without legislative scrutiny.

Laura Bowman, a lawyer with Ecojustice, said, ‘This is not just undemocratic; it’s anti-democratic.’

Environmental advocates have also raised alarm about Bill 5’s implications for conservation. It rewrites Ontario’s endangered species law by giving the cabinet, not scientists, final authority on which species merit protection.

Additionally, it eases rules on preserving Indigenous archaeological sites.

The government has floated the possibility of Indigenous-led economic zones as part of the regulations it must still draft, but details remain scarce, and First Nations groups say the damage has already been done.

Ontario Regional Chief Abram Benedict, who previously met with Ford in a tense private session, said the discussions were necessary, but insufficient. “Our Chiefs have made it clear that they fully reject Bill 5, and the Chiefs of Ontario stand by and defend the position of the Chiefs,” Benedict maintained in a statement. “First Nations rights holders must be at the table, and the Government must fulfill its constitutional and treaty obligations.”

The Ring of Fire region, located in the James Bay lowlands, is at the center of the controversy.

While some First Nations near the area support road construction projects, others oppose the rush to mine in the region without thorough consultation and environmental safeguards. The Ford government has touted the area’s reserves of critical minerals — such as nickel and lithium — as essential for Ontario’s economic future.

While some industry stakeholders have cautiously welcomed provisions in Bill 5 that streamline mining approvals under a “one project, one process” regime, critics and civil liberties advocates say its rhetoric risks escalating tensions.

Among them is the Canadian Civil Liberties Association, which has condemned Bill 5 as a dangerous overreach that could hollow out legal safeguards without meaningful public oversight.

Legal scholars say the government’s interpretation of its duty to consult remains contested. While a 2018 Supreme Court ruling (Mikisew Cree) found that governments are not constitutionally required to consult Indigenous groups during the drafting of legislation, it emphasizes that such consultation is often politically and morally necessary.

Moreover, many Indigenous leaders say consultation is no longer enough. Invoking the United Nations Declaration on the Rights of Indigenous Peoples, they are calling for ‘free, prior and informed consent’ as the new standard.

In the coming weeks, the Ford government must draft the regulations that will define how Bill 5 is implemented. These rules, it insists, will be subject to consultation. But with Indigenous leaders threatening direct action and legal battles on the horizon, Ontario may be on the brink of a new phase in its fraught relationship with First Nations.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Investing

Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

Investing 4 Mins Read

Hempalta Corp. (TSXV: HEMP) (‘Hempalta’ or the ‘Company’), a Canadian-based provider of nature-based carbon credit solutions, today issued a corporate update outlining recent developments in its strategic transition.

Equipment Sale Update

On May 22, 2025, Hempalta announced its wholly owned subsidiary, Hempalta Processing Inc. (‘HPI’), had entered into a US$1.15 million agreement to sell its hemp processing and biochar equipment (the ‘Transaction’). Despite follow up discussions and repeated assurances, the purchase price has not been paid to HPI; accordingly, HPI has retained ownership of all equipment and associated intellectual property and has reinitiated the asset sale process. Interested parties may contact the Company for additional details.

FCC Forbearance Agreement

In connection with the termination of the Transaction, HPI, has entered into a forbearance agreement with Farm Credit Canada (‘FCC’) dated effective June 2, 2025. This agreement extends protection through June 30, 2025, providing HPI time to complete a revised monetization plan for its processing assets while maintaining transparency and compliance with its senior lender.

Carbon Credit Market Momentum Continues

The Company’s 2024 carbon credits now total 29,448 tonnes of CO₂ removal across 12,669 acres under the Hemp Carbon Standard. These credits are available for purchase via the Company’s Cloverly storefront (hempcarbonstandard.cloverly.app), and discussions with corporate buyers are ongoing.

CEO to Speak at Canadian Climate Investor Conference

Hempalta President and CEO Darren Bondar will be speaking at the 2025 Canadian Climate Investor Conference hosted by the Toronto Stock Exchange (TSX and TSXV) on June 11, 2025, at the Arcadian Court in Toronto. Mr. Bondar will outline Hempalta’s strategic pivot to nature-based carbon credit markets and showcase the scalable growth opportunity through its Hemp Carbon Standard platform.

About Hempalta Corp.

Hempalta Corp. (TSXV: HEMP) is a Canadian clean-tech company focused on high-integrity carbon removal credits derived from industrial hemp. Through its wholly owned subsidiary, Hemp Carbon Standard Inc., the Company supports regenerative agriculture, biochar deployment, and AI-powered MRV to deliver transparent, verifiable carbon credits aligned with global climate goals.

Learn more at www.hempalta.com or contact Investor Relations at invest@hempalta.com.

For more information, please contact:

Investor Relations
Hempalta Corp.
Email: info@hempalta.com
Website: www.hempalta.com		 Hempalta Corp.
Web: https://www.hempalta.com/
Email:info@hempalta.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information

This news release contains statements and information that, to the extent they are not historical fact, may constitute ‘forward-looking information’ within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as ‘expects,’ ‘plans,’ ‘continues,’ ‘intends,’ ‘anticipates,’ ‘potential,’ ‘aims,’ ‘will,’ and similar expressions, including negatives thereof.

Forward-looking information in this news release includes, but is not limited to, statements regarding: the Company’s ability to complete the sale of its hemp processing and biochar equipment; the resolution of the outstanding forbearance with Farm Credit Canada (FCC); negative cash flow from operations and the Company’s ability to operate as a going concern; the anticipated proceeds and timing of any asset sales; the scaling of the Hemp Carbon Standard platform; the sale of verified carbon credits; the development of new corporate offtake agreements; and the Company’s broader growth initiatives under Hempalta carbon credit platform.

Such forward-looking information is based on assumptions and expectations, including but not limited to: the Company’s ability to remarket and sell the equipment; continued support from major shareholders and new investors; demand for nature-based carbon removal credits; successful onboarding of additional farmers; favorable regulatory conditions; and Hempalta’s ability to execute its strategic plan and secure necessary financing on reasonable terms.

Although the Company believes the assumptions and expectations reflected in the forward-looking information are reasonable, undue reliance should not be placed on them, as actual results may differ materially due to known and unknown risks. These risks include, but are not limited to: economic conditions and capital market volatility; failure to close the asset sale or private placement; changes in carbon credit market demand or pricing; regulatory changes; inability to retain key personnel; weather-related challenges impacting hemp cultivation; and those risks set forth in the Company’s public disclosure documents available on SEDAR+ at www.sedarplus.ca.

Forward-looking information in this news release is provided as of the date hereof, and the Company does not undertake to update such information except as required by applicable securities laws.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254819

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

Stock 4 Mins Read

After consolidating for two weeks, the Nifty finally appeared to be flexing its muscles for a potential move higher. Over the past five sessions, the Nifty traded with an underlying positive bias and ended near the week’s high point while also attempting to move past a crucial pattern resistance. The past week saw the Index oscillating in the 527-point range, which was in line with the previous weeks. The volatility also cooled off; the India VIX came off by 9% to 14.63 on a weekly basis. While staying largely in a range trading with a positive bias, the headline Index closed with a net weekly gain of 252.35 points (+1.02%).

Over the past couple of weeks, the Nifty has traded in a well-defined range created between 24500-25100 levels. This would mean that the markets would remain devoid of directional bias unless they take out 25100 on the higher side or violate the 24500 level. Despite visibly strong undercurrents, staying reactive to the markets rather than getting predictive would be prudent. Although there are heightened possibilities of the Nifty taking out the 25100 level, we must consider it as resistance until it is taken out convincingly.

The coming week is set to see a stable start; the levels of 25150 and 25400 are likely to act as resistance points. The supports come in at 24800 and 24500. The trading range is expected to get wider than usual.

The weekly RSI is 60.94; it continues to remain neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above its signal line. A strong white candle emerged; this shows the bullish trend that the markets had during the week.

A pattern analysis of the weekly chart shows that the Nifty resisted the upward rising trendline that began from the low of 21350 and joined the subsequent rising bottoms. The Nifty has attempted to penetrate it after resisting it for a couple of weeks.

Overall, the coming week may see the markets trading with an underlying bullish bias. However, for this to culminate in a good trending move, the Index will have to take out the 25100-25150 zone convincingly on the upside. Until this happens, the markets may continue to consolidate in a broad trading range. Unless there is a strong move that surpasses the 25100-25150 zone, one must consider this level as an immediate resistance point. Some pockets have run up too hard over the past few days; one must also focus on protecting gains at current levels rather than chasing the up moves. Fresh purchases must be kept limited in stocks with strong technical setups and the presence of relative strength. A cautiously positive approach is advised for the coming week.

Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that the Nifty PSU Bank Index continues to build on its relative momentum while staying inside the leading quadrant. It may continue outperforming the markets relatively. The Infrastructure, Consumption, and PSE Index are also inside the leading quadrant but are seen giving up on their relative momentum.

The Nifty Bank Index has rolled inside the weakening quadrant. The Nifty Services Sector, Financial Services, and Commodity Indice are also inside the weakening quadrant. Individual performance of components from these groups may be seen, but overall relative performance may slow down over the coming weeks.

The Nifty FMCG Index has rolled inside the lagging quadrant. The Nifty Metal and Pharma Indice are languishing in this quadrant. The Nifty IT index is also inside the lagging quadrant but is seen in a strong bottoming-out process while improving its relative momentum.

The Nifty Energy, Media, Realty, and Auto Indices are inside the improving quadrant and may continue improving their relative performance against the broader markets.

Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  

Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

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From Tariffs to Tech: Where Smart Money’s Moving Right Now

Stock 1 Min Read

Stay ahead of the market in under 30 minutes! In this video, Mary Ellen breaks down why the S&P 500 just broke out, which sectors are truly leading (industrials, technology & materials), and what next week’s inflation data could mean for your portfolio.

This video originally premiered June 6, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

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Investing

Top 5 Canadian Mining Stocks This Week: Africa Energy Jumps 275 Percent

Investing 11 Mins Read

Statistics Canada released its May Labour Force Survey on Friday (June 6). The data showed that nearly 9,000 new jobs were added to the workforce during the month. The news surprised analysts who were expecting losses of 12,500 as the effects of US trade tariffs began to be felt in the Canadian economy.

The biggest contributors to the gains were 43,000 new workers added in wholesale and retail trade; 19,000 new jobs in the information, culture and recreation category; and 12,000 new employees within the real estate and finance sector.

While these additions were significant, they were offset by the loss of 32,000 jobs in the public administration sector, as well as a decline of 16,000 workers in both the accommodation and food services sector and the transportation and warehousing sector. Additionally, 15,000 jobs were lost in the business, building and support services sector.

Despite the net job gains, unemployment registered a 0.1 percent gain to 7 percent, while the employment rate was stable at 60.8 percent.

Also this week, StatsCan released the Annual Mineral Production Survey for 2023 on Wednesday (June 4). The report showed that total revenues for metal ore mining and non-metallic mineral mining and quarrying industry groups in 2023 decreased by 9.3 percent to C$59.7 billion year-over-year. Meanwhile, expenses rose by 8.6 percent to C$43.2 billion during the same period.

South of the border, the US Bureau of Labor Statistics released May’s Employment Situation Summary on Friday. The report showed that the US labor market remained stable for the month, adding 139,000 nonfarm workers. The report also indicated that unemployment remained unchanged at 4.2 percent, while the participation rate decreased by 0.2 percent to 62.4 percent.

The largest gains were felt in the healthcare sector, which accounted for roughly half of the new jobs at 62,000, while the hospitality sector came in second with 48,000 new jobs. However, the economy was impacted by the loss of an additional 22,000 federal government employees, bringing the total number of federal job losses for the year to 59,000.

Human resources company ADP (NASDAQ:ADP) reported that US private sector employers added 37,000 new jobs in May, the lowest level since March 2023. This growth was wholly concentrated in mid-sized companies, with small and large establishments losing jobs. The natural resources and mining industry lost 5,000 jobs over the period.

Additionally, platinum prices have been on the rise over the last two weeks, highlighted by a nearly 10 percent surge during the past five days to US$1,160.79 per ounce on Friday. The gains may be related to the cancellation of EV tax credits proposed in the US tax bill working its way through Congress, as well as infighting between Tesla (NASDAQ:TSLA) CEO Elon Musk and US President Donald Trump following Musk’s departure from the Trump administration.

The threat has sent ripples through the automotive sector and may cause increased demand on an already stressed platinum market.

Markets and commodities react

In Canada, major indexes were mixed at the end of the week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) climbed 0.93 percent during the week to close at 26,429.13 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) had a larger gain of 3.06 percent to 721.60 and the CSE Composite Index (CSE:CSECOMP) rose 1.7 percent to 117.55.

US equities were in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 1.76 percent to close at 6,000.37, the Nasdaq-100 (INDEXNASDAQ:NDX) rising 2.31 percent to 21,761.79 and the Dow Jones Industrial Average (INDEXDJX:.DJI) adding 1.33 percent to 42,762.88.

The gold price was up this week, gaining 1.02 percent, to close Friday at US$3,322.73. The silver price saw more significant gains, surging 8.92 percent during the period to US$35.91, their highest since 2012.

In base metals, the COMEX copper price rose 4.78 percent over the week to US$4.86 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) posted a gain of 3.87 percent to close at 545.00.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Africa Energy (TSXV:AFE)

Weekly gain: 275 percent
Market cap: C$71.87
Share price: C$0.15

Africa Energy is a South Africa-focused oil and gas exploration and development company.

Its flagship asset is Block 11B/12B located approximately 175 kilometers off the south coast of South Africa. The block covers an area of 18,734 square kilometers and depths between 200 meters and 1,800 meters.

Africa Energy previously held a 4.9 percent stake in the project through its 49/51 joint venture with Arostyle Investments named Main Street 1549, which owned 10 percent of the asset. The remaining partners were project operator TotalEnergies (NYSE:TTE) at 45 percent, Qatar Petroleum at 25 percent and CNR International (TSX:CNQ,NYSE:CNQ) at 20 percent.

Main Street 1549’s three partners announced plans to withdraw from the Block 11B/12B joint venture in July 2024, and discussions on restructuring the ownership had been underway since.

Shares in Africa Energy began surging May 29 after Africa Energy announced a definitive agreement for the new ownership structure of the Block 11B/12B asset.

Under the terms of the definitive agreement between Africa Energy and Arostyle Investments, Africa Energy will increase its ownership of Main Street from a 49 percent to 100 percent stake. Additionally, the withdrawing parties assigned 65 percent of their participating interest in Block 11B/12B to Main Street and 25 percent to Arostyle.

The result will see Africa Energy increase its stake in the asset from 4.9 percent to 75 percent.

2. Allegiant Gold (TSXV:AUAU)

Weekly gain: 95 percent
Market cap: C$17.24
Share price: C$0.39

Allegiant Gold is a gold exploration company working to advance several projects in Nevada, United States.

Its flagship project is Eastside, located in Esmeralda County, consists of 973 unpatented lode mining claims covering 8,289 hectares. Nearly 70,000 meters of drilling has been carried out at the property since 2011.

A July 2021 mineral resource estimate showed inferred quantities at the site of 1.09 million ounces of gold with an average grade of 0.55 g/t and 8.7 million ounces of silver with an average grade of 4.4 g/t from 61.73 million tons of ore.

The most recent news from the company was announced on May 29, when it stated that its previously announced one-for-two share consolidation would take effect on Monday, June 2.

3. LaFleur Minerals (CSE:LFLR)

Weekly gain: 89.66 percent
Market cap: C$37.46
Share price: C$0.275

LaFleur Minerals is an exploration and development company working to advance a pair of projects in Quebec, Canada.

Its Swanson Gold project consists of a 15,290 hectare land package in the southern portion of Quebec’s Abitibi gold belt. Historic drilling at the site has uncovered 958 holes, revealing broad mineralization with widths of up to 40 meters. Additionally, the site has also had underground workings to a vertical depth of 80 meters to carry out bulk sampling.

A September 2024 mineral resource estimate suggested total indicated resources of 123,400 ounces of gold from 2.11 million metric tons of ore with an average grade of 1.8 grams per metric ton (g/t) along with additional inferred quantities of 64,500 g/t from 872,000 metric tons with an average grade of 2.3 g/t.

The company’s other property, the Beacon Mill and Mine, is a past-producing mine, also located in the Abitibi gold belt. LaFleur acquired the mine in September 2024 as part of a receivership sale. Monarch Mining previously owned the mine, which has been on care and maintenance since 2022.

Most recently, the mine underwent a C$20 million refurbishment in 2022 and is capable of processing 750 metric tons of ore per day.

Shares in LaFleur gained this week after it announced updates for both properties on Wednesday.

At Swanson, it stated that it was planning a 5,000-meter drilling program, set to begin in June, with more than 50 targets having been identified. Additionally, the company announced that it is targeting early 2026 for the restart.

4. Eastern Platinum (TSX:ELR)

Weekly gain: 84.85 percent
Market cap: C$37.46
Share price: C$0.305

Eastern Platinum, also known as Eastplats, is a platinum group metal (PGM) and chrome mining, development and exploration company working to advance assets in South Africa.

Its most advanced asset is the Crocodile River mine, located northwest of Johannesburg. The mine began operating in 1987, but production was suspended in the early 1990s due to falling PGM prices. Since then, the mine saw some limited production in the early 2000s before once again being suspended.

After significant rehabilitation, chrome and PGM production from site tailings was restarted at the site in 2018 and 2020 respectively, and underground operations at the Zandfontein mine restarted in October 2023. In October of last year, Eastplats began commissioning a PGM processing plant that will process ore from Zandfontein.

A technical report from May 2022 demonstrated a proven and probable resource of 1.72 million ounces of platinum, palladium, rhodium and gold, with an average grade of 3.68 g/t from 14.58 million metric tons of ore.

Although the company did not release news this week, shares in Eastplats gained alongside a surging platinum price.

5. TNR Gold (TSXV:TNR)

Weekly gain: 58.33 percent
Market cap: C$15.06
Share price: C$0.095

TNR Gold is an exploration and royalty company with a focus on the acquisition of green energy and gold assets.

The company owns the Shotgun Gold project in Alaska’s Kuskokwim Gold Belt. The property consists of 108 claims covering an area of 6,993 hectares. A 2013 technical report showed inferred quantities of 705,960 ounces of gold from 20.73 million metric tons of gold with an average grade of 1.06 g/t with a cutoff of 0.5 g/t.

Its royalty investments include a 1.5 percent net smelter royalty from Ganfeng Lithium’s (OTC Pink:GNENF) Marina Lithium project in Argentina. It also holds a 0.4 percent net smelter royalty in McEwen Mining’s (NYSE:MUX,TSX:MUX) Los Azules Copper, Gold and Silver Project, also in Argentina.

The latest news from TNR came on May 14 when it released a corporate update. In the release the company highlighted its success from the royalty portion of its business, and provided updates from its key investments.

It also said it was looking to attract a partnership with a major gold mining company to help advance its Alaskan Shotgun project.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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