Colin Cieszynski, chief market strategist at SIA Wealth Management, shares his outlook on Technical Analysis.
Colin Cieszynski, Chief Market Strategist, SIA Wealth Management
Focus: Technical Analysis
Top picks: Barrick Mining, GE Aerospace, SoftBank CDR
MARKET OUTLOOK:
September was a banner month for precious metals as gold rallied to a new high, silver reached its highest level since 2011 and platinum advanced as well. Metals have been gaining against all currencies as central banks have started to cut interest rates again, particularly in the U.S. and Canada.
Despite the introduction of tariffs, inflation has remained somewhat contained. At the same time, employment in the U.S. and Canada has been weakening, adding to the case for further potential rate cuts ahead.
Technology was also strong amid strong earnings reports and increased AI related investment in semiconductors. Market gains have been broad based as ten of the eleven major industry groups posted gains in September led by real estate, technology, and materials.
Consumer staples was the only sector to decline outright and, while still positive, Energy lagged its peers as the price of oil floundered although there has been some renewed interest in the oil patch recently.
Most major markets around the world enter the fall in rally mode at or near all-time highs.
China, commodity sensitive countries like Canada, and technology sensitive countries like Taiwan, have been leading the charge. In addition to geographic and sector breadth we also have seen breadth across the market cap spectrum with smaller cap stocks gaining strength.
TOP PICKS:
Colin Cieszynski’s Top Picks: Barrick Mining, GE Aerospace & SoftBank CDR Colin Cieszynski, chief market strategist at SIA Wealth Management, shares his top stock picks to watch in the market.
Barrick Mining (ABX TSX)
Gold miners dominate the top of the Canadian relative strength rankings. We recently added Barrick Gold to some of our portfolios as exhibits, increasing strength relative to its peers and the broader market.
GE Aerospace (GE NYSE)
Although a lot of US focus is on technology, Industrials, and particularly Aerospace stocks on both sides of the border have been doing well on a relative strength basis. GE is highly ranked, has been breaking out to new highs and is owned in our portfolios.
SoftBank CDR (SFTB NEO)
International Equities in general, and Japan in particular have been outperforming this year, as has the technology sector. As a Japanese asset manager, which invests primarily in companies from the technology and related sectors, this combines exposures.
It is the highest ranked company in our international relative strength universe that is not a gold stock. We have been adding it to our portfolios.
DISCLOSUREPERSONALFAMILYPORTFOLIO/FUNDABX TSXNNYGE NYSENNYSFTB NEONNY
PAST PICKS: MARCH 24, 2025
Colin Cieszynski’s Past Picks: Agnico Eagle, T-Mobile & BMO MSCI China Selection Equity Index ETF Colin Cieszynski, chief market strategist at SIA Wealth Management, discusses his past stock picks and how they’re doing in the market today.
Agnico Eagle (AEM TSX)
Then: $104.18
Now: $169.04
Return: 62%
Total Return: 63%
T-Mobile (TMUS NASD)
Then: US$258.96
Now: US$230.38
Return: -11%
Total Return: -10%
BMO MSCI China Selection Equity Index ETF (ZCH TSX)
Then: $19.46
Now: $23.71
Return: 22%
Total Return: 22%
Total Return Average: 25%
DISCLOSUREPERSONALFAMILYPORTFOLIO/FUNDAEM TSXNNYTMUS NASDNNNZCH TSXNNY