Universe: 980 TSX-listed equities with sector classification (of 2,827 total rows — the remainder are ETFs/closed-end funds with no sector tag and were excluded from sector ranking).
Reading the data
- Long/Medium/Short Term Level (0–100): where the stock sits in its trading range on each timeframe. Near 100 = pressing new highs on that horizon; near 0 = pressing new lows.
- Momentum: rate of change/acceleration. Positive = accelerating higher; negative = accelerating lower; the further from zero, the sharper the move.
- Trend play = all three levels aligned high (or low) with momentum confirming — the move is established and continuing.
- Reversal play = Short Term level has flipped hard against the Long Term level, with a strong momentum reading — the early stage of a change in direction.
Each sector below is scored by the % of its constituents flashing a bullish trend or reversal signal, not just raw count, so a 25-name sector isn’t automatically “more bullish” than a 20-name one just because it has more hits.
🟢 BUY SIDE — ranked by bullish signal strength
1. Banks — most successful bullish sector (32% of names on a buy signal)
Every major bank name is trading at the top of its long, medium and short-term range with momentum still positive — a textbook broad-based sector trend, not just one stock running hot.
| Ticker | Name | LT | MT | ST | Momentum | Play |
|---|---|---|---|---|---|---|
| TD | Toronto-Dominion Bank | 88.6 | 81.0 | 83.0 | +4.46 | Trend buy — strongest momentum of the group while still fully aligned across all three horizons |
| BNS | Bank of Nova Scotia | 90.2 | 69.7 | 65.7 | +4.09 | Trend buy — long-term leadership with momentum re-accelerating |
| NA.PR.S | National Bank Pref Series 30 | 89.2 | 84.0 | 83.5 | +1.19 | Trend buy (preferred/income sleeve) |
| LB.PR.H | Laurentian Bank Pref Series 13 | 97.1 | 83.3 | 89.0 | +1.04 | Trend buy (preferred/income sleeve) |
Reason: With all three timeframes >65 and momentum still expanding on TD and BNS specifically, this is sector-wide institutional accumulation rather than a single-name spike — the cleanest continuation trade in the file. No qualifying reversal setup appeared in Banks; the group is already mid-trend, not turning.
2. Real Estate Investment & Services — 27% bullish
| Ticker | Name | LT | MT | ST | Momentum | Play |
|---|---|---|---|---|---|---|
| BPO.PR.A | Brookfield Office Props Pref AA | 100.0 | 99.2 | 99.3 | +1.13 | Trend buy — maxed out across all horizons |
| BPO.PR.P | Brookfield Office Props Pref P | 99.2 | 96.7 | 94.3 | +2.05 | Trend buy — strongest momentum of the Brookfield preferred stack |
| IVQ | Invesque Inc | 18.3 | 48.7 | 91.7 | +5.23 | Reversal buy — short-term level exploded from a long-term base with the sector’s best momentum reading |
Reason: Note the trend names here are almost entirely Brookfield Office Properties preferred share series (BPO.PR.*) — real conviction, but concentrated in one issuer’s income paper rather than a broad common-equity move. IVQ is the standout common-equity idea: still depressed on a long-term view (18.3) but the short-term level near the top of its range with momentum of +5.23 is a genuine early-stage reversal, not just noise.
3. Oil, Gas and Coal — 24% bullish, largest absolute count (25 trend + 3 reversal names)
| Ticker | Name | LT | MT | ST | Momentum | Play |
|---|---|---|---|---|---|---|
| CVVY | Cavvy Energy Ltd | 95.3 | 81.5 | 85.2 | +19.17 | Trend buy — by far the strongest momentum reading in the entire dataset |
| PSI | Pason Systems Inc. | 82.9 | 82.2 | 88.4 | +9.22 | Trend buy — energy services, broad-based strength |
| TNZ | Tenaz Energy Corp | 90.4 | 83.9 | 83.5 | +6.07 | Trend buy |
| ACX | ACT Energy Technologies | 91.0 | 94.4 | 92.1 | +4.36 | Trend buy |
| TXP | Touchstone Exploration | 45.2 | 78.3 | 100.0 | +5.96 | Reversal buy — short-term at the absolute ceiling while long-term still catching up |
| FEC | Frontera Energy Corp | 28.1 | 52.4 | 66.4 | +3.86 | Reversal buy — earliest-stage of the three reversal names |
Reason: This is the widest, most liquid bullish sector by headcount and the only one producing a genuine momentum outlier (CVVY at +19.17). The mix of large trend cohort plus three distinct reversal names (TXP, FEC, TCW) suggests capital is rotating into energy broadly, not just chasing one story.
Honourable mentions (smaller sample, still notable): Software and Computer Services — DCBO (98.4/96.1/91.0, mom +3.86) and MSFT-CDR (mom +4.53) on trend; TC (Tucows) as a reversal standout at LT 10.4 → ST 83.2 with momentum +16.69, the second-highest momentum reading in the file. Electricity and Telecommunications show clean trend buys but almost exclusively in preferred/income shares (Fortis, BCE, Brookfield Renewable preferreds) rather than common equity.
🔴 SELL SIDE — sectors breaking down, ranked by bearish signal strength
1. Travel and Leisure — 37% of names on a sell signal (highest of any sector, either side)
| Ticker | Name | LT | MT | ST | Momentum | Play |
|---|---|---|---|---|---|---|
| TRZ | Transat A.T. Inc | 6.8 | 5.6 | 8.7 | -6.33 | Trend sell — collapsed across all three horizons |
| BRAG | Bragg Gaming Group | 1.5 | 10.0 | 9.1 | -3.58 | Trend sell |
| QSR | Restaurant Brands Intl | 80.7 | 21.8 | 15.8 | -4.50 | Reversal sell — was a long-term leader, now breaking down hard on the short term |
| AC | Air Canada | 72.5 | 42.2 | 5.3 | -3.47 | Reversal sell — long-term strength unwinding fast |
Reason: This sector has the single highest concentration of sell signals in the entire file. QSR is the sharpest reversal — a stock that was structurally strong on a long-term view (80.7) now trading at the bottom of its short-term range, which is the clearest topping pattern in the dataset.
2. Real Estate Investment Trusts — 22% sell signals
| Ticker | Name | LT | MT | ST | Momentum | Play |
|---|---|---|---|---|---|---|
| AP.UN | Allied Properties REIT | 1.6 | 4.7 | 9.8 | -3.91 | Trend sell |
| CAR.UN | CDN Apartment REIT | 1.6 | 4.9 | 7.5 | -3.29 | Trend sell |
| KMP.UN | Killam Apartment REIT | 68.8 | 7.1 | 6.7 | -3.32 | Reversal sell — long-term strength that has completely inverted on medium/short term |
Reason: Rate-sensitive REITs are broadly weak; KMP.UN is the cleanest reversal because it’s the only name still showing long-term strength (68.8) against a fully broken-down short term — the others are already in established downtrends rather than freshly turning.
3. Precious Metals and Mining — reversal-only breakdown (gold miners rolling over)
| Ticker | Name | LT | MT | ST | Momentum | Play |
|---|---|---|---|---|---|---|
| DPM | Dundee Precious Metals | 78.5 | 24.6 | 5.5 | -8.89 | Reversal sell — worst momentum in the sector, sharp break from a strong long-term base |
| ORE | Orezone Gold Corp | 81.6 | 45.2 | 5.8 | -6.72 | Reversal sell |
| WDO | Wesdome Gold Mines | 81.7 | 63.1 | 13.8 | -6.47 | Reversal sell |
| IMG | Iamgold Corp | 65.0 | 57.7 | 14.5 | -6.45 | Reversal sell |
Reason: No stock in this sector qualifies as a bearish trend — every long-term level is still well above 60. This is a sector-wide reversal, not a trend breakdown: gold miners that were structurally strong are turning down together, which reads as profit-taking after a run rather than a change in the underlying long-term picture.
4. Industrial Metals and Mining — mixed trend + reversal breakdown
| Ticker | Name | LT | MT | ST | Momentum | Play |
|---|---|---|---|---|---|---|
| TLO | Talon Metals Corp | 70.5 | 56.5 | 3.1 | -8.05 | Reversal sell — worst momentum in the sector |
| NGEX | Ngex Minerals | 60.2 | 43.7 | 7.8 | -5.65 | Reversal sell |
| SAM | Starcore International Mines | 9.9 | 19.3 | 22.2 | -4.91 | Trend sell |
| CIA | Champion Iron | 6.5 | 27.0 | 11.0 | -3.16 | Trend sell |
Reason: Unlike precious metals, base-metal miners show both flavours of weakness — some (TLO, NGEX) rolling over from strength, others (SAM, CIA) already in outright downtrends, suggesting broader-based industrial demand concerns rather than single-metal profit-taking.
Bottom line
- Best trend continuation buys: TD, BNS (Banks); CVVY, PSI, ACX (Oil, Gas & Coal)
- Best reversal buys: IVQ (Real Estate), TXP (Oil, Gas & Coal), TC (Software)
- Best trend sells: TRZ (Travel & Leisure), AP.UN/CAR.UN (REITs)
- Best reversal sells: QSR (Travel & Leisure), DPM (Precious Metals), KMP.UN (REITs)
This is a mechanical reading of the trend/momentum levels — no fundamentals, valuation, liquidity or news context were considered, so treat it as a screening starting point rather than a standalone recommendation.
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