Technical Analysis

Apply a differentiated trend approach to market assessments to help capture both capital appreciation and alpha. Our proprietary methodology for technical analysis employs trending indicators that can help identify price movements, with a primary focus on stocks, sectors, indices, currencies and commodities . Our central pieces of our work include:

The TrendSpotting Matrix (TSM)

It is a trend-scoring system, based on the assumption that prices move in trends and that trends tend to persist. TSM-score evaluates 12 key technical factors to provide a detailed picture of market action as to whether or not there is a trending environment underway.

  • TSM-Portfolios (CDA & US) are constructed and rebalanced on a monthly frequency based on a bottom-up trend factor analysis.

Breadth Decomposition Analysis

This work scores all 10 Global Industry Classification Standard (GICS) sectors in the TSX and S&P 500 indices to identify sectors that demonstrate collective upside or downside behavior, highlighting thematic characteristics that may be in progress.

A Closer Look

This provides a deep dive into technical internals of the broader indices from a top-down perspective. It explores cross-market metrics that are associated with market peaks and troughs — sentiment, volume, volatility, asset correlation and metric deviation from norm.

We also look at ratio analysis, pair trading and more to go beyond simpler technical methodologies to help identify possible timely buying and selling situations.

Reports for the TrendSpotting Matrix portfolios, Breadth Decomposition Analysis and A Closer Look are published on a monthly basis. These are complemented by conference calls and one-on-one meetings with our technical experts who explain their various perspectives on the market and how the data supports their viewpoints.