Leadership Beneath the Surface: How Stock Trends Identifies System-Critical Equities
The broad market still reads as a rotation market rather than a generalized expansion phase. Energy, Materials, and Utilities remain the clearest sector-level leadership blocs, but the current Stock Trends dataset shows that a second layer of leadership is now becoming more visible beneath the sector averages.
That secondary leadership is important because it does not present itself as broad participation. It appears instead through specific industry groups whose internal trend structure is materially stronger than that of their parent sectors. In this week’s data, the clearest examples are Semiconductors and Equipment, Telecommunications, Containers & Packaging, and Banking.

Hence, anyone who had followed the "Stock Trends" line should have sold their Bre-X shares and, with the windfall, paid for a lifetime subscription to The Globe and Mail and more. Talk about return on investment!