TI 04/25/25

Chart of the Day 📈 4/25/25: The Investing Case for...Canada

Mike Larson | Editor-in-Chief

I just had a fascinating conversation with Amber Kanwar, host of In the Money with Amber Kanwar, for my MoneyShow MoneyMasters Podcast. Based in Toronto, she has been covering Canadian and US markets for more than 15 years for BNN Bloomberg, CTV, and other financial media outlets.

You can check the episode out here to see what she had to say about US-Canada trade relations, the makeup of the Canadian market, recent fundamental drivers for Canadian stocks, and more. But it got me thinking about the TECHNICALS…what the CHARTS say about investing north of the border.

Here is the MoneyShow Chart of the Day – one showing the year-to-date performance of the JPMorgan BetaBuilders Canada ETF (BBCA).

The $7.6 billion fund is the largest ETF by assets that US investors can use to access Canadian markets. BBCA’s top holdings include banks Royal Bank of Canada (RY) and The Toronto-Dominion Bank (TD), e-commerce giant Shopify Inc. (SHOP), the energy pipeline and processing company Enbridge Inc. (ENB), and the railroad operator Canadian Pacific Kansas City Ltd. (CP).

BBCA is up around 3% year-to-date. That far outpaces the 9.7% LOSS for the SPDR S&P 500 ETF (SPY). So, that’s one point in the Canada column! Stochastics, MACD, and RSI all look solid in the recovery from the early-April swoon, too.

We are coming into an area of technical resistance just below $74. That might be tough to clear – and the same goes for the February high. But given the Canadian market’s heavier weighting in sectors like financials and commodities – and lighter weighting in technology – further rotation into those groups should help its case.

Bottom line: Investing north of the border could be a smart play in 2025.

Hoenig: Why Following the Herd is Killing Your Returns

Jonathan Hoenig — hedge fund manager, Fox News contributor, and founder of Capitalistpig.com — took the stage at the 2025 MoneyShow Masters Symposium Dallas with a bold call to action: Ignore the crowd, rethink diversification, and start thinking globally.

In this fast-paced, no-hype keynote, Hoenig shares why conventional wisdom is costing investors returns — and how to fix it. From overlooked foreign markets outperforming the US to commodities making a stealth comeback to platinum flying under the radar, he explains why now is the time to build a portfolio for absolute returns — not just beat the S&P 500.

• SPX: In "No Man's Land" Now, But Watch These Levels for a Breakout
  👉️ TICKERS: SPX

  In a sign that President Trump is blinking, he said he plans to be “very nice” to China in any talks and that tariffs will drop if the two countries can reach a deal. But from a technical perspective, the S&P 500 Index (SPX) forecast remains rather undecided, explains Fawad Razaqzada, technical analyst at Trading Candles.

• QQQ: While Tech Led Recently, the Longer-Term Trend is Troubling

  👉️ TICKERS: GOOGL, META, QQQ, TSLA, XLK, SPX

  The major indices closed with nice gains on Wednesday, but well off the highs achieved earlier in the session. The S&P 500 Index (SPX) gained 1.4%, while the Invesco QQQ Trust (QQQ) added 2.1%. So, it shouldn't be hard to tell what sector led – technology. But the bigger technical picture remains troubling, observes John Eade, president of Argus Research.