Tuesday, June 13, 2006

Bullion ETFs vs. Gold stocks

For much of the early part of this year the iShares Comex Gold Trust ETF (TSX:IGT) under-performed the iShares S&P/TSX Gold Index ETF (TSX:XGD), but with the plummeting sector turning investor sentiment sour, investors in gold stocks and XGD are taking relatively more off the table. Measured by Stock Trends 13-week Relative Strength Indicator (RSI), the comparative price performance has now turned in IGT's favour.

Friday, June 02, 2006

Fortis utility

Rising volatility is factoring into sector moves. The Volatility Index (VIX) is now up over 25% in the last 13-weeks. Some investors may see this as a sign to move to defensive stocks. One TSX utility stock that is building price momentum is Fortis Inc. (TSX:FTS). It advanced 11% this week and has shifted to our Weak Bearish trend category. Current 13-week Stock Trends RSI is 108, ranking it highest among TSX utility stocks. Unusually high volume punctuated this week's move.