David Burrows @barometerca Twitter profile

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David Burrows

@barometerca

1 month

A VERY big picture view. Pulling the lens way back, it may be worth keeping this relationship in mind. #Gold vs. $QQQ

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David Burrows

@barometerca

3 months

Enough is enough...how much damage can one man do??

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David Burrows

@barometerca

1 year

The job of a portfolio manager is to recognize change, overweight areas of market leadership and stay as long as it persists. The revaluation of commodities is an important shift that is likely to attract incremental capital flows for a long time. #commodities #energy #metals

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David Burrows

@barometerca

8 years

In a bear market the most important skill is to be a good seller. In a bull market the hardest thing to do is to stay with your winners

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David Burrows

@barometerca

1 year

Oil has room to move...with debt paid down and boards focusing producer CEOs on retuning capital to shareholders, total returns by way of appreciation and dividend increases should attract a growing cohort of income investors. Pension funds have largely exited energy but private

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David Burrows

@barometerca

2 years

$CNQ - so many big base break-outs in #energy and #commodities - clearly an early stage structural or secular bull market.

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David Burrows

@barometerca

1 year

Find the secular bull markets and focus on the highest quality assets. Rising earnings, rising multiple and rising dividend...a triple threat. $CNQ has long life assets, and has just broken out with measurements much higher. Return of capital to shareholders should motivate

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David Burrows

@barometerca

6 months

$CNQ is clearly on its way... Over the next five years, earning likely double, dividend likely doubles and multiple likely doubles...what might that mean? #OTT #energy

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David Burrows

@barometerca

1 year

These kind of price patterns over 12 years in the making do not come along very often. This cash generating machine has paid down debt, dividend will rise and likely multiple will expand as the under ownership in energy begins to normalize. $CNQ #energy

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David Burrows

@barometerca

4 years

Only Seven Signals In Last 40 Years... Q: What happened next in the stock market? Courtesy of Chris Ciovacco @CiovaccoCapital

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David Burrows

@barometerca

1 month

Relax and recharge;-) Nothing better than weekend activities and summer burgers with your family. 🍔😎🎾

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David Burrows

@barometerca

1 year

Looks as though #commodities have re-ignited - leg two of new secular bull market is under way. $DBC $DBA $DBE $GUNR $XLE

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David Burrows

@barometerca

9 months

Not sure that I could think of a more disastrous policy that could be implemented in Canada.

Eva Vlaardingerbroek

@EvaVlaar

9 months

🚨Universal Basic Income doesn’t just drive massive inflation and make people lazy, it especially makes people dependent on the government. And once you’re dependent on someone, they have control over you and can demand things from you. There’s no such thing as a free lunch.

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David Burrows

@barometerca

6 months

Well...a pretty compelling earnings report and very long technical setup makes it likely $CNQ is ready to run. 100% of free cashflow to be returned to shareholders as debt pay-down has hit targets early. #energy

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David Burrows

@barometerca

5 months

A strong couple of months for #Commodities however, when you pull the lens back, we are likely just starting wave 2 of a much longer process. Another key point in a case for reflation. If we cant beat inflation, we may as well be positioned to benefit. $COPX $XME $XOP $DBA

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David Burrows

@barometerca

2 years

After breaking above bearish resistance dating back to the $124 high, yesterday $WTI had a spread triple top breakout signalling the next leg higher. #Oil continues to look strong despite risk that recession weakening demand. Can #energy buck the tightening financial conditions?

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David Burrows

@barometerca

2 years

Houston - We are going to need to find more oil!!🛢️🛢️ $XES $OIH

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David Burrows

@barometerca

4 months

This week I recorded our webcast this morning for posting today, in lieu of our live zoom. When your special person has a birthday, the early evening is hers ;-)

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David Burrows

@barometerca

2 years

When $RIO Tinto broke from its consolidation range in 2003, what came next was pretty astonishing. China re-opening and US on-shoring could be important catalysts.

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David Burrows

@barometerca

1 year

$CNQ - Energy vs. SPY gaining strength - Watch for long life assets to resume a move higher #energy

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David Burrows

@barometerca

6 months

Almost afraid to say it... This is a very interesting weekly bar on the long term gold chart. Many will expect Lucy to pull the football but it appears gold may be ready for a move higher with almost no one on board. #GOLD $GDX $GDXJ #Silver $PHYS #preciousmetals

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David Burrows

@barometerca

11 months

@KobeissiLetter Not sure…

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David Burrows

@barometerca

2 years

What is 100 years of reserves worth? Set-ups like this don't come often $CNQ #energysecurity #EnergyCrisis #Commodities

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David Burrows

@barometerca

1 month

In the time it takes for these to grow, there is a lot of sunshine, some rain and a few storms… Try not to focus on the bad days. You can’t have one without the others. ☀️☔️⛈️🌈 Enjoy your weekend. For me, some outdoor time with my family and a few hundred charts😁

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David Burrows

@barometerca

11 months

For those who believe that the strength in #energy is temporary or overdone, do not lose sight of the bigger picture. Regime change doesn't happen often and be costly to miss... $XLE relative to $RSP (Equal Weight S&P500)

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David Burrows

@barometerca

2 years

Jeff Currie at Goldman articulates his case for commodities bull...not much to disagree with from here.

Craig Elmendorf

@CraigElmendice

2 years

“Our conviction in the bull case for oil,, has never been stronger” Jeff Currie Goldman Sachs 💪🏼🛢️. #oott #com

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David Burrows

@barometerca

11 months

Surely Trudeau has bigger fish to fry….seriously…podcasts???

Pierre Poilievre

@PierrePoilievre

11 months

Trudeau’s creepy decision to force podcasts to register with his government is his latest attempt at censorship. I will repeal censorship & bring home free speech:

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David Burrows

@barometerca

2 years

Don't ignore this tell.... #Oil Services not believing a glut is upon us... $XES $OIH

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David Burrows

@barometerca

5 months

Imperial Oil - A 3.5% #dividend growing over 20% looks pretty good, but what might total return be if we have entered a long term bull for energy? The last one wasn't so bad;-) $IMO $CNQ $SU $XEG $XOP

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David Burrows

@barometerca

1 year

Who is overweight? At the end of June, portfolio manager's #commodity exposure was at multi-year lows. My guess is that flows are reversing and dips will be bought. Commodity producers have been paying down debt and are committed to returning capital to shareholders...could be

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David Burrows

@barometerca

5 months

With an hour to go it is looking like a clean breakout for #copper miners ETF ( $COPX) on the long monthly chart A solid initiating candle out of the recent consolidation bodes well for this sub group.

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David Burrows

@barometerca

1 month

With global investors most short commodities since 2016 there is not much to liquidate. This is not a crowded asset.

Otavio (Tavi) Costa

@TaviCosta

1 month

The remarkable resilience in commodities on a day marked by complete liquidation of risky assets highlights how early we are likely in the cycle for hard assets.

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David Burrows

@barometerca

1 year

One by one commodities have broken out of consolidation pennant patterns. $TECK.B is just breaking out. History suggests that breaking from a VERY long base can lead to VERY long advances....see $CCO recently. Dividend growth could be substantial for income investors looking for

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David Burrows

@barometerca

2 years

Ready, fire, aim is not a sound investment strategy. This government is WAY too cavalier with OUR money. Sounds as though it may be the most poorly governed concept stock in Canada.

Shaun Rickard

@ShaunRickard67

2 years

Watch Chrystia Freeland get busted for skimming $2 Billion of tax payers money to invest in a company that doesn't even exist. One can only speculate which of her friends the funds were for? Thankfully this Senator very clearly demonstrates how BS doesn't always baffle brains.

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David Burrows

@barometerca

6 months

Leading the way toward nuclear to power data centres.

John Quakes

@quakes99

6 months

Boom!🎤Tech giant Amazon goes #Nuclear ⚛️⚡️🔌💻 with $650M acquisition of Talen Energy's 960MW Nuclear-powered Data Center in #Pennsylvania that gets safe, 24/7 reliable #CarbonFree #electricity from the 2.5GW Susquehanna nuclear power plant🌞🤠🐂 #Uranium

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David Burrows

@barometerca

2 years

Crude Oil breaking out of wedge consolidation completing the correction from $124...sets up the next leg higher? Wedge patterns often result in sharp moves in the direction of resolution. #energy #energytwitter $USO $BNO $DBO

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David Burrows

@barometerca

1 year

Looking like a solid break-out on the monthly close for $CNQ. Long reserve life with outsized return of capital to shareholders over the next several years through a growing dividend and share buy backs whether oil rallies or not. #dividends #reflation

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David Burrows

@barometerca

5 months

Could be an excellent entry level for those who missed the initial break higher in #energy $XLE $XOP $XEG $XES $FENY $IXC Rising and persistent relative strength vs. $SPY

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David Burrows

@barometerca

2 years

With #CrudeOil trading above the 8 day, the 21 day and 50 day MA and confirming the trend break above the consolidation from $124, it looks like it is ready to challenge the rising 200 day moving average. As the US election nears, the rhetoric and sales from the SPR could abate.

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David Burrows

@barometerca

1 year

The energy sector continues to be under-owned and inexpensive. My guess is that the sector will grow as a percent of the $SPY over the next 5 years. $XLE

Otavio (Tavi) Costa

@TaviCosta

1 year

Meanwhile: The implied demand for oil just surged to all-time highs. It was the largest weekly increase in 26 years. It is worth noting that US oil production remains ~7% below pre-pandemic levels with total operating rigs starting to contract for the first time in 3 years.

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David Burrows

@barometerca

10 months

Lest we forget, the sacrifices made for the privileges we enjoy. Feeling grateful.

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David Burrows

@barometerca

2 years

How likely do you think the SPR will refill 200 million barrels at below $70 per barrel???

Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

🚨🚨 IMPORTANT ------- US crude oil inventories FALL by 3rd LARGEST EVER back to 1982 Down 14 MILLION barrels over previous week 1.4m barrels from SPR - that matters, demand is demand, don't let EIA and charlatans fool you otherwise 🫡 OIL DEMAND IS NOT WEAK

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David Burrows

@barometerca

6 months

Liftoff... $CNQ

David Burrows

@barometerca

6 months

Well...a pretty compelling earnings report and very long technical setup makes it likely $CNQ is ready to run. 100% of free cashflow to be returned to shareholders as debt pay-down has hit targets early. #energy

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David Burrows

@barometerca

1 year

Not to mention that return of capital discipline is providing great dividend growth…argues for multiple expansion.

Rob Anderson

@_rob_anderson

1 year

The Energy sector represents over 12% of S&P 500 earnings but only about 4% of S&P 500 market cap, the widest gap since 2009. The last time Energy's earnings weight was above 12% was in 2013. Back then, the sector made up over 10% of the index's market cap. @NDR_Research

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David Burrows

@barometerca

5 months

I enjoyed an hour of lively discussion with @paulbagnellBNN on @BNNBloomberg 's @marketcall . We discussed major market themes, our current portfolio positioning answered viewer questions on large cap stocks and shared three timely picks.

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David Burrows

@barometerca

27 days

I would put this one in the must own camp... To my eye this looks like it is embarking on a pretty solid long term uptrend. Cashflows and shareholder returns are likely to be revalued higher over the next number of years and this one could be a beast. $IMO #energy

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David Burrows

@barometerca

5 months

A solid 5 minute interview with a real pro. Worth a watch...

John Zechner

@jzechner56

5 months

You don’t have to be a gold bug to see opportunity in gold stocks:

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David Burrows

@barometerca

2 years

At the end of last week, 4 for 4 short term breadth indicators have reversed up suggesting at least a near term tactical rally. % of NYSE issues >50 day MA % of NYSE issues >150 Day MA % of NYSE issues with positive weekly momentum % of NYSE issues making new highs v new lows

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David Burrows

@barometerca

1 year

The technical significance of the gold candlestick chart breaking out of a 12 year long cup and handle pattern is extremely significant. This is an exceptionally long-term bullish formation that suggests a strong potential for the price of gold to continue to move higher. The

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David Burrows

@barometerca

2 months

And it’s a wrap… Enjoy your weekend wherever you are. 🎾☀️🚤😎

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David Burrows

@barometerca

1 year

At the risk of being repetitive - Commodities now outperforming both fixed income and equities. Positioning is light and sentiment weak... When something isn't acting the way the crowd expects, it is usually worth paying attention. $XOP $DBC $USCI $DBB $XME $PICK $GUNR

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David Burrows

@barometerca

1 month

Japanese yen carry trade unwind driven by a surprise rate hike in Japan, combined with crowded positioning in mega cap growth will likely require both time and price to run its course before these can have a meaningful advance. Everything is for sale today but defensive and less

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David Burrows

@barometerca

4 months

Cameco continues to move up out of a 15 year base. #Uranium market is likely to remain tight given the geo-political tensions and global move toward nuclear power as one of the only solutions for base load supply. $CCJ $CCO

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David Burrows

@barometerca

1 year

Had a great 6 minute discussion with @JonErlichman on @BNNBloomberg this morning on the latest outlook for markets and how investors could avoid risks posed by current consensus defensive positioning. $SPY #equities #investments

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David Burrows

@barometerca

6 months

Another big cap, cash generating resource producer moving up and away as investors focus their attention on securing a rising stream of cashflow to offset a rising cost of living. In a world where inflation is sticky, this theme will be with us for a long time. #dividend

Bullish Trend

@trend_bullish

6 months

$SU.TO Out of the base, 2 years of accumulation

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David Burrows

@barometerca

23 days

#Gold looks set to exit the week at a new all-time high. If technicals and history are any indication, this may be just the beginning. A global liquidity cycle could light a fire here. $PHYS $GLD

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David Burrows

@barometerca

1 year

Such an interesting chart

Energy Burrito™️

@energyburrito

1 year

We have never transitioned away from any energy source ever. #OOTT #uranium

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David Burrows

@barometerca

1 year

When persistent pressure comes off a group like commodities today and a leading stock breaks out on day 1, it is worth paying attention $CCO $CCJ #Uranium #commodities

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David Burrows

@barometerca

1 year

#Dollar continues to weaken... #commodities secular bull market resumes after 10 months of consolidation. #energy #Oil #GOLD #Copper $PHYS $PSLV $COPX $XLE $BNO $DXY

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David Burrows

@barometerca

2 years

Energy on the cusp of re-accelerating vs. $SPX? Most often charts break out of triangle pennants in the same direction they came in. Improving breadth is supportive. $XLE $XOP $XES $IYJ $XEG

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David Burrows

@barometerca

1 year

I has a great discussion with @AndrewBellBNN on @BNNBloomberg this morning to discuss our macro outlook and portfolio ideas. $WTI $NVDA

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David Burrows

@barometerca

10 months

There is no bear market in history that took place while breadth was expanding. What a change over the week🔥🔥 Breadth in both the short term indicators and the longer term bullish% readings have improved dramatically. Bullish% tracks the percent of issues trading on a point

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David Burrows

@barometerca

10 months

Fed tightening is done. Goldman is looking for 21% upside to #commodity prices over the next 12 months. If so, producers print cashflow. If this didn't break down through the tightening, which way is this going to go next? $XME $PICK

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David Burrows

@barometerca

6 years

With the Dow Jones Total US Completion Index (all stocks NOT in the $SPY) and the Valueline Arithmetic Index (1800 unweighted US total stock composite) +6.2% YTD both hitting new highs it is hard to suggest US Equities are only driven by FANG or that they are weak.

Chris Ciovacco

@CiovaccoCapital

6 years

While the S&P 500 remains inside the Feb 2018 consolidation box, many market leaders have broken out and pushed to new highs. Hard to argue this is a bad sign for the general market.

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David Burrows

@barometerca

8 months

Dividend growth investing is one of the only free lunches available. Not only has the dividend growth cohort outperformed other cohorts including the index and high dividend payors, but it comes with less volatility. #equities $SPY $TSX @edrempel

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David Burrows

@barometerca

2 years

#ValueInvesting is on the rise! 📈 After years of large growth stocks dominating the market, we're seeing a shift towards value-oriented stocks. It's time to join the movement and reap the long-term rewards. 🤩 #Investment #StockMarket #StockPicks

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David Burrows

@barometerca

2 years

90% down day followed by 90% up days are rare….from Lowry’s on bear market bottoms. #equities $SPY $QQQ $IWM

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David Burrows

@barometerca

7 months

Sometimes patience is rewarded. Like sunshine ☀️ on a mid-winter day;-)

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David Burrows

@barometerca

10 months

And we are off...weaker dollar and yields take the pressure off a market where investors and quants are now under-positioned and have been overly bearish. Solid improvement to equity market breadth readings came through yesterday along with a follow thru day on big volume.

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David Burrows

@barometerca

1 year

#Brent and $WTI (+6% on the week) crude looking very supportive coming into September - #energy complex to continue relative strength leadership into the fall. $XOP $XLE $XEG $XES $IYE $BNO $DBO $OIL

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David Burrows

@barometerca

11 months

Energy continues to set up. It is unlikely that it will be held at a 5% weight in the $SPY. When it is cheaper to drill on Wall St. than in Texas or Alberta, investors should expect further catalysts. $XOP $XLE $XEG #energy

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David Burrows

@barometerca

11 months

I hope everyone enjoys at least one more warm fall weekend;-)

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David Burrows

@barometerca

2 years

If 2020 was a generational low for interest rates, what will serve investors well as a source of returns going forward? A thread on dividend growth during secular rising rate cycles

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David Burrows

@barometerca

5 months

Now that monthly chart is going to make some folks sit up and take notice... What is it they say about history rhyming? #GOLD $PHYS $PSLV $GDX $GDXJ $XGD

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David Burrows

@barometerca

2 years

Both Oil and Gas Exploration $XOP and Oil and gas Services $XES ETFs breaking out of recent range today. Energy breadth models turned higher last week. Another sector with improving relative strength vs. SPX

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David Burrows

@barometerca

2 years

Bear markets rarely follow 10 day runs where NYSE advance/decline ratios are greater than 2:1 The market is like machine driven by 1000 moving parts. Sometimes a combination of small factors can overwhelm the big obvious ones that investors are focusing on. Thanks @RyanDetrick

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David Burrows

@barometerca

6 months

The market has been signaling what Goldman Sachs is suggesting today...there is upside in #materials pricing going forward and many underweight. $SCCO another large cap #copper producer breaking higher. These are very large bases, suggesting significantly higher share prices

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David Burrows

@barometerca

5 months

Join me on @BNNBloomberg 's @marketcall at 12pm EST today, where we be updating our current macro views, talking portfolio positioning, and taking questions from viewers on large-cap equities and ETFs.

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David Burrows

@barometerca

2 years

Another indication of a secular regime change - first monthly close where #GOLD now outperforming $QQQ. Last time this happened was 2000... $GLD outperformed for a LONG time

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David Burrows

@barometerca

1 month

Absolutely nothing wrong with seeing the Equal Weight S&P500 ( $RSP ) on the relative strength new high list... The equal weight index has underperformed by a record amount over the past two years. The equal weight has beaten the market cap weighted index in more years than

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David Burrows

@barometerca

9 months

Things that make you say hmmmm… We end the week with a very interesting clue as to what is coming. A broadening market is a healthy market. Equal weight vs. Market Cap Weighted S&P500. $RSP $SPY

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David Burrows

@barometerca

1 year

#Commodity complex lifting. Leg #2 on deck $COPX #Copper #Oil #GOLD #Silver $GDX $GDXJ $SILJ $SIL $PHYS $DBC $DBA $XLE $XES $XOP

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David Burrows

@barometerca

2 years

$DXY important to watch here. In a downtrend... broke support and the 50 day moving average. What was support now becomes resistance. So far rejected at the declining 50 day. Weaker dollar = risk on. Declining $USD favourable for #materials , #Global #stocks and #Energy

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David Burrows

@barometerca

30 days

The calm after the storm… Pleased to see the week go out on a different note than when we came in. Enjoy your weekend.

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David Burrows

@barometerca

3 months

I had the opportunity to speak to @AndrewBellBNN on @BNNBloomberg 's 'The Close' yesterday. We discussed the narrowing breadth in the stock market and how we are managing in portfolios.

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David Burrows

@barometerca

11 months

A great chat with @JonErlichman today on @BNNBloomberg . A quick talk about $bns and banks off the top followed by a macro markets discussion about important structural changes evident in markets and what it means for investors.

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David Burrows

@barometerca

1 year

Freeport $FCX sending us a message that like other materials copper is preparing to rally?

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David Burrows

@barometerca

2 years

#DowJones is looking eerily like a bottoming price pattern and rising breadth shows improving resilience. #equities #stocks

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David Burrows

@barometerca

2 years

Risk appetite is building. Late Feb pullback may have run its course. High Beta vs. Low Vol relative strength is rising

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David Burrows

@barometerca

2 years

A BIG bounce in assets negatively correlated to a weak dollar suggests rejection at resistance is meaningful and that $USD is likely to continue lower. Many equities and ETFs in related groups immediately made relative strength new highs.

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David Burrows

@barometerca

10 months

Another great day of equity market breadth improvement... 893 point and figure buy signals 54 new sell signals Greater than 10-1 buys vs. sells

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David Burrows

@barometerca

6 years

Is October’s wicked market pullback morphing from bull market correction to a new bear market? $SPY $QQQ $IWM

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David Burrows

@barometerca

2 years

I had a chance to play with these future champs in the Squash Ontario Mixed Doubles this weekend. Barometer was happy to be a lead sponsor of this great event. @SquashOntario

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David Burrows

@barometerca

4 months

After a pause to refresh during April, both short and long term breadth models have one by one turned back higher...today World Bullish% will be the last to turn green. This is NOT sell in May and go away.

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David Burrows

@barometerca

23 days

I was asked this week if we were still bullish $TECK Resources given the recent pullback in #metals and #copper . If this was enough to shake us out, we should never own a cyclical. $COPX (Copper producers #ETF ) is down 20% from its recent high and $TECK.B down 9%. This is the

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David Burrows

@barometerca

2 months

This past weeks market rotation cannot be ignored. History has shown this type of action only a handfull of times and the message to investors is clear. Watch this weeks webcast where we decoded the message and discussed opportunities to benefit.

Barometer Readings Webcast

July 16th 2024

barometercapital.mysocialcard.top

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David Burrows

@barometerca

10 months

Yes, bonds have probably made a turn for the better. As a yield seeker, I would still prefer a 5% #dividend growing over 20% in an inflation protected asset. Don't focus on broken assets getting fixed but instead, own good assets getting better. Immediate new highs are the

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David Burrows

@barometerca

10 months

A monthly close up here would be meaningful. Potential cup with handle resolution. Lets see how it settles out but #gold equities have begun outperforming the metal itself.

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David Burrows

@barometerca

1 month

$DXY failing from below the moving averages... Is very positive for #global #stocks , #commodities , and risk assets in general. Breadth of advancing assets continues to improve overall despite recent weakness in #megacaps . Will be interesting to see the markets reaction to

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David Burrows

@barometerca

5 months

Barometer continued to take #technology lower last week as breadth has been contracting over the past several weeks. Also almost non-existent are #Bonds and long duration assets such as #REITs and #Utilities , where higher bond yields pose a problem. Long Financials,

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David Burrows

@barometerca

4 months

Always interested to find strength against a generally sloppy back-drop. #Uranium showing serious resilience $U.UN

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