AMTN Analytics provides a broad perspective through the lens of intermarket analysis, relative strength, and momentum.

Rooted in the core tenets of technical market analysis, AMTN Analytics views price as a reflection of collective investor psychology, discounted information, and observable price trends. Analyzing market structure reveals the repeatable patterns inherent in investor behavior, allowing for the identification of directional biases. This technical foundation is then supplemented by market statistics and qualitative factors to develop a comprehensive investment thesis.

Intermarket Analysis

Developing sound market assessments requires a broad perspective rooted in the relationships between asset classes. Since currencies, commodities, and bonds are deeply interdependent, analyzing equities in isolation creates a strategic blind spot.

Relative Strength

Relative strength analysis sharpens the top-down investment process by optimizing sector rotation strategies. Its primary goal is to identify the sectors driving market performance and, crucially, the specific constituents within them that are exhibiting market leadership.

RElative Strength

Price Momentum

Gauging the velocity of price changes, momentum analysis assesses developing and overextended trends. By supplementing traditional price analysis, it provides an additional vantage point that supports market assessments and investment process.

The sandbox is the S&P/TSX Composite Index — the headlining barometer for the Canadian equities market.

The S&P/TSX Composite Index is a float-adjusted market capitalization-weighted index of 229 constituents, with an estimated total market capitalization of $3,251,150 (CAD Mil). Historically, the index is heavily concentrated in the Financials, Materials, and Energy sectors, making it a sector-concentrated proxy—unlike the broader S&P 500 in the United States. Although the focus is on observing trends in the Canadian equities market, which accounts for less than 5% of global financial markets, Canadian investors should remain cognizant of this concentration risk to appropriately assess and manage their portfolio risk.

S&P/TSX Composite Index as of August 31, 2021, S&P Dow Jones Indices

While luck—both good and bad—plays a role in investment outcomes, long-term success is a product of consistent, high-quality decision-making compounded over time.

Financial markets are navigated through a top-down framework anchored in discipline and active risk management. Utilizing a ‘weight-of-the-evidence’ approach, this process synthesizes intermarket relationships, sentiment, and breadth to establish an informed risk-on or risk-off posture. Analysis then concentrates on sector leadership at the intersection of relative strength, momentum, and market structure—targeting high-probability sector and industry groups with favorable risk/reward profiles. This approach is further refined by integrating technical data with qualitative insights, ensuring research remains grounded as financial markets and business cycles shift.

Charting markets, observing trends, & painting a broad stroke of color.