Sector breakoutThis chart below on the JETS ETF signals sector reversal Which will help tremendously in our momentum going into next week. AC has been lagging short term, partly due to the massive run we've had, and secondly due to the Bank of Canada raising interest rates. I find it ironic that AC reacted negatively to the BOC raising rates, given the fact they also sold off after the BOC dropped interest rates a couple years ago. The current CAD value increase is a tremendous tail wind going into Q3 and I suspect investor day will shed some further guidance on that. I've also attached the AC chart showing the short term consolidation zone that we need to break out.
Good luck to all going into next week. I'm anticipating a turn in momentum here going into the end of the week and most certainly putting my money where my mouth is. Cheers
