O Canada:
In this note we go around the world looking at banking plays from Japan, India, and Colombia, and many of our domesic names, but with our neighbor to the North their is a clear outlier since the start of 2025. The performance chart here measuring the returns of the larger banks shows TD almost climbing above the top of the chart and it is the only one of the quartet in positive ground, and doing so by double digits and sporting an attractive dividend yield of almost 5%. On the longer term MONTHLY timeframe this name has a nice technical look below, riding its 50 MONTH SMA and for the last 3 years plus has been absorbing the big move between March 2020-February 2022 that rose 179%. This should feel a gravitational pull toward the cup base pivot of 70.71 in the near term and a break above there would carry a measured move to the very round 90 number. Peering at the DAILY chart there area few things to admire. First it is currently shrugging off the doji candle from 3/25, it completed a bullish island reversal with the gap up on (after the gap down 4/4) Monday, and is outshining the XLF since last December.