USA & CANADA INSTAT DAILY PULSE REPORT, January 13, 2026
North American Markets Hold Strongly Bullish Tone, Led by Canadian Juniors & US Cyclicals
Processing Note: This is a special INSTAT report that all subscribers are receiving because I have not completed the transfer of all paid subscribers to the premium services yet. I am also in revamping the entire INSTAT reporting system to reflect more sector and industry analysis. The organization of prompts is the easy work. The clerical tasks of reorganizing the data structures so that the Navigator plus three unique premium reports can use the same trading data is laborious. I added the full report and the Gemini team discussion following the executive summary.
Executive Summary
North American equity markets continue to exhibit broad bullish momentum, supported by strong technical and INSTAT signals across major indexes. The S&P/TSX Venture Composite stands out with exceptional gains (+81.94% YoY) and a near-perfect INSTAT score of 94, reflecting strong speculative interest in Canadian junior markets. In the U.S., the Dow Jones Industrials leads with a perfect INSTAT of 100, supported by robust cyclical and trend scores, while the S&P 500 and NASDAQ remain in neutral-to-bullish territory with moderate short-term consolidation.
Beneath the surface, dispersion is high. U.S. equities display a bimodal distribution: strong bullish signals in energy, semiconductors, and industrials contrast with deeply bearish readings in software, fintech, and challenged consumer names. This underscores a stock-picker’s market, where sector and single-stock selection is critical.
In Canada, energy and materials dominate leadership, with names like Cenovus Energy and Agnico Eagle Mines posting strong returns and high INSTAT scores. However, rate-sensitive sectors like telecoms and financials show mixed to negative signals, reflecting lingering macro uncertainty.
Key Takeaways:
Index outlook: Strongly Bullish for Dow and TSX Venture; Bullish for S&P 500, NASDAQ, and small caps.
Sector leadership: Energy, industrials, and select growth names outperform; software and discretionary sectors lag.
Risk context: Markets remain sensitive to Fed policy, geopolitical events, and commodity volatility—particularly for resource-heavy Canadian equities.
Actionable insight: Maintain exposure to high-INSTAT cyclicals and energy, while avoiding structurally weak sectors. Use pullbacks in large-cap indexes as opportunities within an ongoing uptrend.
FULL REPORT:
Gemini team discussion (once again with errors in describing INSTAT):
