Canada hits back at US Tariffs, Market Implosions, and Stock Breakouts

Featured Article this week:

• Nova Scotia Premier Tim Houston Takes Bold Action Against Trump’s Tariffs – In response to Trump’s 25% tariff on Canadian goods, Premier Tim Houston has banned U.S. businesses from bidding on provincial contracts, removed American alcohol from store shelves, and doubled tolls for U.S. commercial vehicles at the Cobequid Pass.

• Major Economic and Labor Concerns for Nova Scotia – The Nova Scotia Federation of Labour warns that thousands of jobs in key industries, including lumber, seafood, and tire manufacturing, are at risk due to the tariffs. Labor leaders are calling for emergency measures, including employment insurance extensions and financial support for affected workers.

• A Growing Trade War Between Canada and the U.S. – Houston’s aggressive stance signals that Canadian provinces are prepared to retaliate against U.S. trade policies. With economic tensions escalating, the long-term consequences for businesses and workers on both sides of the border remain uncertain.

Military Metals Approaches Key Technical Levels

Disclaimer: This is not financial advice. This information is for educational and informational purposes only and should not be considered investment advice. Please conduct your own due diligence and consult with a registered financial professional before making any investment decisions.

Military Metals is approaching a critical technical juncture, with the potential for significant movement in the near term.

Currently, the stock is consolidating within a symmetrical triangle pattern, signaling a compression of range that often precedes a decisive breakout. With price action tightening, traders and investors are closely watching for confirmation of the next move.

Key Levels to Watch:

• Support: Well-defined around $0.50, serving as a strong foundation.

• Resistance: Between $0.65 and $0.70—a breakout above this range with increased volume could open the door to $0.85 or even $1.00 in the near term.

Technical Indicators Suggest Momentum is Building:

• Higher Lows: Indicate steady buying interest.

• Relative Strength Index (RSI): Hovering near 50, on the verge of entering bullish territory.

• MACD: Stabilizing at the baseline, signaling potential momentum shift.

• Volume: Gradually contracting, a typical precursor to a breakout.

Final Thoughts

MILI is at a pivotal point. Should it break resistance with strong volume, the stock could see rapid movement. Market participants will be closely monitoring for confirmation of trend direction in the coming sessions.

Again, this is not financial advice—always conduct thorough research and consult with a financial professional before making investment decisions.

Market Snapshot Today:

• U.S. Markets Reeling from Tariffs, Eyeing Rebound:

  Dow, S&P 500, and Nasdaq fell sharply on March 3 (S&P down 1.8%, Nasdaq off 9% from December highs) after Trump confirmed 25% tariffs on Canada/Mexico and 10% on China, effective today. Pre-market futures hint at recovery: Dow +0.2%, S&P +0.4%, Nasdaq +0.6%.

• Global Mixed, Commodities Wobble:

  Europe hit records (Stoxx 600, FTSE 100) on March 3, while Asia was mixed awaiting tariff impacts. India’s Nifty neared a nine-month low. Oil dipped, gold held as a safe haven (January: $2,812/oz), and the U.S. dollar weakened slightly.

• Key Focus Today:

  Volatility reigns as tariffs kick in, with markets watching inflation risks and tech sentiment (e.g., Nvidia’s upcoming conference). Treasury yields eased to 4.18%, signaling caution ahead of the 6:30 AM PST market open.

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