Smallcap Segment Leads Market with Strong Returns and Positive Sentiment

The smallcap segment of the market has been the best performer today, with NovaGold Resources, Inc. leading the pack with a return of 10.78%. This is a significant increase compared to the worst performer, Patriot Battery Metals, Inc., which saw a return of -5.10%.

The advance decline ratio for the stocks in this smallcap segment is also positive, with 94 stocks advancing and only 38 declining. This indicates a strong market sentiment and a 2.47x ratio further supports this.

In terms of technical calls, there have been some recent changes in the smallcap index. NFI Group, Inc. has shifted from a mildly bullish to a bullish outlook, while Slate Grocery REIT has also moved from bullish to mildly bullish. Chemtrade Logistics Income Fund has remained sideways but has a mildly bullish outlook, while Lassonde Industries, Inc. has shifted from bullish to mildly bullish. Nexus Industrial REIT has also remained sideways but has a mildly bullish outlook.

Overall, the smallcap segment is showing positive signs and investors should keep an eye on these stocks for potential growth opportunities. With a strong market sentiment and positive technical calls, it is clear that this segment is driving the market today. Investors should continue to monitor these stocks and make informed decisions based on their individual risk appetite and investment goals.