XMA-T - iShares S&P/TSX Capped Materials Index ETF

We are looking to make an entry at $18.60- $18.50. We like the breakout of the downward trend. Our sell price targets are $19.90 and $20.20. We expect to see resistance at these prices. We do expect XMA to remain in the upward trading channel for the short term. Volatility is expected in the broader market for the rest of May and into June. We will implement a stop loss at $18.25.

Thank you,
"If I am through learning, I am through" - John Wooden