{
  "scan_date": "2026-06-01",
  "macro_notes": "TSX Composite at 34,769 (May 29 close), up 32.83% YoY — a very strong year. Canada's economy contracted Q1 2026 for the second consecutive annual decline; BoC widely expected to hold at June 10 meeting (dovish backdrop supports yield-sensitive and financial names). WTI crude ~$87/bbl — US/Iran tentatively extended ceasefire by 60 days with Strait of Hormuz reopening optimism capping oil upside near term, though WTI still shows 'Strong Buy' on the daily timeframe. Gold ~$4,820 USD/oz but gold miners pulling back hard (AEM RSI 33, MACD negative — sector in short-term correction). May 2026 sector leaders on TSX: Communication Services +6.79%, Materials +6.11%, Financials +4.24%, Utilities +2.95%, Tech +2.52%. Most large-cap breakout names (BB +68%, MDA +48%, Celestica +10%) have elevated RSI and are parabolic — not swing trade setups. NOTE: Screener sources (SwingTradeBot, Barchart screener) returned navigation-level search results only; specific real-time RSI/MACD values could not be extracted. Confirmed technical data drawn from secondary sources with specific attributions noted per stock.",
  "signals": {
    "new_buys": [],
    "holds": [],
    "exits": [],
    "watchlist": [
      {
        "ticker": "CNQ.TO",
        "waiting_for": "RSI confirmation in 35-55 range. Sources describe CNQ as 'neutral-bullish, away from overbought/oversold extremes' at C$63.93 (down 1.25% today), but exact RSI value unconfirmed. Stock rose 15.54% in May — needs 1-2 week consolidation before RSI and MACD can be confirmed. P/E 13.52, earnings Aug 6 2026 (safe). Above 200d EMA highly probable given long-term uptrend (52-wk low $40.62, current $63.93). Re-evaluate when RSI and 20d/50d EMA pullback position are confirmed via charting platform. WTI tail risk: Strait of Hormuz deal could weigh on energy names short-term."
      },
      {
        "ticker": "MFC.TO",
        "waiting_for": "RSI to pull into 35-55 range. RSI was 64.59 on May 7 (pre-ATH); stock hit all-time high of C$55.34 on May 13 and has since declined ~5.38% from recent peak. ChartMill technical rating 9/10 with 24 of 26 indicators bullish as of May 21 — setup structure remains intact. Current price estimated C$52-53, analyst target C$57. Above 200d EMA confirmed (ATH recent). Market cap C$89.3B. Earnings Aug 5 2026 (safe). BoC hold scenario is a positive backdrop for Canadian insurers/financials. Re-enter watchlist when RSI dips to 35-55 and MACD histogram position is confirmed."
      }
    ]
  },
  "excluded": [
    {
      "ticker": "WPM.TO",
      "reason": "RSI 69.03 exceeds 65 discard threshold (source: TradingView technicals). Price C$84.01 is well above 200d SMA C$64.00 — extended, not a pullback setup."
    },
    {
      "ticker": "AEM.TO",
      "reason": "RSI 33.1 below 35 minimum threshold; MACD -0.97587 (bearish). Gold miner sector in short-term correction despite elevated gold price."
    },
    {
      "ticker": "BB.TO",
      "reason": "RSI almost certainly >65 after parabolic +68% move in May 2026. Not a swing trade setup — momentum chase only."
    },
    {
      "ticker": "MDA.TO",
      "reason": "RSI almost certainly >65 after parabolic +48% move in May 2026."
    },
    {
      "ticker": "EIF.TO",
      "reason": "Hitting 52-week high at C$113.32 — RSI highly likely >65 at breakout level. Not a pullback setup."
    },
    {
      "ticker": "TRP.TO",
      "reason": "3-month MACD sell signal confirmed. Fails MACD criterion despite short-term MA above long-term MA."
    },
    {
      "ticker": "K.TO",
      "reason": "Closed position (exited C$39.00 on May 22). Kinross in gold sector currently pulling back — AEM data suggests sector-wide RSI deterioration."
    }
  ]
}