Sunday, July 31, 2011

Technical Picture - Few Setups as Markets Await Debt Deal

Markets are paused after an extended run from the 2009 lows. We are in a time correction as markets consolidate sideways. If we make higher highs we can adjust the trendline, but for now we wait and see.

CPC approaching top of bearish sentiment zone.

Stocks I'm watching include DML on TSX (symbol DNN in US.) Positive divergence looks promising.
RENN coiling
AMRN looks promising following Friday's hammer reversal stick.

No comments: