Aug 17, 2010

Again light volume on a post-QE Fed day up. Merger news – BHP and POT – could become bigger going forward — and the ag sector really looks good too.

Short-term: 4 yellow – tending yellow
Intermediate-term: 3 yellow, 1 red – tending yellow
Stock targets: 61% swimming, 24% neutral, 15% sinking

Even on good bounce days, the breadth is now getting narrower. Signs of a slow topping here.

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