27 Dec 2011

 

As you can see we are still pretty low on the McClellan summation index for RSI and TSV.  Whether or not this will provide a tailwind is TBD.

 As we are near overbought levels in the short term, we can expect some weakness.  We will have to see how strong any support is. 

New highs back at new high since we "bottomed."

I looked at a few gold stocks..  They have been persistently weak for some time.  Maybe too long.  See RIC, GDX, EXK and MDW.