| Weekly Trend: | Neutral |
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| Daily Trend: | Up |
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| Daily Momentum: | ___ | Down |
A mixed for sure at present. The market made a very convincing recovery today – basically a strong trend day where is opens on its lows then rallies all day. It rallied hard enough to reverse much of yesterdays damage. Indeed many of the small cap. resource stocks remain very strong with some even threatening to breakout through recent highs. That said, the market was at an oversold position and there were a few gaps that needed to be filled. Our risk here is a low volume bounce last 2 – 3 days followed by another leg lower. A break up and through last weeks highs would be a very bullish signal and invalid our expected decline.
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