The New CS Board

[dww10063]

Indicator buy signal. Charts show an indicator buy signal on daily price charts and %stocks above 50dMA, and I really like to see a positively divergent double bottom on CCI34. Breadth/sentiment/volatility are not at important intermediate term bottom levels. Usual course is a quick summer rally, then a dip to a fall low with better overall technicals, no prediction on whether a price low would be lower or higher. On the intermarket page goldstocks are leading the way, energystocks had a big day today, commodities are bouncing and bonds TLT took a big hit, glad I got out yesterday. SPDRs showed defensive sectors XLV, XLP and XLU underperforming today, another potential positive for a market rally. Good luck trading, Don