Something that I have noticed lately is the trend changes and reversals in some stocks, or at least starting to change, for instance:
Transocean (RIG) - the 20DMA has been flattening out
Ultra Petroleum (UPL) - the same condition as Transocean
Yamana Gold (AUY) - trend reversal. It appears to have broken resistance through the 20DMA and has now found support on it as it begins to move higher.
Pan American Silver (PAAS) - the same as Yamana, and quite possibly for NovaGold (NG)
On a somewhat twisted note, depending on your perspective, I am looking forward to when inflation sets in, and commodity prices go higher.
I'm thinking that there will be a rally soon enough, but probobly only a bear market rally.
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