The trading environment continues to be challenging with many stocks looking like they are ready to break out only to stall before we see any real follow through. The commodity space in general is in correction mode except forestry, which continues to be in a strong uptrend. This week I have labelled eleven stocks as "buys" including the oil charts that I sent out last Wednesday. Most of those pulled back a little to end the week but if we see some follow early this week the trades could still work out nicely. The two base metals charts (LUN and TECK.B) moved up nicely and are now labeled as "holds".
"Buy" charts and suggested stop losses: