A lot of guys are reluctant to take positions at this point in time, but you get some people squaring some positions for the month end, |
As commodities fluctuate, underlying securities will follow... That's where they are going to trade for the next little while, as we're going to see volatile swings of this nature. |
If we could string a couple of winning days together it would certainly give people a little more confidence out here and a little more conviction to buy these things. |
It is a holiday on Monday (in the United States), so I'm sure some guys are squaring their positions for the weekend. |
It looks like the market wants to test some of the old lows here. |
It's definitely a positive. We've got a long way to go to get out of the woods, but it's better than being down four days in a row. |
New York markets have been up for the last four or five days so you have a little bit of profit-taking that spread over into Canada. |
Oil is down, silver is down, so we have to assume those stocks will be down. I think we'll be a little weaker out of the gate. |
The market's getting very close to being oversold, so I would expect to see some sort of reversal in the next few days. |