Brian
Yes you're right.The only we can say that the stock based on it's indicators is very oversold and IMO also on the outlook and company performance compared to past years.
it's the instituations who make the swings and we can only watch how they play.The biggest mistake we made past year is the fact we jumped on the train to early at 1.4 after the 1.88 top.The sp dropped much lower and since then it only jumped over that average tartget for a short time and therefor we are trapped to make some gains recent months.
CLL did a good job on production and the outlook seems not so vad compared to past years but there is a lack to lift the stock.Don't know why?And I'm afraid the markets has come to a certain resistance .So I doubt if we will see the seasonable jump on CLL this time.
Big funds are dumping their stakes in silver ,gold ,oil past days .On the other hand if commodities come down a bit specially oil that can be a support for the economy.I have no clue what the stock markets will do for next months.So far the earnings are not bad and on economy news it's also not bad.So the fear factor is maybe coming to a lower standard if commodities come down like gold .So that could indicate markets could go up more.We have to wait about the outcome.