What a mixed up day yesterday was, the major indices were up sharply on the backs of a bounce in the financial stocks. Meanwhile the resource based indices took a beating, down sharply across the board. A bounce back in commodity prices today may bode well for the Canadian indices as probable profit taking in the financial sector is expected at least for the open. On the economic calendar today we have factory orders at 10 am followed by crude inventories at 10:30. It might be a volatile day for energy stocks if crude inventories are higher than expected.

Back in McFaulds Lake, the stocks had a down day on low volume. So not much to worry about, it was a sell day on weaker commodity prices more than a sell off on the actual plays. In fact the McFaulds Lake stocks held up very well when compared to many other resource stocks.

After watching PRB sell off on its news yesterday it appears the McFaulds Lake plays have entered into a new phase, the result phase. No longer can the individual stocks claim they have something, investors want to see proof of it. It will be interesting to see how the next stock that releases visuals is treated by investors. At some point the market will only react to actual assays, however I don't think we are at this stage yet.

McFaulds Lake needs news from NOT either on the visual front or the actual assays to get itself back on track. Hopefully we see something very shortly or some technical indicators will be breached on the various charts making it harder for a rally down the road.

Best of luck to all McFaulds investors today.

Al