The PPS was down slightly, but given the incredibly light volume of just 17,744 on the TSX and another 2,900 on the secondary exchanges its no big deal in my opinion.

Stochastics, both fast and slow have now crossed above 20 for a nice bullish indication, and MACD is starting to trend higher.

We'll be getting the latest short interest update either Wednesday or Thursday after the close and I'm betting we're going to see another healthy drop. As of July 31st the number had dropped to 96,400 from 162,200 for the prior period. When the update comes I'd wager proverbial dollars to donuts that we're going to see another good chunk has been covered off up to Aug. 15th.