While everything feels fragile at the moment, we need to be building our shopping list.
Today lets talk about Teck.
I keep looking at the $SSEC and it is holding in there for now. How $SSEC behaves at it approaches 2440-2480 will give us clues on the miners I would think.
Anyway, Teck looks like a watch list item. The real question is can the $TSX just bounce back up to the top of the down trend line, or can it break the shackles and breakout on this bounce. Oil has let go, Gold has let go, but copper is still in its range...very interesting.
Greg Schnell, CMT