RE: BECAREFULLI think it is all the nervous traders selling because the market has shown a bit of a breakdown. The tsx had a very clean bearish pattern yesterday and the zillion or so computers on auto pilot sent a sell signal to the broker.
Very tough market. Does it have legs?...50/50 IMHO. I am trading wpx on the weekly chart and there is a lovely ascending triangle ready to pop over 44 cents. A buy stop at 46 cents would be a safe bet. I will add to my holdings if there is volume.