GREY:SXRZF - Post by User
Post by
PUNJABIon Jun 04, 2012 12:15pm
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Post# 19977704
CCO Death Cross
CCO Death Cross 50 ma has crossed 200 ma on CCO & PDN. More downside expected. All indices. Dow, S&P & Nasdaq now trading under 200 ma. It has a short time to off from hear or will find resistance at 200 ma. Our TMX created a death cross. Has been trading below 200 ma for a while.
Every sector at very high risk with the exception of GOLD.
UUU outperforming the sector & the index. Trying to Trading at the next lower range of $2.07 to $2.54 with low volume & huge short position of 18 million shares. UUU getting very illiquid for the traders.
Any pressure on UUU will come from index selling. URA created a fresh 52 week low today. It may trigger index selling at some point. Some short covering will provide some support to the stock.