BNN Morning NewsletterExtract from this morning's edition. GLTA
RBC’s Canadian technical team notes five reasons why equity markets are poised for an intermediate term rally (equities are oversold, bond sentiment overbought, Dow Jones transports turning up vs industrials, commercial hedgers bearish on gold and commercial hedgers bullish on oil). Stocks that are “working” include, GWO, SLF, GAM.Z, CTC.A, DH, GIB.A, MDA, OSB, KEY, SU. Deteriorating patterns include Saputo, Concordia, Agnico Eagle (among others).