don't know about the rest of you guys, but it starts to worry me a little when the majority of global markets start going into a complacent mode where they can shrug off any bad news and just continue to head higher, time and time again this is an indication of at least a short term top fast approaching.
must say despite the XJO constant underperformance recently there has been some excellent pickings to be had in the spec end of things over recent weeks, a lot of good multi day trends.
STX is one that I have been watching recently on the back of its ties to SXY/BPT in the Cooper Basin, looks like its on the verge of a significant breakout ahead of the commencement of a significant drilling campaign, just check out SXY's history and how it ran into its drilling campaign last october to see what is possible with STX.
large increase in volume today in STX but it was the 500k buy that went through at 3:59pm that indicates that something positive is on the near term horizon.
