as we mentioned yesterday, the spec market wants to rally and most factors are pointing to some renewal in this once glamorous end. . Traditionally, December to April is seen as a strong spec period and as PB mentions below, all we need is the mining sector to join the party from its lows and we could move out of this pip trading environment and into some more sustained reratings.
" I am still particularly interested in whether we are seeing a low in the mining area and as I keep saying, I see lots of patterns in stocks at the bottom end of the market that do support this idea. Worth mentioning that the US Lithium ETF LIT, broke a short term downtrend overnight but it also gapped up so might need some more work but I felt that this was a little plus for this down beaten sector in the market."
I also note that energy stocks seem to be moving off the bottom finally.
Been watching SEA being accumulated yest, so looking for a move to 6.2c gap.
. Traditionally, December to April is seen as a strong spec period and as PB mentions below, all we need is the mining sector to join the party from its lows and we could move out of this pip trading environment and into some more sustained reratings.
