In a very cyclical area and is leveraged to the strength and weakness in the economy. In its most recent rally the stock has failed to make a new high. Now making lower highs and recently made a lower low. There is some support at $45 and initially will probably hold there.

Loves gold. There is another leg higher coming. Next one necessitates US$ weakness and once its clear the Fed is out of the way, European central banks are going to continue raising interest rates bringing the US$ lower and gold should shoot up to $732 and will eventually test $850.

Advanced Micro Devices (AMD-N) has made a bid to buy this company. $25 has been the top end of their range for the last 4/5 years, a major technical resistant level. If it got up through that, it would be a technical breakout situation. Doesn't know what the deal would mean for this company.

Thinks the environment for stocks is turning down, and typically, this would not be a good thing to invest in.

In a trading range defined by $60 on the upside with $50 on the downside. Lots of leverage in this stock if there is hurricane activity in the Gulf. Would look to buy at the lower end of the range.

More of a defensive stock. Has done well in down markets. Technical structure is really strong. Suspects when the overall market makes a bit of a bottom, investors could be taking profits.

In the longer term, you want exposure in pipelines. Pretty much defining a trading range between $33 and $36. Not an ideal time to buy.