From the desk of Vance Howard:
On a short and intermediate-term basis, the HCM-BuyLine® has turned positive and investors should start to look for opportunities. The longer-term trend is still negative, so caution and prudence are still advised. Biotech, technology, basic materials, and transportation all look to be gaining momentum. (EA) Electronic Arts looks to be on the verge of breaking out of a triangle pattern. (ADM) Archer-Daniels-Midland and (CVX) Chevron are starting to break out of resistance and could have some nice follow through.
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