Globe editors have posted this research report with permission of Phases & Cycles Inc. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
The corrective process continues with the bulls claiming the latest small victory. The 1,800 – 1,850 area remains the key support. More trading range action is likely. The correction has already seen some sector rotation and the emergence of buying opportunities in some previously out-of-favour sectors such as golds. New leaders are emerging in other sectors as well.
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