It's all good for now, the line of least resistance is still to the upside, but we are at a point for the equity markets where the risk to the downside is greater than the reward to the upside.

BVN

 

CCJ

                                             produces 9% of all uranium in the world

In summary, the line of least resistance is still to the upside, but lately we have had more reversals and breakout failures than I've seen in a long time. Stocks have been breaking out of bases, just no follow-through.

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Math.

 You gain 100% and lose 50% 10 times, you break even. You gain 10% and lose 5% 10 times, you make 71.64%. The key to big returns is optimal math, not the biggest wins.