War Games

Lost in the shuffle of the strength in software and medical technology is the resurgent uranium miner, Cameco. 

On the updated daily chart, below, it is hard to quarrel with anything from a technical standpoint. CCJ is printing multi-month highs today on surging buy volume (bottom pane of chart).

It is always a knee-jerk reaction to think of geopolitical tensions when we see a uranium miner like this one rallying, but the market will simply do what it does, above all else. Our concern is much more with the nature and quality of the chart and setup. And, here, CCJ is giving us everything we would like to see. 

Elsewhere, despite a fade earlier this afternoon on the BREXIT vote news, small caps are bouncing back again nicely as we speak. I would view a strong close today as more than offsetting yesterday's tech weakness and a decisive victory for bulls.