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Issue #720 
May 30, 2021 | Newsletter
The newsletter with chart analysis for stocks and stock indexes |
Stock Indexes Analysis/Evaluation
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| Correction Over? Further Corretion to Ensue? Economic Reports This Week to Deliver Decision!
DOW Friday closing price - 34529
All the indexes generated a green weekly close this past and above the previous week's intraweek highs, meaning that either the correction is over and the uptrend is resuming or this rally will be a retest of the previous highs before a stronger correction occurs. The latter is the most likely scenario. This coming week is fundamentally important given that the 2 most important economic reports for the month (ISM Index and Jobs) are scheduled (ISM on Tuesday and Jobs on Friday) and off of those reports the traders will likely make decisions on what to do until the next quarter earnings reports start coming out the 2nd week of July. All indexes closed near the highs of the week and further upside above last week's highs are expected to be seen this week (DOW above 34631, SPX above 4218, and the NASDAQ above 13765). Nonetheless and with the possible exception of the SPX, which closed on Friday only 34 points below the all-time intraweek high (.8% below), the indexes would literally need the reports to come out substantially better than expected to make new all-time highs, and that is a low probability.
The recent economic reports that have come out over the past few weeks have generally been lower-than-expected (or as expected) and therefore the probabilities do not favor the bulls resuming the uptrend. As such, the rally being seen this past week (and likely this coming week) is probably going to end up being the necessary/required retest of the highs. If that is the case, it not only opens up the probability of a stronger correction occurring but also opens up the possibility of a major top to the uptrend having occurred. It bears mentioning that AAPL, which has been certainly one of the clear indicative-of-the-bull-trend banners for many years is on the verge of giving a sell signal for the first time in 3 months and was downgraded to a "sell" this past week by "New Street" rating agency, and that is the first downgrade of the stock that I can remember in a long, long time. In addition, the stock has not broken the 200-day MA in 12 months and yet it is sitting on the line right now and if further downside is seen this coming week and the line is broken, a clear signal will be given that the Tech stocks that have led the rally are beginning to falter.
The DOW is likely to be the index most watched this week, given its flip-flopping in its dichotomy with the NASDAQ during the past two months. It has not yet clearly given up the leadership but it is the only index that has not yet closed the gap down that occurred on May 11th and that was the main signal for the correction that was seen thereafter. What the traders will be closely watching is whether the gap up at 34741 is closed or not. Closure of the gap is not necessarily a positive sign but failure to close the gap this week will be a strongly negative sign. Having closed at 34529 on Friday, it does mean the bulls need to rally the index up to at least 212 points from Friday's close on Monday. The all-time high daily close is at 34777, and if the bulls can close above that level, they will get an edge, as far as resumption of the uptrend. Any daily close in the DOW below 34312 will start weakening the chart.
The charts will not be playing a big role in the index market this week, other than to signal whether the uptrend is resuming or a bigger correction has started. In the DOW and on a daily closing basis, the 34777 level to the upside and the 33587 level to the downside seem to be pivotal. In the SPX, it is 4232 and 4063 that are pivotal and in the NASDAQ it is 14041 and 13001 that are pivotal.
It has become clear that the NASDAQ and the Tech industry are no longer leading the rally and this means that fundamental news is more important than at any other time. The "runaway freight train" momentum has been stopped and now the indexes require fundamental fuel for movement in any direction. That fuel will be available this week if the economic reports are positive and missing if they are not.
The probabilities do favor the bears simply because inflation is heading higher, the Fed cannot lower interest rates any further and there is no talk at this time about further stimulus. In addition, the indexes have now stalled out the past 6 weeks and the risk/reward ratio favors the bears, given that the indexes have almost doubled in price over the past 14 months (SPX has gone up 89%) and yet the biggest correction seen has been 8.3%. It must be mentioned that during this entire rally, not even once has a previous "pivotal" low daily close been broken and using the SPX chart, the low daily close made on May 13th at 4063 is exactly that kind of pivotal support. If that level is broken, a big correction is likely to occur, if not the end of the uptrend.
Probabilities slightly favor the bears this week.
SILVER bulls were successful this past week in confirming that they have the edge right now and that they are not likely to lose it without some negative fundamentals coming out. Silver had been the leader between it and Gold prior to the correction seen the past few months and that could once again be seen from here on in given the chart parameters presently in place. Silver closed on Friday at 28.01 and that is a new 9-month weekly closing high and only .01% from its 9-year high weekly close at 28.23, meaning that any further upside this week is likely to generate a breakout. Gold made a new all-time high a few months ago and finds itself just 9% away from making a new one. In the case of Silver, it is still 56% away from its all-time high, meaning that if the uptrend in the metals continues, Silver is likely to be the leader. On a weekly closing basis, resistance is found at 28.23 but on an intraweek basis, there is minor resistance at 29.31, minor to perhaps decent at 30.04 and decent as well as pivotal at 30.595. The probabilities do favor the bulls continuing higher this week with 29.31 as its objective. Nonetheless, the probabilities do favor Silver making a statement next Friday with a weekly close above 28.23. On an intraweek basis, support is now found at 27.26. On a weekly closing basis, a close below 27.36 would now be seen as a negative sign. Probabilities favor the bulls.
OIL made a new 32-month weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 67.52 will be seen this week. The new multi-month weekly close, which was only by $.60 cents does need to be confirmed next Friday with another close above 66.06 in order for this breakout to be believed. This is especially true given that the recent intraweek high is 67.98 and that was not broken this week. Nonetheless, with inflation heading higher and the supply and demand scenario presently favoring the bulls, the probabilities favor Oil continuing higher and if that is proven to be the case, the next objective on an intraweek basis is 72.83 (71.28 on a weekly closing basis), which by the way is the level the current fundamental analysts have been given as the upside objective. Based on this breakout, the 65.25 level has now become short-term pivotal support, which if broken, would negate the breakout. Probabilities favor the bulls but not yet in a strong way.
DOLLAR generated a positive reversal week, having made a new 20-week low and then going above the previous week's high and closing green and slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 90.44 than below the previous week's low as 89.54. Nonetheless, all of the positives mentioned above could have easily been negatives as the rally above the previous week's high was only by $.01 cent, the close was only green by $.04 cents and the close in the upper half of the week's trading range was only by $.06 cents, meaning that none of it was truly indicative of what is to happen. Evidently, the scheduled economic news for this week will be the deciding factor and not the chart. To the downside, a drop back down to 89.65 is expected to happen and to the upside, a rally back up to 90.29 is also expected to happen. Anything above or below those levels will be indicative. Overall though, the chart is still favoring the bears.
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Stock Analysis/Evaluation
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CHART Outlooks
This coming week looks to be short-term pivotal as the two most important economic reports of the month come out. The indexes have given several indications over the past few weeks that some type of correction, if not a top, is being built. If that is the case, short positions is what is "the way to go". One of the top stocks in the tech industry, as well as one of the most influential, was given a "sell" rating this past week and the chart formation supports that sell rating, meaning it will be the stock that I mention this week.
I do want to mention as well, that I am presently short two other stocks and I will give them the "benefit of the doubt" this week if they go higher at the beginning of the week.
AAPL Friday Closing Price - 124.61
AAPL was given a "sell" rating by "New Street" this past week with a $90 objective. In reviewing the chart, I do see a lot of signs that a correction of some consequence is likely to happen. To begin with, the stock has built a "Head and Shoulders" formation with the left shoulder being at 137.98, the head being at 145.09 and the right shoulder at 137.07. The neckline lows are at 103.10 and at 116.36, meaning that the neckline is presently at 122.10. This is not a potential formation, it is an already built formation that has not yet been triggered but has a high probability of occurring, especially because of what is occurring on the index front.
In addition, there are other factors that are also potential triggers for a correction of consequence, with the first one being the 200-day MA, currently at 124.12, which has not been broken for the past 15 months but having closed on Friday at 124.61, now has a strong possibility of being broken. In addition and using the weeky chart, there is a 3-point trendline using 3 lows seen in the past 9 months at 103.10, a 107.32, and at 116.36 (in other words, the neckline of the H&S) that if broken would signal an end to the uptrend. Last but not least, a few weeks ago, the bulls were able to negate the break of support that brought above the drop down to 116.36, when they closed above that level at 127.14. Nonetheless, that negation of the break has now been negated on the opposite side, meaning the bulls failed to follow through. With all of this chart negatives are put together with the sell rating given, as well as with the fundamental fact that the company has lost a lawsuit that is likely to be expensive to them, there are plenty of reasons for a short sale to occur.
The question then is whether to short AAPL at these levels where the risk is less, or wait until a break occurs and then shorting the stock with a slightly higher risk but a higher probability rating.
A confirmed close below the 200-day MA at 124.12 would be the first tangible sign to sell. The second sign would be a confirmed daily close below 122.77 that would generate an actual sell signal (which has not occurred yet). Such a sale would increase the probability of the short being profitable. Decision on where to sell is going to be on an individual basis but in all cases, the stop low should be at 128.42, given that the 15-day intraweek high is 128.32 and a break of that high would take a lot of ammunition away from the bears.
The downside objective of the Head & Shoulders formation (if broken) would be 99.41. Nonetheless, there is an open gap between 96.30 and 100.83 that would become a magnet-for-closure if the objective of the flag is reached. Such a gap would have a high probability of being closed, simply because the uptrend has ended and there would be no reason for the gap to stay unclosed.
Either way you chose as to where to short the stock, the risk/reward ratio is a good one. If you decide to wait for the sell signal to be given and sell the stock around 122.00, using a 128.42 stop loss and a 96.30 objective, will offer a risk of about $642 and a profit potential around $$2580, meaning a 4-1 risk/reward ratio. If you choose to short the stock at Friday's closing price (or higher), the risk/reward ratio jumps up to over 7.1. The difference is in the probability rating with the first scenario offering a probability rating of over 4 (on a scale of 1-5) and the latter lowering the probability rating to a 3 or 3.25. Your choice.
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Updates
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| Monthly & Yearly Portfolio Results
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Closed Trades, Open Positions and Stop Loss Changes
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Status of account for 2007: Profit of $9,758 per 100 shares after losses and commissions were subtracted.
Status of account for 2020: Loss of $16,684 per 100 shares after losses and commissions were subtracted. Status of account for 2020, as of 4/1 Profit of $26,085 using 100 shares per mention (after commissions & losses) Closed out profitable trades for May per 100 shares per mention (after commission)
NONE
Closed positions with increase in equity above last months close minus commissions. NONE Total Profit for May, per 100 shares and after commissions $0 Closed out losing trades for May per 100 shares of each mention (including commission)
GPS (short) $95
CAT (short) $675 AXP (short) $72 AMC (short) $57 Closed positions with decrease in equity below last months close plus commissions. SCU (short) $49 Total Loss for March, per 100 shares, including commissions $948 Open positions in profit per 100 shares per mention as of 5/31
CAT (short) $18
Open positions with increase in equity above last months close.
SNDL (long) $10
NEM (long) $3321 AU (long) $1884 CNX (long) $60 SRUTF (long) $96 CRON (long) $261 ZLAB (long) $3441 Total $9091 Open positions in loss per 100 shares per mention as of 5/31
PEP (long) $332
Open positions with decrease in equity below last months close.
PGEN (long) $342 Total $965 Status of trades for month of May per 100 shares on each mention after losses and commission subtracted.
Profit of $8,143
Status of account/portfolio for 2021, as of 5/31
Profit of $34,228 per 100 shares.
AU generated a red weekly close after the breakout week before. The stock did not move higher as Gold did, which is a potential worry but then again, the stock did have a chart magnet to the downside in the form of an open gap between 23.81 and 24.18 and with no new news and being a stock with a reputation for not leaving gaps open, especially on the weekly chart, it was not all surprising that the stock fell and that the gap was closed on Friday. By the same token, this stock had been under sell pressure since November (6 months) and with the breakout from that sell pressure occurring the previous week, it is not at all surprising that the traders would want to test the breakout/support level before committing themselves to further purchases. The weekly close resistance level and from which the breakout occurred is 23.99 and a previously important weekly close support level that when broken generated the rally up to the $38 is 23.82. With the stock closing on Friday at 23.77, it closed exactly in that area, meaning that if a green close occurs next Friday (probably), the breakout and support level will have been tested successfully and from which the traders can then go and purchase with confidence of support. The stock did close near the low of the week, meaning that on an intraweek basis, further downside below last week's low at 23.43 is expected to be seen this week. Minor to decent intraweek support is found between 22.50 and 22.82 that should not get broken, though likely to be seen. Very minor intraweek resistance is found at 24.67, a bit stronger at 25.75 and pivotal at 26.77 that if broken, would leave open air above until 27.67-28.00 is reached. Probabilities favor the bulls given that Gold has broken out. Nonetheless, some early week weakness is likely to be seen. The bulls do need a green weekly close next Friday.
BTZI generated an inside week and a green weekly close. The green weekly close was by less than $.002 cents and the fact it was an "inside" week means that it was not any kind of a statement. Nonetheless, the stock now has 2 successful retests of the 200-day MA, currently at .0712 and that does give the bulls an edge for this week. The stock did close exactly in the middle of the week's trading range, meaning equal chances of going below last week's low at .071 or above last week's high at .085. If the latter happens, it will give the bulls some new ammunition that could open the door for a rally up to the 100-day MA, currently at .1043. Evidently, if last week's low is broken, it will do exactly the opposite in favor of the bears. There really is no fundamental reason for this stock to be at this low price other than perhaps the fall in price of Bitcoin. Nonetheless, with Cannabis stocks starting to move up and Bitcoin not too far from a support level from which a rally can occur, the bulls should get some positive action to the upside this week. CAT generated an uneventful inside week but did close in the upper half of the week's trading range, suggesting further upside above last week's high at 243.37 will be seen. The stock did generate a negative close the previous week, that suggested there would be further downside occurring, but the bulls were able to ignore the chart signal and did attempt to negate it. They were not successful but did open the door for the reports this week to help the bulls continue to rally the stock if better than expected. By the same token, if the bulls fail to rally, a top formation will have been built and confirmed, which would then give new ammunition to the bears. Using the daily chart, there is intraweek resistance at last week's high at 243.37 and then again at the first successful-retest-of-the-all-time high at 245.45. The all-time high is at 245.78. If the bulls are unable to get above 243.37 and get below 236.62 first, that high will become the confirmed 2nd successful retest. Evidently, a new all-time high will take all the ammunition away from the bears. A break below the recent low at 231.94 will confirm that a correction is under way. Probabilities slightly favor the bears. CNX has been trading totally sideways for the past 9 weeks, ever since the downgrade in price (down $16 occurred). Both the bears and the bulls have been unable to generate any direction from the $13 to the $14.70 level where the stock has traded for this period of time. It did seem that the bulls had gotten a slight edge last week, having close above the 13.83 weekly close level that has been somewhat pivotal for the past 5 months but the close on Friday at 13.62 has put things back to where they have been during this period of time. On a possible positive note though, the week prior to the previous week, the stock did make a new 11-week low at 12.80 and given that there hasn't been any news, chart-wise it was highly likely that low needed to be tested successfully before the bulls climbed aboard in a stronger way. The stock did close slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 13.22 than above last week's high at 14.19. Nonetheless, if that does happen but the 12.80 level is not broken and next week it goes above this coming week's high, the chart will be fulfilled to the downside and the bulls will gain new ammunition. The same is true if the stock goes above last week' high this week. It is evident though, that the bears have not been successful in generating any downside of consequence, suggesting that the bulls will ultimately win, with the only question being "when". The rating price remains at $16 so there is quite a bit of room to the upside (15% to be exact) for further appreciation up to the rating price. Probabilities favor the bulls this week. CRON generated a spike up week in which a new 7-week intraweek and weekly closing highs were made. The reason for the spike up was not chart oriented but news, given that on Friday it was announced that the bill to legalize Marijuana was being reintroduced to the Senate. That news caused a spike up in all Cannabis stocks. As such, the action last week is not dependable unless it continues to move forward. The last time this bill was introduced to the Senate (some 2 months ago, nothing happened and because of it, stocks fell in price. The same could happen now. By the same token and looking at the chart and what did happen, the stock closed above both the 200-day (at 7.99) and 200 week MA (at 8.68), which is certainly a positive, especially if confirmed next week with another close above the weekly chart MA. The stock did close on the high of the week and further upside above last week's high at 9.01 is expected to be seen this week. There is a minor to perhaps decent intraweek resistance at 9.15 that if broken, would suggest a rally up to 10.56 would occur. Pivotal support is now found at 7.57, which if broken, would negate this entire breakout. Probabilities do not favor that happening at this time. For the time being and until more tangible information comes out about the bill re-introduced, the stock should trade between 8.66 and 10.56. Probabilities favor the bulls. ENG generated a 2nd green weekly close and once again closed slightly in the upper half of the week's trading range, suggesting further upside above last week's high at 2.83 will be seen this week. I did state a few weeks ago that it was probable that for the time being, the stock would trade between 2.10 and 3.10 and that outlook has not changed, meaning that it is likely the stock will get up to the 3.10 level this week. What happens there, will determine whether it continues higher or goes back down to retest the recent 2.03 low. Probabilities do favor the latter outlook. For now, it is likely that nothing of any consequence will occur to the stock. MRGE generated an inside week and a red close in the middle of the week's trading range, meaning that the positive reversal seen the week before was not yet indicative of any fundamental changes occurring, which is what this trade is all about. By the same token, the stock has now shown 7 weeks in a row of lower highs than the previous week and given that there have not been any change in the fundamentals/news, the probabilities do favor the bulls this week. The level to watch on the chart that would be significant is the .325 level, which is where the 200-day MA is currently at. If the bulls can accomplish a close above that level, it would likely mean the fundamental positive that is expected to happen sometime in the future, would likely be "around the corner". That line will continue to be the level to watch in this stock. Probabilities do favor the bulls this week for some further recovery. NEM generated an uneventful inside week with a red close. Nonetheless, the red close was only by $.05 cents and therefore not indicative of anything. The stock did close slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 72.75 than above last week's high at 74.51 will be seen this week. Nonetheless, Gold is looking to go higher and this stock is into a new all-time high and not showing any indicative signs of any time of a correction occurring, suggesting further appreciation is likely to occur. The previous all-time high daily close is at 70.37 and as long as the stock stays above that level on a daily closing basis, further upside will be seen. In fact, at present, the stock is showing a bullish flag formation on the daily chart and if broken to the upside (a rally above 75.31), the upside objective of the flag is presently at 79.97. Probabilities favor the bulls. PEP generated yet another green weekly close (the 4th in a row, the 7th in the last 8 weeks and the 12th in the last 15 weeks). Nonetheless and in spite of the fact that for the past 3 weeks the stock has traded above 148.00, the all-time high at 148.77 has not been broken. This past week, the stock got up to the previous all-time high at 148.77 but did not break it. In fact, the stock did fall back to 146.44 after reaching that high, meaning there is now a double top built on the intraweek chart. There is also now a double top on the daily closing chart at 148.30, which does strengthen the resistance level. The stock did close in the upper half of the week's trading range, suggesting that further upside above 148.77 will be seen this week and if that does occur, the bulls will begin to get an additional edge. By the same token, if the bulls are unable to do that this week, the probabilities will strongly shift to the bear side. This is evidently a very pivotal week for the stock with 148.30 being pivotal on a daily closing basis and a red or a green close next Friday being even more so. Probabilities slightly favor the bears given that this area has now been resistance for 15 months without being broken, in spite of the index market having moved up 24% up during this time. PGEN generated another strongly uneventful week, having traded in a small trading range, much like was seen the previous week. The stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 6.39 is likely to be seen this week. A break below 5.80 would be a negative while a break above last week's high at 7.01 would be a positive. On a negative note, the stock has now traded below the 200-day MA, currently at 6.95, for the past 19 trading days and that keeps the stock with a bear bias. By the same token, the initial low of the break of the MA line was 15 trading days ago and the bears have been unable to generate any further downside. In fact, all lows made since that low was made have been higher than the previous low, also suggesting that there is no real consensus at this time as to what is to happen. Evidently, a confirmed close above the line will shift the probabilities from bear to bull. By the same token, a new low below 5.80 will do the opposite. Probabilities very slightly favor the bulls this week. SNDL generated a new 7 week intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 1.04 will be seen this week. The stock did give a buy signal on both daily and weekly charts, having closed above resistance on the weekly chart at .865 and above .94 on the daily chart. Nonetheless, the bulls were unable to close above an important and pivotal resistance on the weekly chart at .97, having closed there on Friday. The reason for the rally was the news about the reintroduction of the bill in the Senate to legalize Marijuana. Given that this is not a "done deal", the rally is suspect and not dependable, at least not yet. Evidently, a green weekly close next Friday would be a small "statement" of short-term bullish behavior, while a red close next Friday would tend to "throw cold water on the rally". Either way though, the stock has fulfilled the downside objectives and now it is likely to be more about a time frame for a rally that "if" it is to happen. For the time being, the 1.10 level on the daily closing chart is short-term pivotal resistance and likely to be seen this week. Daily close support is now found at the .80, which should no longer be broken if in fact, a bottom has been built (likely). SRUTF confirmed the previous week's breakout, having generated a 2nd green close above the pivotal resistance at .0585. The stock closed slightly in the upper half of the week's trading range, suggesting further upside above last week's high at .091 will be seen this week. On a weekly closing basis, there is no resistance above until .14 is reached. The bulls and on the daily closing chart, did accomplish a secondary breakout, having closed 3 days in a row above the 13-month high daily close at .077, suggesting the stock is likely to continue higher this week, without any weakness being seen. On this chart, the same is seen as on the weekly chart, with no resistance above until the .14 level is reached. Intraweek support is found at .069 but on a daily closing basis, no close below .077 should occur. Probabilities favor the bulls. ZLAB generated a new 17-week intraweek and weekly closing high on Friday and closed on the high of the week, suggesting further upside above last week's high at 178.31 will be seen this week. Having done this, and especially after having successfully tested the correction low at 122.65 and then turned around and broken the bounce-from-that-correction-low high, suggests that the uptrend is resuming. The all-time intraweek high is at 193.54 and that high is now a target and likely to be broken. In fact, it could all happen this week. The previous daily closing high is at 177.19 and having closed at 177.66 on Friday, it is important that further upside "and" another green close occur on Monday (at least above 177.19). There is no intraweek support nearby and if the bulls want to make a new all-time high to occur, the 177.19 level has to become support (at least on a daily closing basis). The stock does have plenty of bullish fundamentals and as such, this rally should continue and should be dependable. Probabilities favor the bulls.
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1) SNDL - Purchased at .94. No stop loss at present. Stock closed on Friday at .97. 2) PGEN - Averaged long at 7.506 (3 mentions). Stop close only at 6.45. Stock closed on Friday at 6.60. 3) SRUTF - Averaged long at .0738 (3 mentions). No stop loss at moment. Stock closed on Friday at .0787. 4) BTZI - Averaged long at .1054 (3 mentions). No stop loss at present. Stock closed on Friday at .078. 5) PEP - Shorted at 147.46. Averaged short at 146.78. Stop loss at 147.90. Stock closed on Friday at 147.94. 6) ZLAB - Averaged long at 134.64 (3 mentions). No stop loss at present. Stock closed on Friday at 177.66. 7) AU - Averaged long at 26.106 (6 mentions). No stop loss at present. Stock closed on Friday at 23.77. 8) NEM - Averaged long at 61.31 (3 mentions). No stop loss at present. Stock closed on Friday at 73.48. 9) CNX - Averaged long at 10.876 (3 mentions). Stop loss now at 12.69 (weekly. Stock closed on Friday at 13.62. 10) CAT - Shorted at 142.94. Averaged short at 141.75 (2 mentions). Stop loss at 245.58. Stock closed on Friday at 241.08. 11 ENG - Averaged long at 4.92 (2 mentions). No stop loss at present. Stock closed on Friday at 2.56. 12) AMC - Shorted at 19.89. Covered short at 20.48. Loss on the trade of $59 per 100 shares.
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The opinions and commentaries by Mr. De Vito are not a recommendation to buy or sell, but rather
a charting guideline, based on his own knowledge and experience, regarding the stocks he is following or
that are brought to him by others. Mr. De Vito does not presently offer a track record of his trading experiences.
No inference of success and/or failure should be assumed. The
information enclosed above, regarding his background, length of trading, and experience, is correct
but is not meant to suggest, state, or infer any future success in trading, based on his opinions. The information herewith included should only be used by investors who are aware of the risk inherent in securities trading. Mr. De Vito accepts no liability whatsoever for any loss arising from any use of the information and/or comments he supplies. |
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