Here's a roundup of a few blogs that have interesting items this morning:
Bespoke Investment Group's Think Big blog has a good item showing how overextended oil and natural gas are on a technical basis. "Energy prices have diverged from the rest of the commodity sector," the writers say. "As shown in our trading range charts below, both oil and natural gas are once again trading more than two standard deviations above their 50-day moving averages, which is extreme overbought territory."
Larry MacDonald, a blogger for Canadian Business Magazine, has a funny item about The Globe and Mail's favorite financial blogger contest. The contest voting closes at noon, with The Fly in the lead currently. As MacDonald says, there has been a big difference in the way U.S. bloggers solicit votes, versus polite Canadians. "The Canucks are living up to the polite, Dudley Do-Right stereotype of Canada while the Yanks are true to form as lovable but loud and button-holing Foghorn Leghorns."
Mark McQueen at Wellington Financial also provides a thorough analysis of the new BlackBerry venture capital fund launched by by Research in Motion, Thomson Reuters and Royal Bank. You can read the Globe story here. "This is a great shot in the arm for the Canadian VC industry, even if some claim the BlackBerry Partners Fund is only a response to Kleiner Perkins' iFund, which was launched in March to stimulate applications for Apple's iPhone," Wellington's blog says.
