Vulnerable companies in the utility sector are certainly showing shorting opportunities. Andrew Gordon of Investor’s Daily Edge suggests that although the “recession has finally caught up to the utilities,” there is opportunity for triple digits gains.

The base metals were mixed on Tuesday. Copper fell from the pre-dawn hours through to the New York open, and the modest rally back from there wasn’t enough to return it to positive territory as it finished at $1.4485/lb., down 4½ cents.