Sunday, February 3, 2013

Leading indicators say do not trust the hype




Weekly charts of Copper, Oil and the Dow
My leading indicators (copper and crude oil) say "do not trust this recent hype"!
The Dow is facing a key resistance, and needs to "retrace" ...
Current market strategy favors "sideway trading", not "trend trading" !

1 comment:

Anonymous said...

agree with all except shanghai index keeps rising. that suggest we may still see more highs in sp500. my tgt is 1560-1600, before major correction. still playin safe though and buyin vxx, faz, etc on major pullbacks.