‘Copper’ Archive

Joe Friday…Leading indicators soft, leading sector key test today!

  CLICK ON CHART TO ENLARGE Bio Tech has had its positive influence to the broad markets over the past couple of years. It seemed to have had a negative influence on the markets from Feb 27th to April the 15th, where a bullish wick took place in the sector and a small bounce has [...]

Watching the Whale (Shanghai Index) create a Flag/Pennant pattern…

  CLICK ON CHART TO ENLARGE When it comes to population, China represents one sixth of the worlds population. Does size matter? At this time it appears the Shanghai index is testing the underside of this flag/pennant pattern at (1) above. The Emerging markets ETF (EEM) has lagged the U.S. over the past few years, [...]

Best & Worst over the past 90 days about to reverse trend?

  CLICK ON CHART TO ENLARGE When looking back over the past 90 days, Coffee sticks out as the clear upside winner, gaining 72%. On the flip side, Copper has had a rough 90 days, as its lost 11% of its value. The rally in Coffee has a few investors excited, as 79% are bullish. [...]