Leadership seems to be emerging in the late cyclicals - machinery, industrials, basic materials. like copper, agriculture... & some areas of tech. They snapped them up this morning. Business spending on equipment & software surged in the GDP report. Unfortunately capital expenditures are only 7% of GDP. All of this could meanthat this "soft patch" as they call it, is the usual mid-cycle slowdown & we are heading into the second part of the recovery. Watch the global engines of growth - China, India, Brazil. As the caboose, the U.S. may participate sooner or later in a recovery. The market is looking ahead.

Btw, check out the $CRB & the $CCI. No sign of deflation.

thx

Gap indicator?

Check out WY!!!

The financialsense.com newshour presentation this week is superb especially the 2nd hour Big Picture discussion & the entire 3rd hour - but really it was all informative.

my favorite economic indicator is the weekly leading economic indicators that comes out every Friday at 10:00. A reading of -10% a is recessionary number. The lastest number - for the week ending July 9th - came in at -9.8%

nice chart. thx for posting.

does anyone have a $ chart? would be greatly appreciated. thx

Panic sell off. Maybe the antenna problem is a hardware issue? would require a massive recall.

Check out the charts in the June 29th entry at evilspeculator.com. He compares right here, right now with the days prior to the 1987 crash. Interesting.

Apparently, Sue's new role is to provide comic relief at the end of a dire day. I can't stop laughing. Time to rally.

Matt - does this negate the A-B-C correction where this bounce would be a wave B bounce to possibly the 61.8% fib level at 87.26 with a Wave C down to come?

Very interesting charts. Thx for posting.

Hey! Don't u know that CNBC has dubbed him the "King of Commodities" (even though he is wrong most of the time)

Thx for the post. Yes, the Fed no doubt intervened. I bet they had the bull wedge on their computers & bought at the lower trendline. After all the intervention, they are not going to let the Euro crisis drag markets down.

Bears always forget about government intervention. Yes, Prechter is right we should go to zero, but the gov't will never let the system flush.

Euro/Yen bounced too. What did he say?

FXE just took off

Has anyone noticed that there has been buying in the FXE today as well as yesterday?

Nice charts - thx for posting

I thought naked short selling was illegal anyway - at least in the USA.