Dr. Copper....

    Posted by kalinm on 15th of Feb 2011 at 12:40 pm

    Finally diverging.  Maybe this will set up a top (of some sort).  As copper hit a new high yesterday, it would be nice to see the $spx take out some stops above while copper builds a multi-day divergence (not making a new high).  Small caps were also strong this morning which tells me that there is some unfinished business at higher price levels before a correction.

    I shorted JJC yesterday at

    Posted by frtaylor on 15th of Feb 2011 at 12:48 pm

    I shorted JJC yesterday at 61.52. Tight stop over the highs.

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