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.
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.