Shanb
Registered: Jun 2011
Posts: 1107 |
06-16-12 09:48 PM
So we are in the middle of June and so far the price action in equities has been decent. Bonds have been stubborn and continue hold the monthly a down...that is a key level in a very stubborn market.
There's a decent amount of monthly aups in the sectors I watch. Some notable names, DIA, XLF, XLE, SMH, FCX.
I think this market has held in well this past couple weeks and I think the first few days are key next week and my bias is to the upside.
Take a look at FCX people! No monthly aup since january and this thing is on the verge of breaking its strong downtrend! IMO this will be a leader when we rebound!
 6-16-fcx.png
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