Copper s often a leading indicator for the market, so I thought the recent momentum intraday in FCX was interesting.
Here's the SPY
Apparently they weren't ready to let the SPY breakout -see the neg. divergence.
However on the second attempt, volume s looking good and you rarely see bullish volume anymore.
The Q's , as I noted, TECH is in rotation, have already broke out of the base, but that probably has a lot to do with AAPL.
Pretty spectacular and if you want to move the market, AAPL is your go to stock.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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