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.
No comments:
Post a Comment