Oil was up this morning, market was down...
Copper was down, producers were up.
Dollar was weak, oil and copper were weak...
Sorry... I don't know what any of that means... but something is wrong. Oil did moderate with the market...
but as I look at prices on commodity stocks... this starts feeling more like a top than a bottom.
And yet, the dow is at 8270, Now the SPX is at 870... That feels like a top, as does the naz at 16000, yet another interesting divergence.
Monday, February 9, 2009
divergences
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