Welcome to Karpel’s Corner. This is where I throw out my thoughts on the markets and share some of my favorite strategies. I keep it market-focused, and never miss an opportunity to teach trading strategies and commentate on the latest trends affecting the financial markets. Hope you enjoy today’s post!
The S&P traders have got to be a little tired. And, in the short term, they might be susceptible to some bearish pressure. But that pressure needs to happen now!
We’ll be talking about those events that could shake the market today at 11 am on Tradespoon Live TV. Be sure to check it out: http://www.tradespoon.com/video/
One sector that the bears have been winning over the last 3 years is in the Base Metals ($DBB). But the tide could be rising: Both Copper ($JJC), and Aluminum ($JJU) bottomed earlier this year, then bounced, based in the summer, and are now on the move to the upside. Aluminum is already breaking out to new 52-week highs and Copper is about to break a year downtrend line. Momentum in these base metals is a catalyst for the market– one that the Market Bears may not like, but would make the Metal Bulls happy.
See you next time at the Corner!
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