Dare I say we may finally be seeing some cracks in the facade of the teflon market? Perhaps another head fake but some signs are appearing that a trend change is underway. Small caps look the weakest among the indices.
I’m going to out on a limb here and say a number of asset classes, primarily treasury and currency have a similar look and feel to that of late July 2011. A number of charts today with commentary on each so I’ll step off my soap box here.
The Russell (RUT)
Small caps of all the indices looks closest to
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Just sent you an email Joe – yes you can either I can invoice or use my email I sent to you to send payment. Thank You!
There are large stops reported below 1.0600 in AUD/USD. If these get triggered watch out on the downside.
Was just skyping a friend about that. That first crack saw a nasty bounce up in the AUD. Thanks for sharing Caleb.
Yeah, wires reported good buyers emerged under that area. The stops were calls, meaning if it gets significantly under 1.0600 call them. Stops are easily picked off during early Asia due to lack of liquidity.
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