Tuesday, August 25, 2009

A risk metric not confirming




High beta silver is not making new highs with the stock indices. A case can be made that corporate credit is also diverging and having trouble on a long term resistance level. I know this confidence number was much better than expected, but it usually just follows stocks. The TD Sequential signals are really piling up too in here. I think this is the good news to sell. I am sure there will be an end of month ramp job, but, as Art Cashin always writes... "be nimble, be very nimble."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.