Russell 2000 vs SP

This ratio is another one to sell. Also, levels such as this have led to a general downtrend in the market before. Most notably, the ;ast time was in the early summer of 2008.

A trade

Selling stocks has been stupid, stupid, stupid for a while now in this relentless, low volume, crappy stock led rally. (Yes I'm bitter.) But maybe it is a good time to sell stocks vs gold.

China

What will this do to copper which is trading at $2 over cost of production with exchange stocks going up and off exchange stocks massive? Can you spell UGLY?

http://www.youtube.com/watch?v=99HNFCn5RP8&feature=player_embedded#!

Lets play a game...

....which one doesn't fit?

OB?

What a run for the small caps recently!

Longer Term

The charts are all TD Sell Set ups completed on monthly charts. The Sequential countdown is supposed to go on in DeMark analysis, but on the monthly charts sometimes a 9 count is good enough for a major reversal as you can. Its all one trade so this isn't too surprising but it is worth keeping in mind from a big picture perspective: Many markets (SP, R2K, Aussie Dollar, Copper, Soybeans) have completed the 9 count.

Wednesday AM

There is a story out about China pulling away from 'risky' dollar assets and into core US Govt securities only. I will say this, technically, if we don't start heading down again soon there is plenty of evidence to say Friday was a low and we are heading back up. As of right now, I am still playing for another thrust lower but the longer we hang up here the warier I become. I think we go and at least test those Friday lows. We will then see if we can hold them. But we should start doing that pretty soon. (like today!)