All Is Ugly

x/ bonds and the U.S. dollar.

Tough to find a chart with an uptrend.  The Brazilian BOVESPA and Hang Seng broke their 200-day moving averages today.

Commodities are very ugly especially given China’s monetary moves over the weekend, which, generally, would  send them to the moon.

We’re also a bit surprised by the complacency given the fugly charts and waiting for a big flush out before even thinking about getting off the sidelines.   In the interim we’ll scalp to make a few bucks (or lose a lot).

(click here if charts are not observable)

This entry was posted in Chart of the Day, Charts, Commodities, Equities and tagged , , , , , , . Bookmark the permalink.

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