Tuesday, June 12, 2012

I see a massive air pocket..

I'm back on the sidelines regarding gold/silver/copper and tempted to trade the neckline break lower in gold down to the 1300ish area. I'm short equities once again expecting moves lower.
In the mean time it seems while everyone was trying to front run fed money printing stocks have build themselves up a nice little air pocket.  CRBQ is pointing the way lower as it contemplates breaking it's neckline and once the fed induced 1:1 correlation reasserts itself we may find ourselves sub 100 on the SPY.

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