True to form, as this rally progresses it becomes more confusing in nature. We have a number of indicators and leaders in the market that are clashing with each other at the moment. Making it difficult to gauge whether we are coming up on a substantial period of trickery and mental mind games imminently or perhaps a little more far off that we suspect?
Odds are tilted towards correction/consolidation/gut checks and mind games. Again, I wouldn’t be loading the boat up here on the long side…better opportunities will present themselves in the months ahead. Here are a few charts of note: (click on charts to enlarge)
AAPL
SOX - Semiconductors
CRB - Commodities
