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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Jacob Snyder who wrote (30340)	7/15/2021 4:14:27 PM
From: Jacob Snyder	5 Recommendations Recommended By ajtj99 catou1 Lou Weed Mevis towerdog Read Replies (3) of 96507

5% to 31% cash, in the last month. I have made a few small purchases, but mostly selling. Sold all my VALE today. Reasons: 1. Decline in treasury yields, in spite of rising inflation. 2. Flattening yield curve 3. XLY = XLP performance 4. Upturn in covid cases 5. Stock valuations priced for perfection in most sectors. 6. Even in bull markets, SPX comes down to its 200dma occasionally. We are overdue. 7. Copper: schrts.co. Since May 2020, the 20dma has been continuously above the 50dma, and the price has been almost continuously above the 50dma. Not now. The term Doctor Copper is market lingo for this base metal that is reputed to have a "Ph.D. in economics" because of its ability to predict turning points in the global economy. Because of copper's widespread applications in most sectors of the economy — from homes and factories to electronics and power generation and transmission — demand for copper is often viewed as a reliable leading indicator of economic health. This demand is reflected in the market price of copper. - investopedia

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