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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Sun Tzu who wrote (31853)7/28/2021 11:45:50 PM
From: chip2 Recommendations

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ajtj99
towerdog

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My thought was after great runs in almost all the material stocks, they had simply gotten ahead of themselves and it was time for a consolidation. Chemicals, lumber, steel, agriculture, and base metals have all been following suit.

Some of these like steel stocks MT and TX, ag stocks like CTVA, miner GLNCY, LIN (industrial gases) appear to have bottomed and are firming nicely. I think others like FCX, RFP and ADM still have further to fall.

I haven't had the free time to listen to any conference calls. I don't feel particularly negative, though I do feel like the consolidation will take more time to play out. Has this been predicting an economic slowdown? Hopefully short-lived if so.
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