Bent but not really broken – arguably.
But a few weeks ago – before the earthquake hit top producer Chile – I wrote a piece for MarketWatch saying copper and copper stocks looked bad. Then the earthquake hit and copper jumped up – a lot.
Blame the dollar if you like but today’s action is bearish and we may look back on last week’s trading as the second peak in a double top.
And for your odd music enjoyment, “Bend It” from 1966. You know there is always an ulterior motive in my blog titles.
