ETF CORNER

JJC/CAC 40 : Cocorico !!

Here is a comparison between the chart of Copper daily and the long term chart of the CAC 40.

This suggest that the CAC 40 should halt near the 3950/4000 area before rolling back down.

 

 

JJC : Copper at an interesting level !

JJC/SPY : Economy is cooling off !

There is one observation i wanted to share with you all.

Did any one notice something in the relationship between copper and the S&P 500 ?

It's the first time since the start of the Cyclical Bull Market that started in March 2009 that we have had a significant lower low in JJC (Copper ETF) while the SPY (S&P 500ETF) is showing a higher high !

I'd say that the lower highs in Copper are suggesting a slowdown in the Economy and the the S&P 500 is still lagging behind and will catch up on the downside.

JJC : Forty Nine !