Hot Option Plays: Monitoring Copper Moves After Hours
Cusick’s Corner 01-28-2013 After Hours The larger bullish picture is still in play but the Materials segment, XLB, might be the wet blanket in the short-term. A catalyst for the negative action could be the disappointing Housing, Pending Sales down, and as I mentioned early this month, the proverbial canary in the coalmine, Copper, JJC, [...]
Cusick’s Corner 01-28-2013 After Hours
The larger bullish picture is still in play but the Materials segment, XLB, might be the wet blanket in the short-term. A catalyst for the negative action could be the disappointing Housing, Pending Sales down, and as I mentioned early this month, the proverbial canary in the coalmine, Copper, JJC, has not been participating in this broad-based rally. If demand for Copper is flat or decreasing this could lead to economic concern. Also the S&Ps have … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards