Musky Guy's Charts and Picks

[beach_trades]

Watch Oil and Copper--They will tell us direction of markets

Also rising dollar and falling euro---all bearish right now

I am more and more in cash-defensive plays and lighter trades

THE ASSOCIATED PRESS May 8, 2012, 12:49PM ET

Oil prices fall for a 5th day, down 2 percent

By CHRIS KAHN

FROM BUSINESSWEEK

The price of oil fell 2 percent Tuesday, extending a weeklong decline, as signs of global economic weakness raised concerns about energy demand.

Copper Market Analysis (GMT)

NaN 06:07 BASE METALS: Copper Ends At 2-Week Low On Greece (Dow Jones)
NaN 06:02 Hussey Copper Price 3.9355 Cts/LB. - May 8 (Dow Jones)
NaN 04:45 BASE METALS: LME Metals End Mostly Lower As Broad Markets Slide (Dow Jones)
NaN 03:13 BASE METALS: Greece Fears Weigh Down Copper Prices (Dow Jones)
NaN 02:13 BASE METALS: Copper Falls As Euro Breaks Below $1.30 (Dow Jones)

http://www.metalprices.com/freesite/news/metalNews.asp?id=20120508017313&svc=ODJ%20&title=BASE%20METALS:%20Copper%20Ends%20At%202-Week%20Low%20On%20Greece%20(Dow%20Jones)%20&date=05/08/12%2018:07%A006:07

Just checked---Gold and Silver (defensive) also sold off---yikes