Replies to post #16109 on Viewer's Choice

[littlejohn]

Oil price is a leading indicator to watch...

https://www.barchart.com/futures/energies

Need a posting of a Baltic Dry Index to

watch it as a leading indicator also...

Market has many day gaps from 05/22/25 on

companies that need to fill first on drops...

QQQ index may lead market lower in any

sell off because it has no gaps from higher

to go back and fill right now...

Bear markets tend to drag out with bull rallies

higher like we have seen since 22nd...

A lot of finance data and company reports

are lagging indicators to watch...

May seem like an eternity from now before

market prices in a down turn set in motion...

Cash positions remove doubt of what may

or may not happen...


so we watch...LJ

[littlejohn]

Oil/$58, copper 4.60ish, copper is #2 flashing red

indicator on economic activity...

https://finviz.com/futures_charts.ashx?t=HG&p=d

note, the price spike in late March came

when Trump threatened tariffs that spurred

traders to do some hording short term...

Borrowed text below...

Copper prices more than doubled their losses
for the month of April in a single trading session
Wednesday. If the industrial metal is a leading
indicator of economic activity, that doesn't bode
well for copper's outlook, financial markets or the
health of the economy.

Copper price fall came after the China PMI

numbers were released,

China's official purchasing managers index for
the manufacturing sector declined to 49.0 in April,
down from 50.5 in March. A reading below 50
indicates a contraction in manufacturing.

China PMI number for April still doesn't reflect

all of the down turn in motion there...

My guess would be that they won't have any

happy faces at bargaining tables about now...


so we watch...LJ