So back on October 14th, I posted a tweet that markets did not look similar to the February dip contrary to what someone else was suggesting. This is not me saying I told you so, but rather helping you understand what it means to look beneath the surface. Sure the charts looked similar on February 9 and October 12 but that’s where the similarity ends. Take a gander at the financials, the transports, and the semis and you’ll see a very different picture. That weakness needs to repair itself if we are to have a meaningful recovery. Join me from my office in Fort Lauderdale for a quick review and more.
Be sure to follow me on Twitter @AlAbaroa.
