Copper is making noise today, with steady weakness finally amounting to enough where more mainstream finance types are taking notice. In addition, crude oil, second chart below, continues to struggle after a head-fake higher last week. Furthermore, gold is outperforming silver today. All of those factors point to uninspired views about global growth.
On the first chart, I present an updated 30-minute IWM ETF look. The falling channel has become increasingly sloppy, with gap-fill territory below now a real threat.
Keep an eye on LNKD under $200 as a short idea.
On the long side, ZNGA is still one of the better charts out there right now.
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