I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

Looking for Basic Rotation

There are several cross currents in the market this morning.  Refiners are crushing and other basic materials are holding on right where they need to.  The important matter for this sector is whether they can defend these levels.  Shares of ANR and CLF both were flashing alerts yesterday and today both are catching an early bounce.  How this is treated as the day progresses could be a critical component in eyeing the continued rotation of bulls from more extended sectors (like small caps) to these dicey looking charts.

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