Everything is down. Almost. Correlation is high.

Commodities are down - they keep declining. A sign the economy is not strong.

1275 for the S&P 500 is formidable resistance. Even gold and GDX seem to have found a resistance level.

It is frustrating. We are watching closely a few stocks which have a nice momentum (high alpha). I will discuss them in my next issue of The Peter Dag Portfolio.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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