If you haven’t noticed, things have changed

Take note that several things have changed in the market over the past week, and although Europe still remains an obvious problem, it’s not even being mentioned that much.  So in addition to the train wreck that’s happening over there, also consider the following:

Copper is breaking down below support.  Strong indicator pointing to horrible economic conditions.

The SPX is having bigger-than-expected moves up and down from day-to-day.  This is not the way rallies continue.

Gold…enough said about that.

AAPL, while not a market leader anymore, nonetheless a major stock and it’s breaking down below support.

The VIX.  Not only rising above 15, but doing so in very volatile movements.

Have fun!

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