''Fiscal Cliff'' or the Message from Doc Copper?

November 29th, 2012

by Chris Kimble

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

Heard about the "Fiscal Cliff" lately? How many times have you heard it mentioned in the last few hours? Is the media coverage about the "Fiscal Cliff" causing investors to look or focus in the wrong direction for clues about the market's next significant move?

Copper has been a pretty accurate indicator to the overall direction of the S&P 500 for the past few years. Each time Copper has hit support line (1) in the chart below, the 500 has been at or near a key low as well.

Keep your eye on this support line in Copper. The odds are high that the message Copper sends is a much better indicator about the future of the markets than the hype around the cliff.

Copper's message will provide useful input for portfolio construction -- more so than the hype surrounding the "Fiscal Cliff!"

© Kimble Charting Solutions


Website by the Boston Web Company