The Swiss team continue to look for a shallow pull back in the major equity indexs. They are looking for a sector rotation from high beta stocks (ie copper miners) into low beta/defensive stock like utilities. They show a chart pattern of a potential utility breakout here and now. Also of note, having correctly turned bullish on the miners last week they are looking for more from the gold miners as well as their junior counter parts.
(3 votes, average: 5.00 out of 5)
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