Commodity Prices

Gold •481 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,591.40	+7.90	+0.50%
WTI Crude •11 mins	60.25	-1.06	-1.73%
Gasoline •12 mins	1.919	-0.001	-0.07%
Ethanol •482 days	2.161	+0.000	+0.00%
Silver •481 days	30.82	+1.16	+3.92%

Silver • 481 days	30.82	+1.16	+3.92%
Copper • 481 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.51	-1.11	-1.69%
Natural Gas • 11 mins	3.361	-0.081	-2.35%
Heating Oil • 12 mins	2.387	-0.050	-2.04%

Headlines

866 days Will The ECB Continue To Hike Rates?
866 days Forbes: Aramco Remains Largest Company In The Middle East
868 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,268 days Could Crypto Overtake Traditional Investment?
1,273 days Americans Still Quitting Jobs At Record Pace
1,275 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,278 days Is The Dollar Too Strong?
1,278 days Big Tech Disappoints Investors on Earnings Calls
1,279 days Fear And Celebration On Twitter as Musk Takes The Reins
1,281 days China Is Quietly Trying To Distance Itself From Russia
1,281 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,285 days Crypto Investors Won Big In 2021
1,285 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,286 days Food Prices Are Skyrocketing As Putin’s War Persists
1,288 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,289 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,292 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,293 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,293 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,295 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

This aging bull market may…

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

More Info

Contact Author

Cyclicals are Poised to Move Sideways

By - Feb 18, 2013, 1:25 PM CST

The Morgan Stanley Cyclical Index has advanced to 2007/2008 highs, traders have solid profits with an index at massive resistance suggest at the very least profit taking to commence, or Wyckoff distribution to move front and center.

The Morgan Stanley Cyclical index is made up of solid companies (only 1 bank) that are very sensitive to economic conditions (economic canary) and is a must watch to ensure trends by SP500 and DOW are solid. After a great run to long term resistance, what trader wouldn't take profits?

Ms Cyclical Index - Resistance from 2007/2008
Larger Image