"Doctor" Copper Offers A Dire Diagnosis

Copper is commonly called "Doctor Copper, with a PhD in Economics" because global economic trends often follow demand, as expressed by price, for copper.  That's essentially because copper is so widely used in construction and industry worldwide.

Below are copper charts, daily then weekly, with the trend lines having obvious implications:

Here's an interesting chart of Apple, AAPL:

Last week we warned that Goldman Sachs was about to break down and that this would be problematic for market bulls, adding "probably it'll meet the black uptrend later this year."  The S&P and NASDAQ hit highs for the year (so far at least) a few hours later, while the DJIA went only slightly higher. 

Here's an updated chart of Goldman Sachs, GS:

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