There is one alarm I would like to mention, which is a trend reversal for correlation between stocks and commodities.
In the past several months, commodities like crude oil, gold and base metals, normally track stock market. However, from this week, or later last week, gold and silver are no longer tracking stock market.
What does this mean? This means big money is beginning to use precious metals to reduce their position in stock market. Now the trend is not that abvious but we need to pay attention to this. When gold becames a reversal indicator of stock market, it is undoubtly to buy gold to hedge your long position.
