Copper, Basic Materials and High Yield mutual funds have a quality track record for suggesting where the broad stock market and risk assets will head in the near future.  Last year Copper, High yields funds and Basic materials broke rising support lines, before the broad market declined 20% from the May highs to the fall lows.

Currently these leading sectors are breaking support and their 50-EMA lines…Their message last March/April was to harvest risk assets/lower risk exposure- Do you “Trust Their Message This Time?”

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past