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Some assets can give investors a leading edge to larger term market moves in the near future and assist them in portfolio building! The Power of the Pattern shared it was time to get picky on these tools back in February (see post here) as Basic Materials/FCX/Copper were creating topping patterns.
This morning the U.S. Dollar is hitting two year highs and and IYM is attempting to break the bottom of its flag/pennant pattern.
Should Dollar strength and a breakdown of IYM take place, it would be sending a pretty clear signal that softer global prices are in store!