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Basic Instinct

This is a syndicated repost published with the permission of Lee Wheeler On The Mark. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

The BPMATE (SPX Materials Sector BPI Index) is shaping up in a very similar fashion to May 2006. We are seeing nearly identical neg divs that led to a 17% selloff in the group.
The BPMATE is now at 81.52. As you can see, the 80ish level has proven to be a very high-risk place to […]

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