[Video] Copper ‘Pipes’ Up, AIG Hints at a Short Squeeze

Copper rallied over 3% yesterday, on the back of renewed stimulus talks in the US, stronger economic data and potential mining strikes in Chili.

Uptrend 4


We also update our analysis on Berkshire Hathaway (BRK.B) which appears set to break out of a continuation pattern and resume its trend. We also introduce American International Group (AIG) to the watchlist for a potential long setup. What makes this stock of particular interest is that it is the second most-shortest stock on the S&P 500. So if prices continue to rise it could squeeze some of these shorts and add further fuel a bullish rally.

S&P 500: Market Internals

S&P 500: 4200.88 (0.12%), 27 May 2021

  • Industrials (1.3%) was the strongest sector and Utilities (-0.65%) was the weakest
  • 6 out of the 11 S&P 500 sectors closed higher
  • 5 out of the 11 sectors outperformed the S&P 500
  • 5 out of the 11 sectors traded lower on the S&P 500
  • 332 (65.74%) stocks advanced and 172 (34.06%) declined
  • 90.89% of stocks closed above their 200-day average
  • 62.38% of stocks closed above their 20-day average


  • + 7.09%   -  General Electric Co  (GE.N) 
  • + 7.05%   -  Ford Motor Co  (F.N) 
  • + 5.25%   -  Invesco Ltd  (IVZ.N) 


  • -7.71%   -  Dollar Tree Inc  (DLTR.OQ) 
  • -3.14%   -  eBay Inc  (EBAY.OQ) 
  • -2.53%   -  Pinnacle West Capital Corp  (PNW.N) 

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