Int'l Macro Vision: Sector Synopsis

Knowing what to ignore is vital in this headline-saturated environment. As technicians, we would offer that during confusing periods the thing to ignore is the daily charts. The daily timeframe, while occasionally helpful, produces noise in abundance and, by its nature, offers a limited view of the larger trend. Weekly and monthly charts are the antidote. They provide context and smooth out the short-lived whipsaws--all necessary in our current market. And in today's market, the weekly charts c...