Charts To Watch - Published Thursday, March 14, 2013 6:59 AM ET

1 - Art Cashin: Lots of 'Wood to Chop' at Current S&P Levels
2 - The market continued to move higher on lower volume. Where did everyone go?
3 - It was trucking stocks that pushed the US market higher on Wednesday.
4 - And once again, what the market didn't like were the gold and silver stocks.
5 - New TSX Sell Signal
6 - VIX Watch

1 - 1 - Art Cashin: Lots of 'Wood to Chop' at Current S&P Levels
     (Still the only person I will stop what I am doing and watch on the TV)

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2 - The market continued to move higher on lower volume. Where did everyone go?

3 -It was trucking stocks that pushed the US market higher on Wednesday. 

JBHT JB Hunt Transport Services

4 - And once again, what the market didn't like were the gold and silver stocks. 

And once again, I am short Goldcorp.

5 - After waving off all the recent Buy Signals for the TSX, we finally got a new Sell Signal on Wednesday.

This market actions lines up with what we are seeing Down Under.

Yesterdays weakness was widespread, with Canadian Bank stocks finally breaking down.

With RRSP season over, who is left to buy Canadian Bank stocks?

I am still long BMO, but I would not be surprised to join everyone else on the short side soon.

6 - For the TSX to turn Bullish, we need the TSX VIX below 13.25.

 

And for the US market to turn bearish, we need the S&P 500 VIX above 13.60.

All for now.

Stephen Whiteside

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