Iron ore crash thumps shares

Iron ore and coking coal have held onto last night’s losses today in Dalian:

And Big Iron is taking the pain as BHP falls -1.6%, RIO -1.4%, FMG -5% and WHC -1.2%:

Today’s standout chart is RIO’s breaking head and shoulders top:

Perhaps not entirely convincing yet but not a good sign…

Big Gas is also down with oil:

Big Gold is getting hammered by an NCM profit warning which seems to have triggered profit-taking in the sector:

If trading I’d buy here on North Korea. If holding longer term I’d wait.

Big Debt is also taking it in the team:

As is Big Spruik:

One wonders if the entire bourse has not put in a monstrous double top here:

After all, we really are all about dirt.