The open is absolute Pandemonium. We went from an AAPL and FB earnings beat driven overnight levitation with a closing 4 p.m. ES print of 1870 yesterday to an 8:45 a.m. high of 1882.50 followed shortly thereafter by an ES low in regular hours of 1865, now at 1868. This is the reason I didn't want to enter anything more than what was already open, not until we have some solid signals and there are few, thus this insane action.
Gold was slammed in early morning trade, it has essentially recovered its losses.
Right now the thing to do is look at any trade management such as taking gains on puts, etc. and let the a.m. trade dust settle.
I'll have some chart updates out in a few minutes.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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