If Stocks Tank, Shouldn’t Gold Soar?
Large banks, pension funds, and gold bugs are become more infatuated with gold the more the economy weakens and stocks decline. But when you look at the facts, does gold really rise when stocks fall? Read More
BMO Commentary
Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.
0645.ET
Asian Markets are Down Big while European Markets are Down some and US Markets/Futures are Down slightly now.
QQQQ/SPY are currently Trading at 44.16/ 109.09
The US-Dollar is Up some … still below 79
Pretty much the same as yesterday . . . I’m looking for an Up-Bounce . . . but watch for a failed rally to Open Shorts . . . QQQQ=44.5x-44.6x and SPY=110.50 are good areas to look for our Trading System Reversal Down Signal . . . BUT, if she looks Strong, just let her ride Up.
There are lots of Big Economic Events out today .. starting at 0745.ET.
AMC Commentary
Please Login to read the rest of this content.