Midday Missive

Lawyers,Guns & Money
Hunting season is upon up us. All those Packer fans can ammo up
and bag one on the way to Lambeau Field.
Of the two patterns Ruger shows the most promise and definable risk.
If you want to take a shot at a mid-week low, wait until the close and choose Ruger.
Sustained price action below its 200 DMA @ 63.44 is all the risk one should take in this market. This level needs to hold on a closing and trading basis tomorrow to avoid another 5% of downside.
RGR.
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Smith & Wesson…SWHC
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This mornings winners are turning into losers.
Long Gold/Short Currency spreads are all under duress with the Gold leading the downside on a dollar adjusted basis with potential ORL patterns against the Euro,Suisse,Aussie

It’s Wednesday and I’m not rationalizing anything.

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