A.M. Look 2/12/26

I have little to say today.

Oil Service and Chip names keep leading.

U.S. Indices are a range trade with the rest of the world ” Japan, Korea & Mexico ” out
performing.

Metals…everyone is putting out click bait targets when in reality the levels have not changed since 1980.

The targets put out in this room have not changed in decades.

Only the path and speed to the targets are in question.

Tonight will be the last full China session for a week.

I’m looking for failed sellers out of the U.S. for another longer term buying opportunity.

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