Just before the close yesterday, when the Spoos failed to power through 7607, my view was that the first few minutes of Asian trade would run the board given the lack of umpff in the Kospi.

EWY is currently running the weekly ORL sell stops! Not Bullish!

I said that it very well could be an everyone all in rally to nowhere as the break was bought. One of the bigger bull
traps in recent memory.

Today will be the tell.

Money is trying to hide in the Financials.

I bought GOOG & ES on yesterday’s open. I’m using breakeven stops.

Nvidia trades like a utility.

Lest I forget, everyone is taking about the Gold /Bond holdings if various Central Banks.

The spreads show no
interest in Gold at this time.