A.M. Look 7/17/19

Mid-Week Shuffle.

European Debt Instruments went into rally mode right out of the gate last night.

Find a name you want to trade that is in trend.

CSX got bombed on earnings.
Transports will not look pretty in early trade.

Gold/Silver came into its monthly gap.
Closing below the top of the gap @ 8926 will see this direction extend.

Right now I’m still trying to wrap my head around what that means.
Is it a break in Gold?
Is it a rally in Silver?
Is it a corrective spread trade with neither metal going anywhere?

Soybeans (X) have come into support @ its 200DMA.
I’ll look at this when the CBOT opens.

This entry was posted in Archive and tagged , , , , , . Bookmark the permalink.