General Comments or Valuable Insight

Everything is parked. We need some price action out of last night’s ranges for new direction.

Based off the long term point & figure charts the metals look vulnerable to more downside.

Trade your time frames today and pay particular attention
to the New York opening since this has when been when daily direction has been setting up.

Trading over the past weeks have been opening range trades, where once early direction has been established, markets have started to trend for the day.

We could sit for a bit in most instruments since we have just had such a big 3 day run. Hopefully we don’t get back to the grind higher in equities with no trade.

You’re going to be better off focusing your attention on individual names today rather than trying to play the indices.

Short Term View…

Equities are in a buy the big breaks mode, just as the precious metals are in sell the big rally mode when the board goes risk on.

Trade instruments off their own technical s
Time Frame Trading.