Daily Market Intelligence 7/15/21

The brain trust was busy early before the bell discussing Gold, inflation and the Indices.

We look forward to Richard’s interview with Boockvar & Yra.

We witnessed a stop run in the Spoo telegraphed by the 240 Minute Spoo/Bond chart.

There was a lot of damage done in energy names today.

Pattern recognition picked up the mayhem, however the Rsi’s are getting closer to short term oversold on the daily.

Shop was a big cap name that bears watching for follow through.

MO & WMT had good days which is just reflective of the defensive nature of the board.

SCCO…which ever way it goes out of today’s range should be the true direction.

The game will be played out @ 7:30 CDT when Legarde speaks.

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