Daily Market Intelligence 8/11/21

We spent some time in the room speaking about Gold and the Equity rotation ahead of tomorrow’s inflation data.

Follow the Bonds early.

Higher Yields will hit the Gold and provide a further bounce in the Dollar.

Euro… use 116.00 as an extreme.

Gold…I’m a buyer @ the 1665 gap level for a bounce.

Everyday the algos give opportunity.

Yesterday was Biotech & Healthcare. Today Industrials and materials led by steel names.

Infrastructure was today’s rotation.

Nothing is a one way street.

Higher yields have the algos selling tech and buying other sectors.

The great shuffle continues.

One has to use trailing stops and pay for trades.

 

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