Midday Missive

The Miners are catching a bid with the European Equity sell off.
GDXJ…is a low risk buy against 42.40
ABX…is breaking out to the upside as investors in Europe seek safe haven in the metals and the Miners.
Both the Spu’s & Nasd have come down to retest last week’s highs.
They either hold right in here or you’re going to see a much deeper correction!
​VIX…​​has been the key to short term moves by holding the 200 DMA on breaks​, thus capping rallies in the Indices.
11:00 A.M. CDT comes the USDOA crop report.
The conditions in the Midwest have been excellent for growing this year.
The expectation is for a great report.​
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