Midday Missive

Wednesday is a Full Moon, which means there should be some big action mid week.

Thursday is a major crop report. This is the one that is always a major market mover.

For those of you that bought GDX, Keep your stops in place.

Grains…Thursday, it would not be uncommon to see limit moves one way or the other.

Equity Indices…

1543.50 SPU & 2776 Nasd are the ORL #’s
They should take a peak at the levels!

Pay attention for sustained price action under these levels. This will lead to more Risk Off.

Euro…closing under 128.77 & EUR/JPY under 121.44 are the ORL#’s.
Closing under these levels, one should expect some downside follow through into tomorrow.

Time Frame trading the rest of the day. After London goes out the board can change.

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