Midday Missive

30 Yr. Bonds are running the show.

Healthcare started to pick up along with retail early.

Honeywell shows a descent low.

Transports trapped the shorts.

FLR will need a close over 17.15 to confirm higher.

I exited the bulk of my Silver and Gold just after the NYSE opening.
My main reason was the 3 Pit gaps higher in the silver.

This is classic exhaustion which requires some back and fill.

I’ve kept runners on and I’m looking late today perhaps into tomorrow
to re buy.

Spoo’s ran out the weak shorts.

I remain unconvinced that will be the low going into Sept.

It’s just the first inning of the Mid-Week Shuffle

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