I have a serious case of Traders Stare.

This is a function of too much time in front of a screen and not
enough time thinking about other things.

“Head up Butt syndrome”…We all get it sooner of later.

You look at the screen and everything looks the same, one big blur.
Past time to clean out the cobwebs! September is going to be busy.

Time for a hiatus in the mountains with no cell service for the next week.

Miners!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

This is what’s in play. They have the potential for a 20% rally from this low,
which is long overdue.

We wrote about this yesterday. The breakout above today’s opening ranges
have sealed the deal. You should focus on trading the miners for the next couple of weeks!!!!

The miners bottomed with the AUD/USD @ 88.50. I am not a fan of selling the Aussie period. This can rally to 96 + off this low with the miners leading.

Closing above 93 will lead to this level.

EUR/AUD…144.00 is weekly support. The sell stops are @ 143.11. Below look for the 137’s.

Spu’s…would not be surprised to see some downside over the next week or so if we can close below this weeks low of 1680.50.

1650 mid-week next and you’d have to start looking at individual names again.
1620’s would be a gift to accumulate new longs.

USD/JPY…when markets trade Risk Off the Yen goes bid. A break in the Equity indices of this weeks low next week will likely see USD/JPY under 95.80. This level is key for the next swing.

Do not fade price action under 95.80 USD/JPY ( over 104.50 Futures)