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Comes in at 8:30 EST. The PPI was close to 10% on last report. The US Dollar is down and the gold/silver is negative. You betcha! Everyone knows the CPI is coming in hot and if the monetary metals don’t go up there is no point in being in them. Like the SEC ruling that Twitter did not violate election laws by terminating peoples accounts for reporting on the Hunter Biden scandal. Everything is rigged but I am hopeful the market will have true price discovery this morning, otherwise its back to the energy stocks.
Fuck Joe Biden!
Yeah! and I’ll fuck Jill…LOL
“I am hopeful the market will have true price discovery”…The only thing the market provides is management of your perceptions.
Don’t trade the early reaction unless it sells off. These releases often start up, selloff to disappoint the bulls and then after that fakeout resume going higher.
I would say don’t trade the news period.
This is the pullback I detailed. May last until near the 9:30 open for stocks. Should help minimize gaps. Expect rally today. Will need to see follow thru during week and a strong close to end the week Friday.
It might happen. GDXJ on the close yesterday had 3.44 million MOC.
For those who are unfamiliar with market on close orders MOC orders are submitted in the prior two hours before the close. They are in the order book of the market maker who matches/pairs so that price is not disturbed by the large volume. In this case 50% of the 7.5 million shares traded before the close were not disturbed by the 3.44 million MOC book. This allows liquidity for institutional buying without stepping
into a bucket so to speak and not disturbing the water level…
Thanks Noman…thats new to me