Crude Oil is basically +3.50 this week. And ESU is +60 handles for the week. NQU is +520 points this week. And they're all bearish. EARNINGS MATTER!!! Don't fade the DR.
The metals could be finally digging themselves out of the hole they dug for themselves. But it is Dr. Copper who continues to lead this sector higher. I think Copper is ready to explode higher. And if Copper explodes??? The indices are headed higher with it.
Will the world come to an end this weekend or was this just ANOTHER buying opportunity? The key indicator should be the social media chatter. You know they’re all bearish.
The world did not come to an end. Wall Street did not CRASH. Next up, earnings season along with Warsh on Capitol Hill for 2 days testifying on the state of the economy. And everyone is making up excuses to be short Wall Street. The trend is your friend and the trend is higher