Another choppy session with minor losses all round. Precious metals and mining led the way down. After hours INTC beat by $0.06. JPM reports tomorrow morning.
Economic calendar is full again tomorrow morning. Shanghai down 1% on speculation of another rate hike this weekend.
Successful bond auctions in Europe have strengthened the Euro vs. the $USD.
Gold also weak as the risk trade in jeopardy.
My ABX short trade. ABX and GDX approaching support and rising 200 SMA on dailies. I will be looking to buy support when we get there, but I'd like to see capitulation or a gap down open for a fade.
RIMM gap fill was a good fade.
Another choppy session with minor losses all round. Precious metals and mining led the way down. After hours INTC beat by $0.06. JPM reports tomorrow morning. Economic calendar is full again tomorrow morning. Shanghai down 1% on speculation of another rate hike this weekend.
Successful bond auctions in Europe have strengthened the Euro vs. the $USD.
Gold also weak as the risk trade in jeopardy.
My ABX short trade. ABX and GDX approaching support and rising 200 SMA on dailies. I will be looking to buy support when we get there, but I'd like to see capitulation or a gap down open for a fade.
RIMM gap fill was a good fade.
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