There’s really not much to say here. The majority of my longs were sold yesterday as the rug pull began by the bears.
Risk is still to the downside as the head and shoulders top in the Russell could very well be playing out. Look at the miserable failure at the underside of this trendline:
I’m not looking to add much here unless something really stands out. I’m perfectly content watching this unfold from the sidelines.
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Oh, and check out oil busting out to 52 week highs. Think gasoline is high now?
Nope. $5.25 / gallon in Canada, $7.56 / gallon in France…
going higher
For sure, here too. I meant in US gas is pretty cheap compared to high taxed countries…