Chop-fest Machete` at Dow 12k and SPX 1300

21 views

Silver is moving vertical off today’s low of 34.05 and the DXY’s flight to quality was stopped cold at 77.38. Oil is down about $2 but remains firmly above $101. Ten year Treasury Bond yields were lower but have reversed higher.

Most every market is a chop-fest waiting to bludgon most directional trades. Lucky for traders, the range is very narrow.

Rumors are that QEIII is a lock, but that may just be wishful thinking. At the moment a front row seat is an attractive place to be.

Chop-fest Machete` at Dow 12k and SPX 1300

21 views

Silver is moving vertical off today’s low of 34.05 and the DXY’s flight to quality was stopped cold at 77.38. Oil is down about $2 but remains firmly above $101. Ten year Treasury Bond yields were lower but have reversed higher.

Most every market is a chop-fest waiting to bludgon most directional trades. Lucky for traders, the range is very narrow.

Rumors are that QEIII is a lock, but that may just be wishful thinking. At the moment a front row seat is an attractive place to be.