Loading ...8:25am–Everything is setting up nicely for our Pm trades—I like the fact that stocks have rallied into this report
I heard a Bloomberg guest front running the 27K ADP numbers—the usual stuff=“these numbers are volatile blah! blah!The economy is really fine…it’s just the tariff issues holding back stocks
Giddy DOW futures are trying not to fade…they cavalierly rallie in the teeth of the weak ADP number…gold needed, I guess, the past few days action, to get the RSIs down…of course, now, a weak number, like 85K jobs will be celebrated
Then there’s the other nagging question=Ballinger is usually right in calling the turns in gold…so gold may already be in lockdown mode…if so, then no data or no event will see it rally…we’ll know soon