QQQ’s are in early trouble, the dollar is up slightly, rates up 2 bips and oil up over a buck.
As always, the test is whether we can ignore these other markets.
Deer79 – interesting perspective about the whales and gold. No doubt these currencies are collapsing against anything tangible. I’ve wondered if that’s why the SM has continued higher. Not strong stocks, just a dollar that’s worth less. Unfortunately, we bought gold for that very reason and have never seen its fruits. Another ZH article said gold was headed to $7k. I hate seeing these bullish articles, it always seem like the scum works against them.
Let’s see if yesterday meant anything or if it was just a one off.
