Pre-market & Intra-day updates

PMs are selling off into the jobs number tomorrow and the sentiment is growing darker – WSJ: Investors have lost their appetite for precious metals. Gold and silver prices have been under such pressure that...

Fed day is today, and the big markets tend to be quiet ahead of it, but silver, IWM, and crude oil are not listening. Once again, what happens to people after a steady rally in...

The Fed’s 2 day meeting concludes with the announcement tomorrow at 2 PM EST. The tendency is for more trading range type of action in the big markets. Yesterday’s intraday comments covered gold. GDX –...

Last week David brought MTBC to our attention, and it was included in the breakout video from Saturday. I missed the huge run in the morning, but there was a textbook “reaction buy/retest after buying...

From the WSJ: A traditional bond market measure of economic health is sending a dour signal, but it’s not everything it seems. The difference between long-term 10-year Treasury note yields and short-term two-year yields fell...

With the relatively meaningless GDP number out of the way this morning, now the next thing will be the debt ceiling (we already know the outcome there regardless of the drama) and the French elections. And...

Stocks and markets – silver is setting more new lows, so now it is not “holding up well”. But not holding up well means we’re getting there. Once again tho, I won’t touch silver until/unless...

Today’s news item which markets have to deal with is the ECB decision on interest rates and QE. The central bankers days of glory are tied to the low rates -they appear to be magicians,...

There are several stocks on the move today. NADL had another rocket ship move today, Stevie took some profits into the highs. Let’s see if there’a reaction buy setup later. A few days ago, I...

The latest thing markets are fixated on is the “Trump tax plan” – claiming this is going to be the biggest tax plan in history. We have no idea what any of this means, but...