There might be a push tonight again, but we have the PPI figures coming out. Does anyone expect these to be glowing positive especially since the energy prices have been pushing higher over the last few months (slight reprieve last night but look at the weekly moves)
The open on a lot of stocks this morning has allowed the smart money to exit some of their 'long' positions. Thank you retail BBBs again. There might be some opportunities to short today and those codes you provided a couple of days ago might be hiding a few gem opportunities.
Materials is one to watch. Last night copper and iron ore had a push but if you are playing along and looking at the weekly charts, these are very negative. Always dealers out there to push the hOpium. There are no global reasons for a push as things are starting to contract.
V had a push by the dealers - the consumer will determine the moves going forward. If they start to really default on their CC payments and as we know there were billions of racked up debts there, then smoke all the hOpium you like. In the end, reality will consume you.
Another one to watch as a means to determine how consumers are faring is NFLX... Ignore any daily noise but look at the weekly charts again. The first thing you wont need is to watch steaming movies and series when you are deciding on how to feed the family. On that point there are not many places that have power when you are sleeping in tents on the street. But then again, hOpium is gone at that stage and that is when you really need the hit from the fenty... What a sad state of affairs for the rich to gather more wealth and control over the masses by creating the situation the world is in. TFH comment.
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