Hello Everyone,
Quick comments: I hope you watched my video or listened to my weekend newsletter as for now our preferred scenario continues to play out.
Lot of market moving items this week: Tuesday morning 1 hr before the open we have the PPI data, then plenty of news on Wednesday from Retail Sales and of course the all important FOMC, and on Friday it's OPEX! And of course any geo political news that can come out on a dime's notice or overnight to cause wild gyrations in the futures markets.
Commodities have been consolidating since last week. Short term I'm watching for a reaction bounce off the 20 day SMA on GDX and PDBC.
I'll go over many of the same charts from the weekend and I offered a few trade ideas as well. Nice day for ZIM!
Matt
