Lost in the PM carnage is the fact that copper is weak too, having fallen out a wedge-like pattern on the daily.  

Looking a little wedgey (is that a word?)....

Looks like a breakout of the triangle occurred today.

Down again today and kind of in no-mans land...waiting for signs of a reversal.

A Chicago alderman is proposing banning their drinks within the city as well.

After using the new format for a little while, I really like it.  One suggestion would be to have the chart list be able to scroll independent of the chart.  That way you can keep the chart on the screen and scroll through the list to find the next one.

Thanks again for all that you do!

oh no!  sell, sell, sell! 

FOSL, SHOO, LULU, GIL all pulling back into 20 and 50 day moving averages on the daily.  May be worth a look.

Has had a nice run, but now struggling at the 200 day.

REE as well, better looking chart too I think

This was posted on Zerohedge.  It's a video of Peter Schiff asking people at the DNC if a law should be passed to ban or cap corporate profits.

http://www.zerohedge.com/news/peter-schiff-discovers-no-country-corporate-profits

Note: I am not posting this to be political, just thought the responses were interesting, so please no political discussions!

Yesterday it was Europe declaring they will print Euros to buy bonds.  That sends the EUR and our markets up.

Today we have a bad jobs number so everyone assumes QE is on the way and that sends the EUR and our markets up.

Does not seem to make much sense, but the trend is your friend! 

Nice trade potential if she is gonna play catch up to the S&P

Bad jobs = market higher in hopes of more QE!

Those looking at coal stocks may want to consider this Zerohedge article:

http://www.zerohedge.com/news/another-consequence-chinas-ostrich-economics-iron-ore-and-coal-set-plunge-further

It's like that line from "Austin Powers":  "Please allow myself to introduce...myself"

Pulling back into the 20 and 50 SMAs, and near a back test of its break out...looking low risk.

Michael Pento has been talking about this for the last few weeks.  It would be a big deal if the Fed was able to get the banks to move that money out of deposit.

Keep an eye on copper

If Goldman is saying get out of stocks, then we should probably be buying them.  They are the kings of their trading desk doing the opposite of their research desk!