S&P cut U.S. to negative watch. This will tilt the budget to the Tea Party. Metals have already peaked on the news.
I'll be looking to short early, hopefully on a bounce after we get through the opening.
Strange about the metals, eh? You would think that downgrading US debt would be bullish for metals. OTOH, markets usually peak on GOOD news, this is good news for metals so they top here!
Strange about the metals, eh? You would think that downgrading US debt would be bullish for metals. OTOH, markets usually peak on GOOD news, this is good news for metals so they top here!
ReplyDeletepima, looks like sell the news. I'm selling on another high or a break of gold 10-minute M/A.
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