Wild Morning

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We’re only a few hours into the trading day, and there’s already a lot happening. I’m watching the Trump press conference right now, and his words are definitely pushing sectors around, including, notably biotech. My Mexican short idea, shown below, continues to break down nicely, and the core failure (that long red horizontal line) is very much intact.

0111-EWW

Crude oil has been just insane. When the inventory report came out, it plunged, and then a few minutes later, it went roaring higher. It is quite plainly below its higher range where it had been stuck (the green tint) and now it’s in a new, lower range (yellow). The line in the sand at this point is at about 52.37:

0111-crude

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