In case there’s any uncertainty how much the world thinks of the unhinged chaos the world is being thrown into, take a glance a little metal I like to call silver. Its futures contracts are up almost 7% and, once again, is at prices never seen before.
Longer-term, if you look very closely, you can actually make out the general trend of this particular precious metal.
Bitcoin, the “digital gold” that the brain trust Eric Trump has been touting, is flopping around like a dead fish. In a perfect world, the price would be about a penny, but suffice it to say that what should be a perfect, ready-made environment for thriving crypto markets is exposing them for the useless crap they truly are.
Conversely, volatility got the electric paddles put onto its chest, which is a nice change considering the moribund state of stocks lately.
As for the /NQ, my main focus, we are down nicely (not quite 1%). What I’d like to see, of course, is for us to cut below the “V” bottom.
The /RTY small caps are relatively stable, down only about half as much as the /NQ.
By accident, I discovered I had stopped following ANF in my watch lists. I must have accidentally deleted it sometime, which is a shame, because it’s a real favorite of mine.
Having said that, if anyone is short ANF, please accept my congratulations for what’s going on pre-market!
The bell is about to open, so me and my team had better get ready for the day.
