The Document

Login Subscribe Now
November 1, 2010

Gap Fade

Nothing happened today, and I suspect that tomorrow, nothing will continue happening. All markets are basically on impulse power (to borrow the second sci-fi reference of tonight's letter from Star Trek) and will likely drift sideways into Wednesday when they can react to both election results and an FOMC statement. I use the term "react" loosely because news rarely matters to market action. Stocks, gold, and the dollar already know where they want to go. This pre-event chopfest is driven by ...

 

Login to read full article.

Recent Newsletters

Macroeconomic Blog | Cycle Trading Newsletter | TrendBands Fund | Library | About | Contact Us | Members