{+++}
Watch EAT as a short through yesterdays low around 15.07 , 15.03 was the May low
This is the first day in about 8 weeks where there is a decoupling with the dollar and commodities and the market, the dollar is up and so is market, materials and commodities, interesting and something to keep an eye on.
I tried a few day trades but it resulted in a push and then I lost about .60 cents on ICE, the market is strong, the shorts from last night have very bearish patterns and have a great shot of working regardless of the market although a correction would help.
I’m not chasing longs here and am basically sitting it out. If we need to get more long we will.
The 10 year note is nearing 4% and no one is talking about it, higher rates can stall this recovery and could put some weight on the market going forward. Stay tuned.