Tuesday Afternoon

The commodity complex, with the exception of wheat and lean hogs are down across the board, with Oil off 1.51 at 86.36 and Gold of 17.  The debt markets are rallying, with the 10 year now up 5/8 at 3.32% and the Bond up 1 1/4 at 4.47%  All the major equity indexes are off, with the Dow off 75, the SPX off 8.85 the RUT off 5.88 and the COMPQ off 17.34.  And Trannies are leading the way, off 0.90% at 5032.10.

Here is a chart of the Silver/Gold ratio, which has done a pretty good job of leading the equities market.

With another down day tomorrow, we will move our stop loss prices to protect profits.

An interesting post at Of Two Minds by Charles Hughes Smith, on the "Kubbler -Ross Model-Denial, Acceptance and Self-Renewal in America".  It is really a drag when one begins to see that what has to change is us.

Best To Your Trading!

Bill