'Gold Above $1,100, Crude Below $26 and the S&P loses $2trillion In Market Cap'

on January 20, 2016

HIGH: 1869.25
LOW: 1804.25
LAST: 1859.00 DOWN 14 Handles
TOTAL VOLUME: 3.8mil ESH, and 11k SPH traded in the pit.
MOC: BUY $270-350million

FOR TOMORROW:
Jobless Claims, Philadelphia Fed Business Outlook survey, EIA Natural Gas Report, EIA Petroleum Status Report, 6 T- Bill/T-Bond Auctions and Announcements, Fed Balance Sheet and Money Supply…Whoosh!

The DOW, Nasdaq, and S&P are all down 3.5%…I went out in the forum and Twitter and asked traders what they thought the next 50 handles would be. I said UP and the futures rallied!!!

Lets talk Fed rate hikes!! We’re down to 1 this year…Where is QEX?

This is some extremely wild trading, but I think Crude Oil is close to catapulting.

Dont forget to sign up for MrTopStep’s FREE webinar this weekend. I will be sitting in with Jeffrey Hirsch from Stock Trader’s Almanac having a talk about the outlook for the market this year. Dont Miss It!!!