Markets Down 1 Percent as Gold Rises Above $1600
The markets are becoming more volatile as we near the August 2 deadline for raising the debt ceiling. I have no plans to turn my site into a political blog, I do hope both parties come together and find a way to make all of this work. For what it’s worth – I am all for LOWERING TAXES!!
In any event, all the volatility is making for some awesome day trading! This time of year we expect a huge slow down as traders take off for vacation. Not this year! We are seeing some large moves! The S&P Emini Market dropped below 1300 today and that caused for a lot of action later in the morning.
Tick Traders were able to make their daily income very early today while some traders continued trading for 2 + points. Another “One and Done” day for most of us!!
Enjoy the day
ETS
