Just Another Day In The Barrel

Here we are with another day that is following the same trading pattern that we've seen so often as of late. And what's that? A rally in Asia that peaks at/near the London open, followed by falling prices that accelerate lower on Comex.

Deja vu all over again, I suppose. Today, this trend is surely being exacerbated by the selling associated with Comex Feb23 option and contract expiration. But, however you slice it, this sucks and it's quite aggravating....

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Key Economic Events Week of 5/20

5/20 9:00 ET Goon Waller
5/20 10:30 ET Goon Jefferson
5/21 9:00 ET Goon Waller again
5/21 11:45 ET Vice Goon Barr
5/22 10:00 ET Existing home sales
5/22 2:00 ET May FOMC minutes
5/23 8:30 ET Jobless claims
5/23 9:45 ET Flash PMIs for May
5/23 10:00 ET New home sales
5/23 3:00 ET Goon Bostic
5/24 8:30 ET Durable Goods
5/24 9:35 ET Goon Waller again
5/24 10:00 ET Umich final

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