Charts and CoTs

It was a busy day of moving for me and it was a busy day of chart painting for The Banks in one of the most egregious events I've witnessed in quite some time.

You saw it, too, so there's no need to ruin a Saturday by rehashing it. Suffice it to say, it reeked of desperation....a desperation to avoid a breakout above $30 on the monthly silver chart (which failed)...but also desperation to paint a clear double top on the daily chart (which succeeded). So now we wait to see what June brings.

For me, June is going to bring an unusual schedule and some of that will start...

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Key Economic Events Week of 12/9

12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET Productivity
12/11 8:30 ET CPI and Core CPI
12/11 2:00 ET Monthly US budget
12/12 8:30 ET PPI and Core PPI
12/13 8:30 ET Import Price Index

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