The Comex day began poorly but ended well as the POSX couldn't mount any sort of sustained rally and the bond market rallied back, too. Tomorrow will bring the latest update on retail sales so expect some volatility but be sure to keep your eye on that POSX.
Just the fact that the POSX could fall nearly 4% in six trading days...and then not be able to bounce at all...is noteworthy. However and as we discuss today, the next 24 hours may hold the clue as to whether more downside may come in later this week. So watch that POSX and then wait to see what kind of reaction we get in the...
