Morning Gang!

As I type this durable good orders out ex defense .03 July and versus June 0.2,  ex transportation  3.8% for July,   As I mentioned in the Lounge yesterday where we reloaded on shorts after a huge % up day, we have not see the flush out day, this is a control move downward and is not over yet!! We need a little bit of panic or like in 2009 we can remain oversold for quite some time, now when the shorts start to take profits, the rally should be rather strong so be prepared for that!

We broke support at the 1050 close yesterday which gave me even more confidence that we should go lower. I have 1042 ES as another support area. Where do I see this ending.. I think 1020 or even 1000 is quite doable in the short term. 

Now I am still long Gold,  but only for the short term this puppy is screaming for a correction and don't want to be caught long when it does. I still think 1300 is a good target, but that's not far from here. 

Long Silver since yesterday so far looks good.

I have a date in mind today the 25th as the possible flush out :)

GLTA Peace Love Kindness

Anna