Red Tuesday

The commodity sector began taking a beating earlier today when China reopened after its "Golden Week" holiday. The PMs played along and were smashed lower last evening, only to recover through the London session. It looked like things might turn out OK....but then the Comex opened.

And by now, you probably know what happened next. It hardly matters that the OPSX is down 10¢ and battling resistance at 102.50. Nope. Comex opened and down we went....

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Key Economic Events Week of 10/14

10/14 3:00 ET Goon Waller leads off
10/15 8:30 ET Empire Fed
10/15 1:00 ET Goon Kugler
10/16 8:30 ET Import Price Index
10/17 8:30 ET Initial jobless claims
10/17 8:30 ET Retail Sales
10/17 9:15 ET Philly Fed
10/17 9:15 ET Cap Ute & Ind Prod
10/17 10:00 ET Business Inventories
10/18 8:30 ET Housing starts
10/18 12:10 ET Goon Waller wraps up