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 11/18

11/19 8:30 ET Housing Starts
11/19 12:25 ET Goon Ghoulsbee
11/20 11:00 ET Goon Cook
11/20 12:15 ET Goon Bowman
11/21 8:30 ET Jobless Claims
11/21 8:30 ET Philly Fed
11/21 10:00 ET Home Sales
11/21 10:00 ET LEIII
11/22 9:45 ET S&P flash PMIs
11/22 10:00 ET UMich final

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