PRE MARKET

Down open. Blame is on North Korea…BUT…we think this morning is North Korea but we KNOW the overall drop, the overall weakness can only happen in a weaker market. This market has been weakening for weeks. Just remember that. If the market was set up to go higher, most everything gets shrugged off.

We now pay attention to support levels. Do not rationalize why. I am already receiving emails telling me the selling will not last because it is event driven. Maybe they are right…and maybe they are wrong. We will just pay attention to the bouncing ball.

Of course, gold is up on the news. As we reported, gold and gold stocks were edging out of range. WE HAVE NO IDEA HOW THINGS PLAY OUT TODAY. Just remember that is the trees. The forest is that the market is becoming a tougher proposition with a chance for a break to the downside. We will be in touch.

Lastly, we are now watching in full color the greatness of the American people. Just look how average Americans are taking it upon themselves to risk their own lives to save other’s lives. People they don’t know. People they have never met. Magnificent! We wish everyone well that remain in the cross hairs of a devastating event.