The collision of global markets and social mood

Tuesday, June 28, 2011

A Good Place To Ride Out A Storm

Yesterday's leg of the trip was what I call run and gun: cover as much ground as possible with very few stops. There was a wide band of thunderstorm and tornado warnings engulfing the entire state of Tennessee. Since the storms usually show up at night when the air cools, I wanted to get to the lee side of the Appalachian foothills for some overnight protection. I managed to get as far as Bristol, VA, which worked out just fine.

The S&P is still riding out the June storm, tucked into the lee of the 1258-1298 range. Perhaps we'll test or exceed the upper end of the range with some quarter-end, pre-July 4th window dressing. I'm still riding out my stormy gold trade.

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