WIND CHILL WARNING. WIND CHILL ADVISORY. WINTER WEATHER ADVISORY. WINTER STORM WARNING. Current temperature: -12° below zero.
These are the conditions which my friends and I are heading into today. The snow will not be a problem because it will have passed by the time we get there, but the Big Chill is on.
There was a bit of a chill in the markets yesterday, but very little technical damage. There will need to be much more carnage if there is to be a break in the current up trend.
The 1870-1820 range should hold for the next few days. Next week is probably when the A-teams get back to the larger institutional trade desks.
For now my bias is still higher while looking for opportunities to add calls at lower prices. Resting call orders are in, and we are packing the rigs and the sleds and the gear for the trip up North. Happy Friday and have a great weekend.