That's a more, eh!

As I wrote in Quick Takes Pro (shameless marketing opp) a few days ago, I have never seen a quadruple or more top. This pattern in the gold ETF is either a sextuple top, which does not exist, or a rectangle or even a rectangle with handle. Gold to 1550 next.

Drink up!

Livestock confirmed a long-term breakout. Corn was limit up twice last week (or close enough Friday). Oil at 108 and gasoline jumping by a full nickel over the weekend don't matter to the stock market - until they do.