After blasting higher in a remarkable breakout surge, gold is pulling back. Such mid-upleg selloffs are normal and healthy, rebalancing sentiment to maximize uplegs’ longevity. Gold’s pullback is weighing on gold stocks, fueling some bearishness.

In this video, we discuss options trading tactics and stock market trends. We also cover the loss of momentum in sectors like tech and financials.

Cotton was lower again yesterday, and trends remain down in the market. Demand remains a problem. The export sales report showed poor sales once again, and demand is not likely to improve with the US dollar stronger.