It’s NYSE monthly option expiration day for July and you know what that means…you’re going to see some outright and blatant attempts to peg prices of ETFs and shares into certain spots for the close. But let’s not focus upon that today. Instead, let’s focus upon a far more important development.
And what’s that? Well, if you’ve been following along all week, then you’ll recall my concern over a possible breakout in the POSX. Could/would it finally break through and close above its 50-day MA, signaling a possible change in trend and intermediate term headwind for the PMs? On the…