Nickel May Be Out of a Pickle

Just a quick note into the bell that the vastly under-watched nickel market, using JJN as a very rough proxy, below, is hitting multi-year highs today, as one of our Members astutely noted.

Not only is JJN breaking its recent bullish cup-and-handle pattern higher, but it is also clearing well-defined resistance, as you can see on the JJN daily chart, below. Much like lithium and some other electrical, cutting edge tech components, nickel my be a hidden gem. Perhaps Kyle Bass was on to something all those years ago?

As for the market at-large, FB TSLA earnings loom after the Fed punted into December today and the IWM clawed back over $148.