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Archive for: January 2010

January 27, 2010

Broken Gold and Oil Stocks

Filed under: Stock Sector - 27 Jan 2010

One might be thinking that gold stocks are due for a bounce here, but I would use that for a short if it does occur.  XAU is weakened.

GLL the gold …

January 25, 2010

Will SPX Long-Term Trendline Support Fail?

Filed under: Trading Patterns - 25 Jan 2010

I thought the market might hold the SPX 50 dma, but that quickly failed.

Friday’s trade began with a breach below the SPX 50dma.  Failure to move back above the previous day’s support set up a lower pivot that should be …

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