When looking at GLD recently, we can see that it broke below its 200 day MA as well as it broke thru its long term trend. It seems GLD is poised to go lower. Today the market showed a bit weak trading (compared to yesterday’s big move), so I believe, GLD can get lower during Continue reading →
Posts Tagged With '(GLD)'
Stocks ended higher on a choppy day
Like on a swing the stock traded up & down and they ended higher for a second day in a row. Also volume was rising at the end of the trading session. Are we heading back up to $120 level (SPY)? When browsing internet for the news, I am reading that we are not out Continue reading →
Up – down – up – down, get used to a choppy trading
Boy, I am glad I decided to close my puts yesterday. Today’s trading, so far, is clearly indicating one thing – indecisiveness. At this choppy trading I will stay out (keeping my already open positions). I need more days to see where the market will go. That’s a part of being patient, which I have Continue reading →
Will the Greece debt drag the entire market back down?
Although there are many other aspects which will affect the next movement of the market such as weak economy, job data this coming Friday, ISM report (PMI index) etc, the Greece debt and the entire Eurozone debt crisis seems to be coming back. As probably every one knew, this issue hasn’t been solved at all, Continue reading →
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