As discussed on Thursday, preliminary targets on S&P have been attained and now we anticipate a retracement to either the trendline or the base at 950.
IBD says a weaker dollar and inflation fears are propelling gold higher. Really?, I thought gold bugs were pushing gold higher. The $USD chart still has me scratching my head, because lower prices are not being confirmed in the MACD. 
3 comments:
Are you shorting the market since you think we've topped?
Not yet. I'm waiting for a clear signal.
Good thinking, same here. I got burned on EDZ and SRS a couple weeks ago.
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