The NASDAQ has clearly broken the secular bear market trendline. The next major resistance level is the 2007 high.
GLD versus the $USD. GLD looks poised to retest recent highs and the $USD looks weak after last week's retracement. If the $USD can't bounce tomorrow, it's going to look like the November bounce was an oversold, technical bounce, rather than a bona fide trend reversal.
LVS - Strong buying on Friday. Looking for follow through and possible short-term trend reversal.
POT - Flagging after last week's channel BO. Overnight grain futures are strong, so ags could see more upside tomorrow.
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3 comments:
Excellent one on the MIPS and POT.
Thanks
Thanks Chin,
Today might be a pivotal day. The markets feel topped out. Seeing lots of shooting stars and doji shooting stars EOD.
I saw that. Some crazy drop in Pot.
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