Category: ETF’s

GLD

next price objective is 91.28 then 102.60. buying pressures are extended.  price divergence here, 83.36 makes us wrong and reverses the trade….

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SDS (double short S&P)

99.51 9:22 am monthly –  extended up. weekly – met upside targets then moved quickly down to the down target of 86.95.  now in coslidation setting up the next move.  conditions suggest that move will be down. daily – bias long. in a pull back from the recent move down. trading in the channel between 87.88…

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SSO (double S&P)

22.26 9.02 am monthly –  have met down side targets. selling pressures hard down. weekly – divergences at these lows. pressures up. entry price 25.57 stp at the lows. daily – retracement bias long. previous entry price of 22.16 met the 1st objective of 26.92. next price objective 31.48. now in a pullback looking for a next…

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GLD (the gold ETF)

if there is worry about all this gov’t support creating tomorrow’s inflation, then gold is a fair measure.  i don’t think it will move too much till some evidence of more global economic stability;  can also watch the euro vs the dollar for that.  the dollar has been a safety trade away from other currencies.  if sentiment becomes…

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Gold Nov 16,2008

the gold ETF, GLD, has triggered a sell signal to 64.70 on the daily.  That sell signal would be void upon taking out the swing high at 76.39.  the weekly pressures are very over sold, so this is risky trade. short term – a trade below 72.48 would have a PO1 of 70.66.  A trade…

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