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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (51210)1/15/2015 7:08:58 AM
From: Logain Ablar  Read Replies (1) | Respond to of 68163
 
JC:

A painful few years but it appears the gold bottom is in. We just jumped over the resistance. Now we will have to see how the test of $1,240 support works out. TA wise it might have been better to backfill for a while but events trump TA with this Swiss move.

I have $1,255 as the 200 dma and $1,253 as the 40 week ma. I would expect we test these as the market usually frowns on gaps.

Tim



To: Johnny Canuck who wrote (51210)1/15/2015 4:34:30 PM
From: Johnny Canuck  Respond to of 68163
 
Profitable Ideas Each Market Day

LAST UPDATE:01/14/15 04:35 PM ET

December retail data shocked many market watchers, showing contraction over 2013 while November numbers were downwardly revised. The reports tell us the holiday season was a complete bust, most likely due to collapsing margins in the face of intense competition.