Wednesday, January 18, 2012

Market Status 011812

General Stock Market, SPX, DJIA, COMP: Going up on low volume, not long-term or mid- term confidence here.  May peak shortly.

Gold: Going down on low volume, a consolidation in a long up-trend.  Looking for a bottom to but under $1500/oz to buy GLD and mining stocks.

US Dollar: Moving generally counter to the stock market and gold, currently worth holding as UUP but nearing support.

Euro: In an awful downtrend, shorting on the bounces here with EUO

Bonds: A hold as TLT, with a Stop Loss sell order in place


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