$SPX 60 Minute: Nothing has really changed. We need to move below the channel, but definitely below 1,155 for better confirmation a top of some kind is in place.
$SPX Daily: Market put in a little Doji today, a sign of indecision. Price is below the middle pitchfork line and just above support.
My Watch List
GLL: A solid up day. You'll notice it traded right up to the first down trend line. Above that, and the bullish case gains strength and maybe we add to our position. MACD is just getting started.
GOLD: Stock is clearly pushing below the lower Bollinger Band and closed on the blue uptrend line. Both the MACD and RSI have more room to support lower prices.
NEM: Stock is pressing below the lower Bollinger Band and the uptrend line. Looking bearish and the RSI and MACD have room to support lower pricing.
COH: Stock still grinding on the support lines. Bollinger Bands really pinching tight.
NKE: Bearish divergences in place, just waiting for price to roll and confirm.
UNP: Tried really hard to sell off today but closed on the blue uptrend line
OSIS: Will it or won't it. It's just grinding lower while the MACD drifts lower.
From My Trading Desk: Today we closed out shorts on both GOLD for a 4% gain and NEM for a 3% gain. All in all, not bad work. I closed them because they got over sold on the 60 minute time frame and I wantd to reduce my positieons a little. Taking gains and having cash never hurt anyone.
Happy Trading.
J.D. Rosendahl, Rosey