Posts Tagged ‘ GLD ’

Get On Board the Gold Train

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Market Update

I’ve been slacking on the technical analysis side of this blog lately, mostly because putting all of the charts up here really is time consuming, and it’s far easier to just upload them to Chart.ly.  If you read this blog for the technical analysis aspect, or just the general market commentary, please make it a [ READ MORE ]

Narrow Range

Quick post tonight, but I want to comment on slew of different stuff that I’ve neglected to speak about. We closed a penny away from VWAP on the $SPY today, no coincidence.  Today was the epitome of wait and see, traders are playing some serious chicken.  Don’t be the first to move, wait for the winner [ READ MORE ]

Gold and Materials Update

Materials are running, there’s nothing secret about that.  Let’s take a quick look at where we are. We are now at a critical juncture in the materials sector $XLB, an area that has acted as both support and resistance on several occasions.  It’s amazing to think that the sector has now retraced the entire collapse [ READ MORE ]

The Gold Trade

http://leighdrogen.com/files/2009/12/longgold[ READ MORE ]

A Technical Cross Roads

I find it interesting how technical patterns often come to a point of resolution as major fundamental news is released.  This is true for assets across the board.  Tomorrow’s FOMC announcement once again comes as we are at a cross roads in several different assets.  Tomorrow’s announcement will kick off the next leg in several markets, [ READ MORE ]

Stock Picker’s Delight

The market has gone absolutely nowhere in over a month, oscillating around a rising 20 day moving average.  While the broader indices continue to churn, some excellent setups to both the long and short side have revealed themselves.  Instead instead of focusing on the direction of the overall market tonight, below are a bunch of the best [ READ MORE ]

Weekend Reading

Oh what a week it was in the news, the market on the other hand, ehhh.  We continue to trade in a range between 1113 and 1086 on the S&P 500, now back above the 5 day moving average at the close today.  What’s nice with the chop though is that issues are moving independent [ READ MORE ]

Late Night Comedians Do Finance…Kind Of

I’m watching some late night television, I love John Stewart and Steven Colbert.  Frankly, John Stewart has more credibility than MSNBC, CNN, and Fox News combined.  Sadly, you’ll find more real news during this hour of television than you’ll find all day on cable news.   As a writer and performer Steven Colbert is far and away more [ READ MORE ]

Hugging My GLD Like a Teddy Bear

While everything else continues to chop around, fail breakouts and mean revert, my gold position in $GLD continues to work.  Is it making me mucho deniro, not really, i was unfortunately loaded with equities at the time I took the $GLD position and didn’t add more than one lot on the breakout.  Since that breakout in [ READ MORE ]

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