sp'60min
Summary
With price action relatively stable, indeed, there can be NO excuses today.
Everyone has had the chance to exit or (boldly) take new long/short positions. Personally, I think the latter is just overly risky..for both sides.
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*I remain more than content to be a mere spectator today.
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Time for lunch...and get refuelled for the busy afternoon.
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Gold update from Dr J.
stay tuned
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GLD, daily
There is clear upside of 35/40 by the close of today, with downside snap level, $25 away.
If I had to guess which way it'll go, then I think...UP.. along with the main market, but I sure won't risk trading it today!
12.03pm.. R2K is very weak right now, -0.6% It did have a very strong run though, so maybe its just cooling off a bit.