sp'60min
GLD, daily
Summary
As for the new listings of Square (SQ) and Match (MTCH) .... urgh.
More nonsense, neither company of which actually creates anything 'real'. In the new US economy, its mostly about sifting pennies off existing retail transactions, and anything else in the online world.
Give me a company that manufactures something REAL ! Hell, even IBM would be better.
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notable weakness....
CHK -7%.. in the $5.50s...
The giant monthly cycle really shows the horror....
With commodities under broad downward pressure via the strong USD.... CHK is in serious trouble. Capitulation in the energy sector is coming. Not all of the familiar names will still be around by end 2016.