17 Nov 2014

Gold is bottoming, only question is duration

by | posted in: Derivatives, Equities, Technicals | 0

Improvement in gold’s price action in recent sessions Key will be if non-commercials begin to add to net long gold futures Looks to be bottoming, but still tentative; short GLD puts safe way to go for now Gold ($1,187.9) is … Continued

9 Oct 2014

Bulls have one more opportunity to take crack at resistance

by | posted in: Equities, Technicals | 0

Equity bulls and bears lock up horns in quest to dictate near-term direction Last week’s lows saved on major indices, amidst very bullish engulfing patterns VIX once again rejected at/near 17-18; one more opportunity for bulls to take out resistance … Continued