Each year around tax day I conclude that I should switch exclusively to trading futures. At tax time, the hassle associated with stock transactions (outside of a retirement account) is many times that of futures. Anyway, I survived.The rally in stocks in still intact. The trend of the McClellan summation index is up for both the Nasdaq and the S&P. The US dollar is still consolidating sideways. Gold might be forming a bear flag, but overall it is in the context of a larger trading range (TF). "Flags" which form within TRs are always suspect. My bearish slant in gold is based on the break of support in gold futures.
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