The markets are somewhat extended given the 8.4% surge from the August lows. We are testing multi-month resistance and consolidation (backing and filling) is constructive. No worries as long as we can hold the 200 DMA on a closing basis.
The semis have participated nicely this week, giving the QQQQs leadership over the SPY.
Gold broke out with volume today, but the profit taking into the close leaves me tentative. I had planned to hold some of my GG day trade overnight, but changed my mind as prices started to swoon with volume into the close.
TLT - Looks like a successful test of support and the trendline.
$USD weakness vs. Euro strength.
PRGO broke out of a multi-month base. Yesterday, I saw it ripping on the Trade-Ideas scanner intraday. Today I had my alert set for a break of PDH. I'm holding half for a swing. Target resistance - upper blue line.
Tidak ada komentar:
Posting Komentar