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GLD hourly has showng a bit of spring around the potential support. No shorts. Stay alert to longs here for hourly guys. Price like love is fickle. Gringo

A tear in a trade and you start looking for a patch Like a falling knife the blind so wants to catch Guard your principal; do all to prevent its snatch Don't need eyes to know when it's time to scratch

Ingenious isn't it! I am waiting for weakness to show its hand first.

BBRY. The dreaded blackberry seems to be showing strength on the weekly. It appears to have had held price in the vicinity of $5 and now is showing more staying power. The seems to be to stay alert around this $11 level which if becomes too much to break might indicate a trip back down...

GLD weekly shows a potential resistance around 130. GLD daily is flirting with overbought supply line. GLD hourly shows a demand line break and then a retracement taking place. A weakness here if it develops could be used for a possible short. The argument against the short is that the...

That wasn't bad Niko. At least you took the plunge and scratched as well. That's a pretty big improvement. At least you're trying to figure out the moves instead of panicking and kicking yourself for not getting in.

What I wrote was supposed to be a joke, and yes I knew what you were saying. I just, how do I put it, stretched the praise a bit, and added unnecessary information that was purely intentional. Db's lawyer has already contacted me for libel. Gringo

Huyang, I read you comment in chat about me being such an inspiration for you, and you almost falling in love with how cool I am. All I can say is just take it easy and you'll get there. You're building new habits. Once the habits are in place they are hard to get rid of. Imagine developing...

Here's the Dow Jones with a weekly view. Again an uptrend, but the price is below its previous swing high, unlike Nasdaq that is above and S&P500 that is at the swing highs. In other words the Dow < S&P < NQ in terms of strength. Gringo

S&P500 is close to the overbought territory, and there is also a chance of a double top. To be fair there is space to upwards but it would be prudent to keep an eye on the price around these levels. The trend is still up and the thoughts of shorts for now are premature, unless one is in the...

GLD has crossed the mid of this range. It is quite a large range. Are we to expect a bit of turmoil around the mid? It is quite possible. Maybe a few fluctuations and heart racing, adrenaline pumping jumps and feints. Or maybe nothing of that sort. From what I understand price might be...

You speak the truth my friend.

Here's is a chart of the long term yields. The down trend is intact but the yields are above the mean. They sure can go higher before the overbought supply line is reached. Gringo

Yes. Can someone ban this guy. He's ruining my reputation here. :D Gringo

Heroic, I don't know the future, so whether XLF will break up or not or maintain the upward stride is all up in the air for me. Keep in mind I am not trading these sectors but just using them for analysis. As for the duration of holding positions, time isn't a factor as long as it's moving...

Buying I do in two or three chunks but at times go all in if the risk is easy to identify. Exiting, is a bit tricky and after a strong run up I would exit half and play with the other. Keep in mind I also have to deal with personal demons so if I feel scared I just exit regardless of what the...

Here we look at the TLT (20+ year bond fund). Here it appears we have had a supply line break, then a retracement and a test, creating a double bottom, leading to a strong rise. Price has moved back a bit but might be an opportunity to hop on the long side. Now why on earth are longer term...

On popular demand here is the financial index (XLF). Notice the rise, the beautiful rise. Notice also the lower volume as compared to 2009/2010. Those claiming that price rising on lower volume is not a sign of strength might be right, but the price has gone up around 100% (11 - 22) on this...

The banking index is in a clear uptrend. Currently price is around the mean and might attempt to rise up to get to the overbought pink line. This is a weekly chart for the bigger picture. So far banking sector is strong, which usually means economy although may be scaring many, may continue...

Salute. :)