Signals & Opinions

Chart of the day:


http://stockcharts.com/def/servlet/SC.web?c=$GOLD,uu[h,a]daclyyay[dc][pb4!b28][vc60][iUk27!Lh14,3]&pref=G

Gold took quite a nice little hit on Friday and will now be searching for a tradeable bottom...

YI: -0.5

To a buy signal: SPC and the XAU hourly at 1 PM on Friday.
Now trying to bottom out on the daily chart: CHINA, MO, PPG and the YI
Extremely oversold here: MAGS
Moderately oversold now: AMAT, AMZN, BFLY, CY, NTAP, OEX index, SNDK, VIGND, and WY
Trying to hold on to some rising trend line support: CAT, GG, IRF, LSI, MDT, MEX index, MU, NEM, NVLS, PDG, PTR, SUNW, the XAU index, and XLK
Trying to hold on to falling trend line support here: AA, CSCO, NOK, and TKR
Now attempting to hold the 28 day moving average: CGI, HLR, HPQ, LU, and PLUG
To no position for now: ECA and PTR
To hold for now: NVLS
Now trying to break above some falling trend line resistance in the way: ABY, ALTI, EMC, EWP, GM, LMT, SEE, SLE, and WDC
Attempting to break above the 28 day moving average: EWI, FDP, MAT, SEBL, and TSS
Now moderately overbought: AC, ACF, and BA
Overbought now: CSTR, MDC, and SKS
Extremely overbought now: TIE
Now up against rising trend line resistance: CAKE, KMX, and the XAU hourly.
Possible top here: ELY
And of course as is always the case, any of these signals or technical analysis signals may be way off base.