Levels To Watch On SPX, RUT, IYT

Good Morning Again! Here are the levels I am watching on the S&P500, the Russell 2000, and the Dow Transports ETF (IYT). SPX Support: 1320, 50 day moving average (yellow line), 1310, 1300.   SPX Resistance: 1340, 1345.   I still see a potential final SPX upside target somewhere between 1380 and 1450. RUT Support: […]

Gold (GLD) Breakout

The GLD broke above $141 this morning, triggering a buy signal on our end.  On the weekly chart below note the steady upward movement over the past few months (and obviously years as well) with nice consolidation periods here and there.   On the daily chart note the consolidation pattern that started early March and […]