A Couple of Setups

With all the news out of Europe, the market is having a hard time finding direction. I am currently looking at GLD and SLV as their price action is forming clear patterns that are about to resolve one way or another. My bias is that both will resolve to the down side to meet a more sustainable long term trend. But my job is really to trade what the price action dictates. So I’ll wait patiently for confirmation of a break in either direction and trade any followthrough.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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