Wednesday, September 24, 2014

Sept 24 - Undecided

Scanning over recent data and I am leaning towards hoping to see some more consolidation so set up a move up.  I feel uncomfortable aggressively going long on a short term frame since we just busted a bullish post FOMC set up.  Mixed signals depending on timeframe but NYMO is issuing a decent intermediate term buy signal now.  IWM I am interested in going long but want to see how it recovers from the broken trend line.  Perhaps after this week/ month, there might be room to go up on a longer term basis.

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July 11 - GLD sucks

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