Tuesday, December 22, 2015

Dec 22 - Wobbly move up equities

Not much to note today.  Equities clawing up but I am leaning towards recovering towards a close around the gap.  GLD holding up fairly well even though it had printed a sell on the hourly.

HYG maybe be putting in a bottom.  The equities market needs this to happen for a sustained move up.

Looking to close longs around 50% retrace
 GLD still hanging in there.  Whether it ever blasts off is another question.
 USO may be setting up for a move.  The positive divergence is encouraging.

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