GLD broke long term resistance, waiting for it for bounce back from a oversold condition to enter a short. 120 looks like a good spot vs the gap fill and the resistance line of the trend break
Well your call is moving right so far... I think you're going to get GLD @ 120 on Monday with the movement in GOLD over the weekend.
Then if all the Senators are healthy enough to show up to vote... Then Funds should run even more out of GLD & the QQQ into Industrials VOO. stocks.
I took positions In the money Long for next week. And Short out of the Short the following week. Here's hoping McCain leaves his maverick costume at home.
Hope4Today9
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I'd enter sooner with news on the horizon... I don't think you'll get all the way to 120.
Then if all the Senators are healthy enough to show up to vote... Then Funds should run even more out of GLD & the QQQ into Industrials VOO. stocks.
I took positions In the money Long for next week. And Short out of the Short the following week. Here's hoping McCain leaves his maverick costume at home.