Today’s action slammed both bulls and bears… more than once!  It was another rough trading day, which can be expected during the summer months of low (relative) volume.  Let’s view some of the price structure trades that could have been taken, in an effort to familiarize ourselves and trade more appropriately next time.
Let’s use the […]

Gold prices and the Gold ETF (GLD) broke an interesting descending triangle early this morning that I wanted to highlight to you.
GLD 5-minute chart (StreetTracks Gold Trust Shares):

Price began the day with a morning gap that was almost instantly faded for the opening trade.
Price then rebounded off Friday’s close and the 50 period moving average, […]

With a new week upon us, let’s take a quick look at where the major US Indexes stand.
Dow Jones:

The Dow has violated its 200 day moving average, and volume has accelerated as price has fallen through June.  Price also has formed a new momentum low on the chart - in real terms, this means that […]