Charts Of Interest

GLD broke its trendline last week and retested that line earlier this week and is now heading lower again. There is no reason as of now to be trying to pick a bottom.. I'm on the sidelines for now awaiting some kind of setup to buy.


The reits continue to be my big trade for the month so far as the reit index fell almost 2% today. I still think there is more downside coming



Just yesterday I posted that crude oil might be making a short term top for various reasons, well today oil prices fell sharply. I shorted oil (USO) early this morning and I'm looking for a move down below this month's low.



Two days ago I bought IWM around the open and got out today at the close for a loss. Looks like that was a false breakout or bull trap and when I see that kind of action taking place I am quick to get out!