Stock Market - Afternoon Update
It's about 1:00pm eastern time as I write this so the market is still open. It looks like the stock market is forming an inverse head and shoulders pattern. I'm beginning to buy some stocks here. I'll have more after the close.
Posts
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
3 comments:
Kevin,
HGX has been outperforming SPX the past couple of days. Also MACD is about to crossover and give a bullish signal on HGX. I think buying home builders here is not a bad play if you think we should rally in the next few days.
Kev...I love your blog, but inverse H&S? I see a definitive H&S formation for a breakdown below 1040.
Don't see the inverse at all...
kevin
Thanks for the more frequent blog posts lately. Been very helpful.
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