Monday, July 5, 2010

Gold ETF - 5/7/2010

There's still no decisive move by the Gold ETF. The RSI is sitting on 50 and the MACD is still above Zero.

It is in a sideways consolidation - so you get weakness on indicators like the Slow Stochastic and the MACD which are momentum indicators.

Volume was also slow on this stock - not as bad as the general market - but not healthy.

S0 - patience - we'll sit and wait.

Cheers
Red

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