Technical Analysis

Gold down $11 Gold is in the midst of its worst day since November 9 as the momentum from the months-long rally fades. The January high was $1326 and that’s acting as support now with prices today down $11 to $1327. I warned about gold declines yesterday: I believe we’ve entered the final stages of
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Stocks doing well though The NA session has mixed data released and that is contributing to a lot of chop. Remember it is Friday too.  In the US: Empire manufacturing was better than expected Export/import prices were lower than expected Industial production and Cap. Utilization were both weaker than expectation Univ. of Michigan sentiment for
Nasdaq higher. S&P and Dow lower The major indices are ending mixed. S&P index is closing down -7.35 points or -0.27% at 2745.68 The Nasdaq is closing up 6.57 points or 0.09% at 7426.95 The Dow is closing down -104 points or -0.41% at 25438 Some winners today included: Netflix, +2.08% Cisco, +1.89% micron, +1.32%
Gains of 0.4% -0.5% for the major indices A snapshot of the major stock indices a minute or so into the opening is showing: the S&P index of 11.13 points or 0.41% at 2755.86 the NASDAQ index of 31 points or 0.42% at 7445.72 The Dow industrial average of 122 points or 0.48% at 25547