Blogs

Below is a daily chart of GLD, the ETF which tracks the price of gold in U.S. dollars.

We see a break of the intermediate-term uptrend (green line) in July, followed by a re-test of that trendline from below in August on lower volume.  So far this is normal movement which typically resolves downward.    

The August 29th issue of the TREND letter has been sent to subscribers via email.

In our August 26th issue of the TTT, the suggested entry price for the "Technical Trade" was mistakenly listed as $27.10 but should have been $37.10 

All apologies, and no harm done we hope.  We're learning an embarrassing lesson for buying a laptop computer with a smaller than normal-sized keyboard.  Neither level has yet been triggered and the error is obvious in context of the commentary and suggested exit point & risk levels. 

ASPEN, Colo.--Intel Chief Executive Officer Paul Otellini offered a depressing set of observations about the economy and the Obama administration Monday evening, coupled with a dark commentary on the future of the technology industry if nothing changes.

Please be advised that a new issue of the TREND Technical Trader has been sent to subscribers on the evening of Thursday August 26th. 

There is a very interesting pattern shift happening with the US dollar and gold. Previously, gold would act in an inverse manner to the US dollar, meaning that if the US dollar was declining, gold would rise. On the following chart we demonstrate this pattern in the blue box. In that box we can see how as the US dollar started its massive decline, gold moved in an uptrend. Then in 2008, the dollar rallied strongly while gold declined.

In late March we commented in this blog regarding an imminent move in interest rates and the effect this might have on the markets. 

In these two YouTube videos, motivational speaker Anthony Robbins issues dire economic and stock market warnings. 

http://www.youtube.com/watch?v=Z_rShZA_IjE&feature=player_embedded

http://www.youtube.com/watch?v=LZuJqrcwrEU&feature=player_embedded

Since our last update a week ago in this blog the DJIA remains in a downtrend and is bearish per key technical indicators, and is in the red for the calendar year thus our in-depth study from last issue remains valid and is the basis for our current outlook and positional balance. 

Here is a partial recap of key open positions, per the entry & exit levels suggested in TREND Technical Trader :

1/2 DVT long + 20 %  Remains in a long-term uptrend and well above our stop loss level.