Thursday, April 10, 2014

Market update

Market update based on /ES & SPX
VST - Sell (based on current hourly chart)
ST - Buy (as of close yesterday)
IT - Buy (as of close yesterday)
LT - Sell
VLT - Buy
VST = hourly; ST = 4 hrly; IT = Daily; LT = Weekly; VLT = Monthly
These are my definitions, timeframes depends on volatility
Previous Gold update here . We are still nicely following the same trend, so I will post updates when trends change.
p.s: The earnings season is upon us. I would avoid earnings plays on individual stocks. I am not an earnings technician, I don't have the stomach for those gyrations. This is a nice time to trade the indices though, very manageable! Good luck!

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