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I saw signs of a change taking place on Tuesday, so I sent out an intra-day report to quickly discuss some basic trade ideas until I could spend some additional time going over the charts and trying to piece some things together. This report is going to focus mainly on the changes that I have already witnessed taking place.
Read MoreWhat has changed since the weekend report? Really not a whole lot, except that the Miners were still lack luster on Monday ,while GOLD continues looking about as bullish as they come. I woke up, flipped open the laptop quickly on the way to get a coffee and honestly was surprised to see Gold up another $13 and looking like it wants to tag $1300. In Shock, I had to just sit down and run through the report that I wrote last night, reviewing charts of Miners that I had prepared, etc. Honestly, they are NOT believing this move in Gold. Look at GG for example, it remains at the lows...
So today, a quick review and we will discuss GOLD & THE MINERS AGAIN.
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QQQ - A Doji candle formed in the General Markets, however a Doji does not have to be a 'top' as we think of them. A doji can be a pause, as seen in Early May. Loose trailing stops have kept 'Longs' in the game.
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