Strong Bonds & Weak GS

“I realized that becoming a master of karate was not about learning 4,000 moves but about doing just a handful of moves 4,000 times.” — Chet Holmes

I’m not seeing this market today as a strong one.

Stocks aren’t acting great on earnings so far and charts are looking for at least more pause in many cases, or a further fall.

Gold and silver continue to look great and should continue higher anytime so that remains where my positions are focused.

SPY is holding the 232.50 area for now but it’s not yet above 235 which would be positive.

Let’s see how it goes.

Bonds are strong, which often means stocks weakness and GS is also a tell for markets many times and it’s not acting great at all after earnings.

These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my ...

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