Thursday, May 23, 2013

Clear OUTSIDE DOWN (Wide Range) DAY for the S&P500......will it matter?

S&P500 Daily Close @ 05/22/2013
Nearly ALL sub- indices have witnessed the same Outside Down Day as the benchmark S&P500.
Only the Transports 'failed' in scoring a new high & reversing sharply.
Furthermore; GOLD took a peek above $1400...nearly fainted & is now vulnerable to another test of the $1300/20 'ledge'.