Tuesday, May 24, 2016
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,862 Blog Posts

The Hangover


This is the slowest non-holiday session I can remember in quite some time, in terms of both price action and volume.

The market appears to have a long weekend hangover, as the indices are drifting and only a few standouts like Zillow are moving with any kind of energy.

Silver continues to drag down the metals and miners, though the GDX Is fighting like a champ to hold $23 as we speak.

Also keep an eye on the sugar ETN to see if the major support trendline holds, seen on the daily chart, below. If so, we could finally see a secondary push higher.



Email this to someonePrint this page
If you enjoy the content at iBankCoin, please like our Facebook page

One comment

  1. Patrick

    GDX components ABX, AEM and AUY all pretty nasty of late due to merger/acquisition deal or talks.