daytrading oct 16 morning

Good morning traders

Thanks Highlandlad , thought I might expand a bit on the gold segment of your report with a chart.

The 1 % fall in the gold price overnight failed to affect the HUI very much, only marginally down 0.04 % .

Gold is currently at a horizontal support level which may prove to be a neckline if a H & S pattern plays out.

A number of commentators noting the price is looking a little stretched at this point , especially if the US economy shows signs off life .

An interesting juncture and I am sure the gold bugs are still looking at $ 2000 / oz by years end.

Check your open orders and good luck.