Support lines getting tested right and left, XJO on 4500 as well and is it just me or do I see RSI double bottoms everywhere, in SLR's case slight MACD divergence on histogram. Friday's strong white candle on strong volume after initial gap down together with positive macros = good ST trade IMHO.
Gah I'm overcommitted to gold already (15-20% of my portfolio) and I picked up some more SLR at 99c recently (picking bottoms again, newbie mistake lol) and PRU as well @ 170s. But tempting to load up some more on open if I can get some in the low-mid 90s.
Should be another Monday rally esp if Europe issues the bailout announcement. You gotta wonder when the music will stop.....
SLR Price at posting:
92.0¢ Sentiment: LT Buy Disclosure: Held