Tuesday, December 22, 2009

Weekly view of SPY, GLD, and UUP

The SPY continues to go higher on the weekly chart with no sign of letting up. Long term sentiment remains bullish. Click on image to enlarge.

A top in the GLD can be seen to have been put in the last week of November on this weekly chart. Note the Doji-Shooting Star candlestick pattern that marked the top. Click on image to enlarge.


I use the UUP as a proxi for the US Dollar. The weekly UUP chart shown here made a tweezers bottom the last two weeks of November. Click on image to enlarge.

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