Gold has another bad day, chart looks terrible right now. I still have a long term bullish bias towards goal because of macroeconomic factors. If I did not have that bullish view, it looks like a short in here with the failed rally to bring in another wave of would-be-bulls.
TXN Texas Instruments narrows their guidance and the stock gets hit. The long term chart has that amazing breakout from a five year base. It isn't often that a stock bases for such a long time, and because of that I'll give it some more rope.
Market is sending mixed signals. Bonds are still leading the way lower. Big name leader stocks such as AAPL, AMZN, GOOG have not capitulated. It is difficult for me to believe that the leaders will not get hit before this is over. If they don't a rally back to the just made highs would be a low risk shorting opportunity.
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