Chart of The Day

I almost put this chart up yesterday of AAPL but I was busy with other posts and chose GLD instead.  Anyway, it was highly probable to conclude that AAPL would fill the downside gap.  Today it filled it and held near term support for now.  Probably not a bad idea to place a stop on half the position  just below today’s low.

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Quote of the Day

“I can feel guilty about the past, apprehensive about the future, but only in the present can I act. The ability to be in the present moment is a major component of mental wellness.”
-Abraham Maslow
1908-1970, Psychologist

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Quote of the Day

“Tell me and I forget. Teach me and I remember. Involve me and I learn.”
— Benjamin Franklin

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Chart of The Day

A weekly chart of GLD shows the trend line continues to hold as of today’s close.  Decent support is in the 112 range.  Very near term support is at 114.

Is  this a RTF (re-test failure)?  A re-test failure occurs when an attempt at the old highs is made but fails to make new highs.

The answer is it’s too early to tell.  Stop is near support.

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Chart of The Day

Monthly chart on GOOG testing support again.

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