Friday, August 17, 2012

market summary

Gold: bullish outlook. adding GLD if breaks above $158

Silver: bullish outlook. SLV above 30 day MA - adding

Oil: bullish - adding

Stocks: looking good. recovering from lows. pullback is due - not adding

Mexico: bullish - adding EWW if breaks above $63.85

Interest rates: 30 year at 2.71%. TLT pulled back - not adding yet

Currency: dollar looks like topping out in the short term.