WEEKLY MARKET DATA: DEPARTURE FROM RECENT TRADING PATTERN OF GOLD AND SILVER $SPY $GLD $SLV $DIA $GE $MCD
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
FOUR DJIA COMPONENTS REPORT BELOW EXPECTATIONS
October 19, 2012
Three DJIA components MSFT, GE and MCD report lower than expected earnings or projections. Market seems to be surprised but this is not a surprise to us. Our models have been anticipating lower earnings.
Any market downturn will be an opportunity as it will allow us to accumulate long positions at cheaper prices and take profits on current short positions.
Gold futures are at $1738, silver futures are at $32.59, and oil futures are $92.89.… Please click here or the title below to read more.
October 19, 2012