Nasdaq has found some support right below 2100, at the level that I identified previously.
Gold is at a medium term support line. If I have the courage of my convictions, this 42 might be a good level to pick up the gold ETF, GLD.
USD continues to bounce up. Long term chart shows that after each decline, it recovers to at or below the level of the penultimate low. If that pattern holds, I'd look for the USD to climb to about 84.5-85 or so before it declines again. If it breaks 85 solidly, maybe the long dollar decline has halted.
TIP, the TIPS ETF, is slightly below the uptrend line. Will it hold?
I haven't identified much other than GLD as a possible play today.
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