Comments on: Stock Market & Gold Analysis 5-31-17 (video) https://rightsideofthechart.com/stock-market-gold-analysis-5-31-17-video/ Stock Trading, Investing & Market Analysis Thu, 01 Jun 2017 19:53:46 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/stock-market-gold-analysis-5-31-17-video/#comment-3525 Thu, 01 Jun 2017 19:53:46 +0000 http://rightsideofthechart.com/?p=182367#comment-3525 In reply to morrienelson.

Will do. The big level for me is the 22.94 area on XLF. That has defined the bottom of the recent multi-month sideways trading range in XLF & has acted as support on numerous occasions going all the way back to mid January. Most intermediate-term trend indicators remain bearish on XLF but we need to see that support level give way with conviction for a decent sell signal. Otherwise, trading the financials within this trading range is like trading the broad market lately (also in a range); very difficult as swing traders need a trend (up or down, not sideways).

]]> By: morrienelson https://rightsideofthechart.com/stock-market-gold-analysis-5-31-17-video/#comment-3524 Thu, 01 Jun 2017 13:11:01 +0000 http://rightsideofthechart.com/?p=182367#comment-3524 Good Analysis Randy; watch XLF and GS as well. Both broke down yesterday and XLF has had multiple tests of support at 23. That needs to break to get the momentum to the downside going.

]]> By: schooner https://rightsideofthechart.com/stock-market-gold-analysis-5-31-17-video/#comment-3523 Thu, 01 Jun 2017 02:30:20 +0000 http://rightsideofthechart.com/?p=182367#comment-3523 Nice recap. Good point about the thin zone on TLT. Thx

]]> By: GetItRiight https://rightsideofthechart.com/stock-market-gold-analysis-5-31-17-video/#comment-3522 Wed, 31 May 2017 19:55:08 +0000 http://rightsideofthechart.com/?p=182367#comment-3522 We can’t have the last day of the month a loser, now, can’t we? They brought the indices back to unchanged, even IWM from a 1.2% decline.

]]>