US Equity Market Outlook, Jan 18, 2016 (video) Near-term & intermediate-term outlook for the U.S. equity markets including key support & resistance levels as well as some near-term bounce targets. 0 Related posts: GLD, GDX, QQQ & SPY Outlook Stocks Bounce Off Support, Close at Resistance Market Update for Feb 18, 2016 (video) Market Outlook for the Week of Jan 25th Near-term Outlook For US Equities, GDX, GLD & SLV (video) Jan 18, 2016 7:12pm|Categories: Equity Market Analysis|Tags: $NDX, $SPX, QQQ, SPY|3 Comments You are welcome to share this! FacebookTwitterLinkedinRedditTumblrGoogle+PinterestVkEmail 3 Comments Kstellish January 19, 2016 8:01 am at 8:01 am What’s your thoughts on the GLd, the miners and USO? 0 rsotc January 19, 2016 11:04 am at 11:04 am GLD still looks ok for now & is currently testing a support level while trading only slightly down today. Once again, GDX seems to be ignoring this by trading down sharply. A reversion to the mean should begin soon with either gold selling off to follow the miners lead or vice versa (miners rally & play catch-up to GLD). Today’s sharp move down in the miners appears to be that wash-out move that I discussed in the recent video, i.e.- this selling is the result of a solid break below the 12.90 level which has likely triggered a lot of stop-loss orders on GDX, many individual miners & the leveraged mining ETFs. The fact that SLV is trading up over 1% today helps support the case that the sell-off in the miners today is more likely due to that support break & stop-runs/capitulation selling than anything else. USO charts & updates to follow soon but in a nutshell, the case for at least a near-term reversal/rally can still be made as of now 0 Kstellish January 19, 2016 5:44 pm at 5:44 pm Thanks Randy. It’s been a little tough to watch the last few days. Feel better about the case for GLD than USO, though. USO Is hanging on a cliff. 0 Comments are closed.