2012-11-24 - Market update

SP-500

• Rebound under MA200 last week (pink line) now we need to wait to see if it will stop to the DAILY fibanocci retracement of 61.8% (green line) and the MA50

• Hold and cover your long if we got rejected at the MA50, for aggressive trader possible to go short for the next leg down
  
  
  

  

  
  
  
  

TSX

• Very good rebound last week on the DAILY fibanocci 61.8% retracement (green line)
• Now it's time to cover some long and wait to see the next direction

GLD

• Nice breakout on friday on very low volume so be carefull.  Also we are at the DAILY fibanocci 61.8% retracement - Oversold in daily, weekly and monthly ...

TLT - 20+ treasury bills

• Very nice technical setup i'm getting long monday with a stop under 124$ and a first target of 127$ (next week) second target of 133$ (3 months)

FIN