2012-11-16 - Market update

SP-500

2012-11-16

• No rebound on MA200 last week (pink line) so we need to wait to see if it will stop to the DAILY fibanocci retracement of 61.8% (green line)

• Hold and wait to sell the rebound next week

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TSX

2012-11-16

• Wait to see the strenght of the rebound on the DAILY fibanocci 61.8% retracement (green line)
• Will sell more if the DAILY fibanocci 61.8% retracement is broken (green line)

GLD

2012-11-16

• Still waiting but need to have stabilisation in the main canadian sector (see next chart) before any investment in gold, but why not buy the GLD or physical gold

GOLD SECTOR

2012-11-16

• Wait to see the strenght of the rebound on the WEEKLY fibanocci 61.8% retracement (green line)
• Will start buying on the rebound

FIN