look at that turn around, the semis are getting knocked down on TXN earnings last night, been following SMH which is the semi ETF, and what do you know, its well off its lows only 30 mins into trading, was off $1.00 now now off about .65 cents....gotta love risk free markets, they are trying to get the semis up and running so the nasdaq can go green and start its rally for the day... UPDATE NASDAQ GREEN S$$$$P bright GREEN DOW soon to be green in about 10 mins or less
To me it looks like some are positioning in Gold for stock market retracement. Of course I may be mistaken, it certainly looks that way. Of course if stocks continue the uptrend, then Gold ought to breakdown out of its current range.