Market Breaches 2009 LOW!!!

Discussion in 'Trading' started by shortie, Aug 8, 2011.

Best SPX GLD Trade for the Next Few Month?

  1. Long SPX Long GLD

    3 vote(s)
    33.3%
  2. Long SPX Short GLD

    3 vote(s)
    33.3%
  3. Short SPX Long GLD

    3 vote(s)
    33.3%
  4. Short SPX Short GLD

    0 vote(s)
    0.0%
  1. m22au

    m22au

    Unfortunately Stockcharts doesn't have a symbol for brent oil, and NYMEX $WTIC is unreliable because of the recent delivery problems causing it to trade so much lower versus brent.

    The BNO etf is only a recent invention, and that chart doesn't go back to March 2009.
     
    #11     Aug 8, 2011
  2. Tsing Tao

    Tsing Tao

    LOL!
     
    #12     Aug 8, 2011
  3. a while ago tradingjournal asked about how other sectors appeared when normalized by Gold. Here are IWM, QQQ, XLE. These are the charts for those of you who may have some theories about this. XLE looks like SPX in that it breached 2009 level, but QQQ and IWM are still slightly above.

    Why would quite different indexes look similar at this juncture? I smell some important implications here, but I don't know what they are :)

    [​IMG]

    p.s. I love potatoes :)
     
    #13     Aug 8, 2011