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Trading Log:I am neutral on this. $SPY,$EEM,$GDX

Last week’s consecutive down days have been bad for the bulls, particularly those that seem to think that the uptrend is in tact.

not sure about what u guys think but for me we might see some non direction or a rebound here. Normal 5 days down days have been followed by strong rebound. Alot of technicians are speaking about the head and shoulders pattern. This points to a sustain downtrend. However, people making some short term shorts might feel this is a good place to take profit.

Same for the $EEM.Lower highs is never a good sign here. I am just wondering if this could turn out to be a continuation pattern.

The gold mining stock index, like the general equities market is also in a down trend. the oversold stochastic reading could bring a sharp rebound. im not sure if  i wanna trade that rebound.

Related posts:

1. Trading Log: Hang Men on the $spy and S&p500
2. UOB Gold and General – An underperforming fund
3. Trading Log:Epure Review
4. Trading Log:Olam Review – Wait till i sold of at a profit then congratulate me
5. Trading Log: Today’s Market Moves

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