Market Timing Forum™: Do you believe the breakouts in the S&P 500 and in GLD (Gold) will hold?

The question is STILL relevant today! Please add your comments about whether you believe the breakouts in the markets particularly in the S&P 500 and in GLD (GOLD) will hold or not. I’ve entered a comment below. Scroll down to read it and add your own comment. I’ll be returning to review your comments and respond on Sunday. Thanks for your input!

all the best,

Dave

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2 Responses to Market Timing Forum™: Do you believe the breakouts in the S&P 500 and in GLD (Gold) will hold?

  1. SunAndStorm says:

    See today’s blog entry for my current view of the SPY (S&P 500). Leave your two or three cents below!

  2. SunAndStorm says:

    So far the S&P 500 has been able to move back above the critical 1131.23 breakout. It fell through there on Thursday and then recovered on Friday. Is that recovery real or just another fake-out breakout like the last one?

    And is gold really ready to break 1300 definitively or could it stop here and correct? I’ve been noting that the GDX MUST break out to confirm the gold breakout to new highs and it has NOT done so as of this Friday. Do you think that matters? Do you feel the gold breakout is real and gold is going to 1500 next?

    Leave your comments here!

    All the best,

    David

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