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Thursday, April 2, 2009

Trend Analysis

Today I am posting S&P 500 (SPX) index, Gold, and GDX (gold miners).


The S&P 500 (SPX) is valued about the "middle" between the recent low, and the highs of early January. Notice the 200 moving average is on a course to meet the S & P valuation sometime in the next couple of months, which is the target.

S&P500 (SPX)
From WebSurfinMurf's Financial Blog


Gold and Gold miners have some interesting resistance levels. The Gold Miners (GDX) clearly has a resistance level around 43, both from previous highs and previous lows.

Gold itself is actually a good buy here, unless gold breaks below the lower red trend line. In general gold is on an upswing. So even though I am a little skittish on gold, "the charts" show decent room for GDX to move up to 43, and Gold in general trending higher.
*WARNING* Any break below the trends depicted is a sell

Gold (GLD)
From WebSurfinMurf's Financial Blog


GDX
From WebSurfinMurf's Financial Blog

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