FXP is another I like long

and another that broke support last week. This break of support in this case, is something we see more and more often. It traps short sellers and allows locals to grab shares on the cheap. Any breakout-like GLD, we have to watch as the potential for these being these types of false moves I'm talking about are very high with all the HFT trading manipulation. Here's FXP

FXP breaks a very obvious channel-that's the key to these false breaks-they are ALWAYS obvious to technical chart readers and because most have failed to adapt to the new dynamics of the market, they get caught on the wrong side of the trade, it only helps the locals' position.

Again, a very positive divergence on the break suggesting accumulation. Watch for volume to increase as price moves into the channel around the white box.