Thursday, August 4, 2011

GLD Trade is interesting

GLD is a safe haven trade, this is the second day n a row in which it has made new highs, just to give it all back, it's now trading close to flat on the day.

In addition, the 15 min negative divergence has added a huge leading negative component today.

This s strange action in GLD. I would expect an intraday bounce here close to the unchanged mark.

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