Sep 5 2019 - Bulls Back On The Attack

In yesterday's video we talked about how SPY closed just a few pennies above its 50-day SMA and noted how SMH was the first ETF to 'pop' above its own 50-day. Well, the rest of the 'gang' joined the party today as they gapped above their recent 'boxed range' and closed cleanly above their respective 50-day SMAs. The bulls have now retaken the daily technical trend.

Gold (GLD), Silver (SLV) and the Miners (GDX, GDXJ, SIL) were hit with some profit taking but (for now) remain bullish on the daily charts.

I also cover retailers like JWN, AEO, M, KSS, URBN, MIK, SIG along with MTCH's bearish engulfing pattern.

Have a fantastic Friday!

Ron

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