Index ETF and SPDR returns for May 14

Disclaimer: Long position on GLD, short position in SPY and XLF.

SPY, QQQ and IWM

SPY, which closed almost at the bottom of the trend channel yesterday moved back into the channel today. The trend break still not confirm yet.



Both QQQQ and IWM have not only broken their trend lines, but also were unable to hold above the short-term supports just before the close.

Disclaimer: Short position in SPY.

Index ETF and SPDR returns for May 13

Disclaimer: Long position on GLD.

Inverted head and shoulders in GLD.

Going through the daily chart of GLD, it just dawned on me that there is an inverted head and shoulders pattern. Since the price prior to the left shoulder was below the shoulder and it had a huge run up to the shoulder, I am not sure if this could be considered a valid tradable pattern.

Disclaimer: Long position on GLD.

Index ETF and SPDR returns for May 12

XLF has been the worst performer for the second day in a row among sector SPDRs.

Disclaimer: Long position on GLD.