The trend is the trend is the trend

That is the sermon for today.

Commodities have been the strongest uptrend lately (oil, metals, whatnot) and so when a buy signal comes up, say a simple 50/20 crossover on the hourly bars, that quite simply will tell the story.

Here's GLD...uptrend. So either buy more on dips or wait it out.






And USO (oil)...another firm uptrend...ditto, trading wise.




On the other hand , the treasury debacle that I have been hinting about for a while has come into full relief... big time downtrend in place...rates headed UP

EUR/USD UPTREND...still in place (Dammit, as I sit here in Europe as everything gets more expensive for me)...so either buy or wait



But the SPY is still tracing out a whippy consolodation...is this the top???

Not sure yet, but volume is still dismal, so if the name of the game is not losing money, I'm just going to sit on my hands until we get some clarity in the major average ETF's

Ta Ta for now. It is a cloudy day in the mountains and I'm going to practice for a while.