Tuesday evening

Tuesday afternoon

We started with a bounce but it faded quickly.  Ben has been unable to inspire a rally.  His message seems a bit jaded or maybe it's just me.  Until Italy gets its votes together I think Europe will struggle and with nothing to light a fire under our market I think sideways is the best we can hope for and we are likely to get a lot worse.

JMHO

Tuesday morning

Gator's Chart of the Day: GLD

Gold appears to have found some support and the GLD shows that at 151.  You can see the high volume sell off Wednesday that has been followed by 3 up days.  I don't like buying on the 3rd day and I sure don't like it on the 4th so I will watch.  I hope to see a test of that recent low and maybe I can enter on a bounce.  If not then I will probably miss the move back to test the gap at 156.60.