Same Game Plan: Long Until I'm Wrong

Same story...well sort of. Oil may be back over $100 and silver & gold continue to rise but not much has changed since my last blog post. Yeah I understand it's been over seven weeks, but it's still a similar picture.

Not the greatest volume this week Friday; but haven't Fridays been low volume days for a while with most traders are absent?

INDU: Back above 12,000 looking good higher.

SPX: RSI back over 50 again and the 1300 dip was bought. Its sitting slightly above the 18 EMA but the market has been quite susceptible to the news so it could chop for some time.

COMPQ: In early March the pullbacks to the 50 day moving average were bought. On Friday the Nasdaq closed right around the 50 day moving average.

Enjoy the weekend!

Disclosure:I have no positions in any other stocks mentioned here at the time of writing.