Stocks rise, Gold falls
Posted in SPY, Gold, Stock Market, Daily Comment on Feb 1st, 2008
The stock rally continues, at least in the major indexes. I have been skeptical of this rally as trends are still down and short term momentum is overbought. In the S&P this is shaping up to be a very rare “V” shaped bottom, at least it appears to be on the chart. That spike pivot […]