Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

GLD Violates Support


The SPDR Gold Shares (NYSE: GLD)’s violation this morning of support in the 99.20/00 area indicates that the high-level consolidation pattern between 100.00 and 99.00 has morphed into a deeper correction. The correction should press towards the 98.20 area, which represents the lower channel support line. Otherwise, the GLD needs to climb and sustain above 99.60/65 to neutralize the near-term negativity.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!