All the major stock indexes rebounded hard on Tuesday, though they’re also currently making lower highs. If they confirm lower highs and make a lower low, that will turn them into official downtrends. The extra volatility could be an indication that the trend is shifting.

S&P 500
SPY (standard ETF) tested neutral again but bounced strongly back up 0.81% and now remains positive above $437.85.
SH (inverse ETF) tested neutral but then turned down and dropped 0.86%. It’s now negative below $15.

Gold was once again flat, but gold miners drove higher.

Gold
GLD (standard ETF) slipped 0.07% but remains just above neutral. It would stay positive above $169.45.

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The S&P 500 and Dow indexes slid steadily lower as the NASDAQ spun sideways.

S&P 500
SPY (standard ETF) decreased 0.21% to test its neutral momentum line. Any further selling would turn it red, as it’s barely positive above $437.50.
SH (inverse ETF) gained 0.27% and tested neutral. It’s on the brink to turning green but remains barely negative below $15.05.

Gold and miners remain indecisive now that they’ve returned to neutral.

Gold
GLD (standard ETF) slipped 0.12% but remains just above neutral. It would stay positive above $169.45.

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The major stock indexes did turn down on Friday, but they managed some damage control and resisted plunging hard.

S&P 500
SPY (standard ETF) fell 0.49% and is only slightly positive above $437.15.
SH (inverse ETF) gained 0.47% but remains slightly negative below $15.05.

Gold gave back Thursday’s gains but gold miners, while still declining, held on to more of those gains.

Gold
GLD (standard ETF) fell 0.79% and initially bounced off neutral. It remains slightly positive above $169.40.

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Stock indexes managed to turn in some modest gains on Thursday, but they’re all poised to finish the month with a bang to the downside, as futures markets nosedived as soon as the normal markets closed for the day.

S&P 500
SPY (standard ETF) rose 0.41% and remains positive above $436.85.
SH (inverse ETF) dropped 0.47% and remains negative below $15.05.

Gold and gold miners continued their upward acceleration.

Gold
GLD (standard ETF) gained 1.11% and remains positive above $169.25.

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The Dow and S&P 500 slid further on Wednesday, while the NASDAQ ended the day up slightly.

S&P 500
SPY (standard ETF) finished down 0.04% but remains positive above $435.90.
SH (inverse ETF) rose 0.13% but remains negative below $15.10.

Gold made its first move back up on Wednesday.

Gold
GLD (standard ETF) rose 0.50% and turned green. It’s now positive above $168.80.

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To varying degrees, all three major stock indexes pulled back from their highs on Tuesday.

S&P 500
SPY (standard ETF) fell 0.46% but remains positive above $435.25.
SH (inverse ETF) rose 0.40% but remains negative below $15.10.

Gold still hasn’t moved much, though its technical indicators are improving.

Gold
GLD (standard ETF) moved up just 0.17% and remains slightly negative below $168.85.

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The S&P 500 and Dow inched slightly higher Monday while the NASDAQ was flat.

S&P 500
SPY (standard ETF) rose 0.25% and remains positive above $434.75.
SH (inverse ETF) declined 0.27% and remains negative below $15.15.

Gold continued to do very little.

Gold
GLD (standard ETF) slipped 0.24% and remains slightly negative below $168.90.

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Both the S&P 500 and NASDAQ gained more than 1% Friday and rode the recent rebound to new highs.

S&P 500
SPY (standard ETF) gained 1.03% and remains positive above $433.55. Investors could wait for this volatility to run its course.
SH (inverse ETF) dropped 1.06% and remains negative below $15.15. Investors could wait for a return to neutral.

Gold continued to waver in consolidation mode.

Gold
GLD (standard ETF) slipped 0.31% and turned back to orange. It’s still just below neutral and would turn positive above $169.05.

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The NASDAQ pushed to retest its recent high while other stock indexes saw their momentum sputter.

S&P 500
SPY (standard ETF) rose 0.21% and remains slightly positive above $432.35. Investors could wait for this volatility to run its course.
SH (inverse ETF) slipped 0.20% and remains slightly negative below $15.20. Investors could continue to buy near neutral with a stop loss at $15.05.

Gold is reapproaching neutral after a small gain on Thursday.

Gold
GLD (standard ETF) regained 0.20% and turned back to yellow. It’s now right at neutral and would turn positive above $169.15. Investors could continue to buy near neutral with a stop loss at $167.50.

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Stock indexes extended their rebounds for a second day.

S&P 500
SPY (standard ETF) gained 0.81% and technically turned yellow, though it could easily turn down again. It’s slightly positive above $431.75. Investors could wait for this volatility to run its course.
SH (inverse ETF) fell 0.72% and temporarily turned orange again. It’s slightly negative below $15.25. Investors could continue to buy near neutral with a stop loss at $15.05.

Gold slipped a little further down even as gold miners saw decent gains.

Gold
GLD (standard ETF) slipped down 0.37% and turned orange. It’s now barely negative below $169.20. Investors could continue to buy near neutral with a stop loss at $167.50.

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Ryan Brinks

I’ve developed a stock trading system based on market momentum, Biblical and economic cycles that’s been very successful in beta tests (91% gains in 3 months).

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