Gold and oil join stocks’ extended rebound
Jul 22, 2021
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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