Tuesday April 29, 2019
A few items jumped off the pages of the WSJ to me today
Google drops 8% in one day in slower sales
Tesla frequently runs out of money now it is running out of time, the established auto makers are already producing electric vehicles that work and have dealership with mechanics and parts, something Tesla has never offered, TSLA has already dropped $60 B in capitalization, really interesting graph on page B1 today
Boeing still reeling from 7374 problems
Measles cases continue to rise
Gerry Seib - Impeachment Trap for Dems, I agree page A 4
Price swings jolt energy investors
GLD
The last two rallies failed to develop into anything but I am more hopeful about this one occuring at the 125 day level. MACD is slowly turning up. 121 was support in January and we had a slight over throw down right here.
GLD 2 Hour
This chart needs some follow through to the upside.
XAU
XAU broke above 71 back in January. If old resistance becomes new support as it should a stand right here at the 200 day MA would be encouraging. So far so good.
Comments