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OSS Nightly Update

|Includes: SPDR Gold Trust ETF (GLD), SLV, SPY

 

Nightly Comments

These are not recommendations.
Buy and Sell signals are sent to Option Signal Service subscribers.

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Tonight's Thoughts
  1. 8th Monday in a row that the market moved down. First time in a decade.
  2. IWM is at a significant double fib support area.
  3. SLV moves even closer to a triangle apex. Really getting squeezed between 26.10 and 26.50.
  4. VIX jumped up 26%.
  5. Our cyclical analysis of the VIX showed a move down from Aug. 2011 to a low in Mar 2012, then up through Aug. 2012.
  6. Our V-indicator for the week pointed to Monday or Tuesday having the largest move for the week, or at least a 3-digit move in the ^DJI. I think today was a hit for this highly accurate indicator.

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Stock Watch for 7/24/2012
Symbol Trade
ATML LONG
BBY LONG
DELL LONG
HD LONG
MA LONG
SBOX LONG
TXN LONG