Market Recap

 

DJIND-W 8-27-2013

 

A closing today below 14806 in the Dow Jones Industrials will warn that we should see lower lows in September. The important support lies at 14450. A closing beneath this level will warn of a more dramatic decline of a serious nature.

NYGOLD-D 8-28-2013

In Gold, we need a closing above 1425 to signal a sustainable breakout. To actually confirm a change in trend we need a monthly closing above the 1698 level. The key turning point still appears to be January.