Will SPX's Monday Gap Hold?
MRKT Matrix
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Is This Going to Be a Great Breakout?
GLD has a one day implied move of about 8% or about $14 in either direction. It's really caught at resistance right around that $180 level, and then it's found support in that kind of 140 level. The reality is though, they've really failed a couple of times now over the last year or so in terms of inventory,. Their product mix doesn't really line up in the current environment that we find ourselves in., which is why they trade at a discount to Walmart.
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