5/2/14 Update

Commentary

The Dow Jones Industrial Average was down 46 points or 0.3% to 16,513. The S&P 500 was down 3 points or 0.1% to 1,881. The Nasdaq Composite was down 4 points or 0.1% to 4,124. Market volume was slightly lighter. Market internals were mixed. Gold Miners led up 2.2% while Utilities lagged down 2.1%. 

Analysis

DJIA: Short Term Trend: Up; Intermediate Term Trend: Up; Long Term Trend: Up
S&P 500: Short Term Trend: Up; Intermediate Term Trend: Up; Long Term Trend: Up
Nasdaq Composite: Short Term Trend: Up; Intermediate Term Trend: Down; Long Term Trend: Down

Trade Ideas

I like the Gold Miners (since 4/1/14) through symbol GDX and the U.S. Dollar (since 4/28/14) against the Swiss Franc currency pair USDCHF.

Charts