Bouncing Back

After last Tuesday breakdown and reversal back into the trading range, the market is bouncing back toward the upper level of the trading range once again. Although the market is still in the down trend, the earnings report period that just got started could bring some upside surprises that could take the market back to test previous broken support level such as 1260 for the SP500 and 11600 for the DJIA.

Below are the charts for the market indice along with AAPL, GLD & SLV. Click on the chart to get a larger view.

DJIA:



SP500:



Nasdaq 100:



Russell 2000:



AAPL:



Silver ETF (SLV):



Gold ETF (GLD):