On AMEX - Another up week of trading on the back of strong gold performance.

NAK sp banging against the upper BB for the last three days, after blasting through the 14 Day Moving Average a couple of weeks ago. Now 14 day is following just below sp. SP ending the week staying above the big move of this past Tuesday when the Bulls ran up sp, which is a good thing... but can it hold. Bollinger Bands have tightened up and may be a signal of some consolidation upcoming in the near future. 50 day MA has been in a slight downtrend that looks to be flattening. OBV has been somewhat flat for the last few weeks despite the rise in sp, although there is an ever so slight uptrend in the OBV for the last week or so. Stoch has turned to Bear mode, and Mac shows Bullishness. RSI is just about at mid-point and neutral.

Of course, there may be more sp upside fuel from the gold run from world events. As always, news will trump the technicals. Lots of stuff, pretty much not so good, going on in the world stoking the already strong gold run. Oil topping $110 may not be a good thing for the US Market.

Be aware that at some point, stocks will likely suffer from world events and the run to gold. This may eventually include the junior miners. Always good to have a somewhat tight stop-loss order in place, no matter what, in this Market. Wanna keep those gains and not give them up.