I think it's fueled by UNG....

Posted this last week, I believe.  This is for silver.  Same would apply for gold, I expect; certainly does today.  Sell at the open and buy at the close far outperforms buy and hold.   Not for everyone's style, including me, but if I'm adding to positions, I do it at the close and if I'm trimming, I do it at the open.  

Silver leaking oil; SILJ looks like it's bear flagging.  

LTCN... wow, from $450 to $25; a 95% plunge in under 3 months.  Amazing.  Congrats to anyone who shorted this and let it run.  Volume has spiked so maybe this is the capitulation.  Not playing it, just watching with amusement.

/CL had a hard reversal the past few days and is coming up against the middle BB on declining volume.  Trimming and taking profits in DUG, DRIP and ERY when I posted earlier in the week allowed me stay in them.  The 9EMA is holding on all 3.  If /CL gets rejected at the middle BB, those trades should perform well next week.  If /CL powers on up, I'll be stopped out but still profitable.  Tough trading these days....

Silver... Interesting chart comparing different buy/hold/sell strategies.  Buying at the close and selling at the open produces dramatically better returns than either the reverse or just holding.

Looks, er, pretty beerish....

Oil getting drilled.  That diamond made for a nice trade.  DUG, DRIP, ERY.  Will take a little profit here, but that's an ugly candle and nothing else about this chart says bottoming.  We'll see if it can go to $62 next.

DIS... no news that I found.  What I do see - and this is something I've worked into my own strategies/plans - is when there's a big volume day like there was on Monday, and volume wasn't building leading up to that spike, I tend to monitor for a few days after to see if price comes back down for a better entry.  Others here may have better explanations, but those look to me like some institutional buyer went on a buying spree and didn't care if their own demand drove up the price.  So after the buying spree ends and there are no other buyers up there, price pulls back to where the buyers/sellers were previously.  Long-term, the volume can be a bullish indicator, but some pullback is logical if price spiked with volume.  

Speculating a little, too... I've noticed on many charts that the alogs get happy when the 9 crosses up over the 50.  Not guaranteed, but happens a lot.  You get a price spike followed by a logical pullback or consolidation.  Alone it's not a buy signal for me, but when other indicators align, I love getting an entry just as the 9 is about to cross up and over.  

Thanks.  One of the many things I've learned here.

KL gold stock... I've posted this a couple of times recently for the IHS pattern, which I still like.  Was monitoring for an entry and almost bought yesterday but noticed the rising wedge (better seen on the 30min) that is now playing out.  Longer-term, still looks good.  Wedge target is around $39.95 which roughly corresponds to the 200MA, so a move down to that or the middle BB would get me interested in a buy.  (Edit:  had wrong price target.  fixed now).

/CL... diamond topping pattern playing out.  It did bounce off the 50ma today, but if that lets go, a whooosh down to the $61.80 area seems likely.  DRIP, DUG, ERY.

+1000 TICK pullback... Interesting observation; thanks for sharing.  How far back have you studied?  Asking because, if I understand correctly, I see on Jul 1st and 9th that it exceeded 1000 and both were trend days.  I haven't looked farther back but will over the weekend.  

Lumber getting taken to the woodshed....

I like FinViz for a consolidated visual snapshot of the markets.   https://finviz.com/map.ashx?t=sec_all

KL and AEM looking interesting, too.  Posted these a while back as potential IHS patterns.  Starting to play out.  Of the two, KL looks better to me as it's already cleared some overhead resistance.

GE retraced and tagged its BO support.  Monitoring, not buying - went mostly all cash before leaving for vacation and will stay that way. Market too messy to trade while traveling.  Apologies for clunky chart - posted from mobile phone. 

Interesting post from another site I hang out on; may have been posted yesterday:

The Nasdaq Composite closed at a 52-week high today, something it's done 1,080 times since 1984.
 
On those days, an average of 50% of stocks on the Nasdaq advanced on the day.
 
Today, 31% of stocks on the exchange advanced. That's the lowest out of all those 1,080 days.

GE - looking good

VIAC looking good coming off a bottom, too.  Starting to pick up some volume as well.