TA Spotlight: Amex Gold Bugs Index

The Amex Huey continues to to wrestle with the support zone. The 12/02 power down trend (PDT) was broken last week. This is constructive, but traders will likely sit on their hands until down trend in momentum is broken to the upside.

As long as commercial traders continue to fade the dollar rally, the Amex Huey remains a candidate for for an explosive upside move in 2010.

Amex Gold Bugs Index (HUI)