ETF update for Friday March 30

SPY 60 min. chart shows a double bottom at daily moving average support. Would go long on a break of downtrend line around 142.47.

SPY has pulled back to moving average support and is in better shape then the Dow and Nasdaq. The downtrend line could hold price back on any advance and the stochastics are rolling over from overbought.

EEM, iShares Emrg. Mkts. Index, pulled back to moving average support, see next chart for trade execution.

Went long EEM at 116.47, stop loss is under support at 113.39(red line). The trigger was the break of downtrend line and moving average cross.

Stopped out of GLD for a .37 loss.