(QQQQ)(DIA)(SPY)(SPX)(INDU) Sunday Evening - Markets are up initially in overnight trading. Bearish news has been released over the weekend which we will discuss on tomorrow's show. On Friday's show we bought 675 for a 2 point gain and 672 for a 3 point gain. Gold Rally Spot gold respected support at $900, rallying above short-term resistance at $920 and breaking out of its trend channel to signal reversal of the recent down-trend. The short-term target is $940; calculated as 920 + ( 920 - 900 ). Retracement that respects the new support level at $920 would confirm the up-trend, offering a medium-term target of $1000. Failure of support at $900 is now unlikely, but would warn of a test of $700. In the long term, breakout above $1000 would offer a target of $1200; calculated as 900 + ( 1000 - 700 ) from the large descending broadening wedge over the last 12 months. (From the Diary of Colin Twiggs) CT does not accept cash, stock, warrants, or the promise thereof, to profile or promote any company. He works for YOU, the Christian Investor!