Signal update: gold (good), SPX (too early)

Since our Jan. 21, 2011 call, looking for a near-term bottom in gold, and based on our program Option Wizard® Trading Method Gold, after a rather slight $4 more to the downside, we have been some $48 to the good on gold:

1389.10	2/18/11
1355.90	2/11/11
1348.90	2/4/11
1337.90	1/28/11
1341.90	1/21/11

On Jan. 7, 2011 we posed the question: is the SPX running out of steam?

7-Jan-11

1,271.50

-2.35

-0.18%

Now we have our answer: no...at least, not yet. (1343.01, close, Friday, February 18, 2011.) And the way things are going, we could as easily pose the question, will the market ever go down again? We think we know the answer to that one: a) eventually and b) when you least expect it and c) when everyone is "all in." Again, stay tuned. We will be.