Gold Daily and Silver Weekly Charts - Le US Douleur Wallows

SP 500 and NDX Futures Daily Charts

No breakouts, stocks remain in a short term downtrend.

LinkedIn IPO came into the market today, and it was bubblicious.

GAP slashed its outlook after the bell on rising costs.

Dominique Strauss-Kahn was granted bail, with a form of house arrest while he awaits trial.

Gold Daily and Silver Weekly Charts

So far the support levels are holding well.

Let's see how the rest of the week goes. Overhead resistance is key here.

SP 500 and NDX Futures Daily Charts

The Street was supporting stocks for the LinkedIn IPO which was priced today after the close at the high end of the range. This is supposed to be a bellwether for the social networking IPO market which is a plum for the pigmen to sell at high valuations.

Although LinkedIn is hardly like Facebook, nevertheless it is viewed as important revenue wise for those who run the retail side of Wall Street.