GOOG and GOLD (GLD)

I haven't been able to take a hard look at all of our equities over the past few days, but the volume support on Google (GOOG) is really a good indicator that there is good Buy support.  Normally, I don't touch anything breaking out like this, but traders are supporting the move higher.  This is not an apparition.

Gold (GLD) is stuck at what I think is resistance, which is why I would consider shorting GLD at the $172 level.  If it moves up with good volume to $174 then I would also consider shorting at that level, as the move down in late February/early March tells us what happened at this level in the past.

Taken from the TedLines Public Gold Chart - save this as a favorite