The bounce in GLD after a strong decline in April may be losing steam, but low volume on Monday shows a lack of conviction on the part of the bears … for now.

This week Jay pays tribute to some from whom he (and millions of others) has learned a lot.

This week Jay pays tribute to some from whom he (and millions of others) has learned a lot.

While gold has broken down certain global equity indices have broken out to the upside, while others appear in a holding. For now, oil is also trending sideways, but a symmetrical triangle may be forming here as well.

Sometimes going beyond the “textbook” version of a strategy can pay dividends. This week Jay looks at one example usng the Modified Butterfly spread.