Rick’s Picks had hit some forecasting bullseyes recently in shares, bonds and gold, so we took a close look at where these vehicles might be headed next. Although we try to come away from Wednesday sessions with a tradable idea or two, in this case neither gold futures nor the E-Mini S&Ps looked very appealing. The latter was in a corrective downtrend; however, with just three more points of downside remaining to the target, we electde to do nothing. Gold was bouncing weakly from within 0.60 points of a correction target at 1155.00, and although we were expecting a further fall to 1140.00 in the days ahead, there was little reason to jump into the thick of a suspected distribution.
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