What does "short-term" tape mean ?

[cccheng]

Dear teacher,

In the context below, what does "short-term" tape mean ?

Gold's (GLD) "short-term" tape is damaged, says Ned Davis Research, but the bullish long-term charts and the macro backdrop remain in place.

Thanks in advance,

Vincent

[probus]

This is jargon related to the stock market. Tape is a reference to the old-fashioned ticker tape. "Short-term tape is damaged" means the stock has recently fallen in price, and perhaps that it is going to fall further. The remainder of the passage is meant to reassure the reader that in the longer term the outlook for this stock's price is good.

The passage as a whole is the sort of giddy jabber that comprises almost all news reporting on the stock market in North America.

[BobK]

I like 'giddy jabber'.

The use of 'macro' is an abbreviation of what some people call 'macro-economic.

b

[cccheng]

This is jargon related to the stock market. Tape is a reference to the old-fashioned ticker tape. "Short-term tape is damaged" means the stock has recently fallen in price, and perhaps that it is going to fall further. The remainder of the passage is meant to reassure the reader that in the longer term the outlook for this stock's price is good.

The passage as a whole is the sort of giddy jabber that comprises almost all news reporting on the stock market in North America.

Thanks so much for the explanation. One more question, when you say "passage", do you actually mean "message" or they have the same meaning ? Thanks again!

[Rover_KE]

One more question, when you say "passage", do you actually mean "message" or they have the same meaning ?

Yes – or just 'sentence'.