Stock Market Technical Indicators & Analysis
GLD has had several Blue Dot of Happiness signals that led to tradable bounces. Will this one too? See my TraderLion Conference 2025, Day 6 presentation for a description of the Blue Dot of Happiness. I am very worried by the weakness in tech stocks and QQQ, evidenced by the GMI2=2.
After becoming oversold and bouncing, VIK reached an ATH on Monday. Many of my Boomer friends are planning cruises and Viking is often talked about. Note this daily chart showing two oversold bounces designated by blue dots. Note the heavy volume on recent advances. The support also occurred near the 50 day average, shown by the green dotted line. VIK is now outside of its upper 15.2 daily Bollinger Band and may rest here. I would not want to see it close back below Monday’s low of 72.49.
The monthly chart shows the GLB in June, 2025, and that VIK came public in May, 2024.
IBD reports that the Investors Intelligence poll shows 61.5% of advisors are bullish. This is close to the 5 year high of 64.2% and a level of bullishness that often occurs near market tops. The extreme action of GLD, SLV and MSFT last week was ominous. MSFT has entered a Stage 4 down-trend, see chart. I am retreating to cash in my trading accounts. I am a chicken.
The GMI=4 (of 6).
