49th day of QQQ short term up-trend; GLD: Stage 4?

GMI4/6
GMI-24/8
T210857%

GLD may be entering a Stage 4 decline after the failed break-out 2 weeks ago.   The 10 week average (blue dotted line) is now below the 30 week average (red line).   Be careful. (Click on chart to enlarge.)

3 thoughts on “49th day of QQQ short term up-trend; GLD: Stage 4?”

  1. For GLD, SLV, GDX, AGQ and other Gold and Silver related ETF’s the fast and slow 12,4,4 stochastic plots show them touching and turning up from a level of 20. Might this indicate that they are turning around from being oversold and that it might be worth looking for bottom fishing opportunities?

  2. Could be but it is dangerous to buy anything that is below its declining 30 day average.I buy rebounds only if it can surmount that average. I also like to see a positive daily MACD histogram.

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