23rd day of QQQ short term down-trend; GLD enters Stage 4 decline.

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Mainly on the sidelines, in cash. Meanwhile, commodities continue to weaken.   This weekly chart of the gold ETF, GLD, shows the deepening down-trend. Weinstein Stage 4 decline has begun. Click on chart to enlarge.

2 thoughts on “23rd day of QQQ short term down-trend; GLD enters Stage 4 decline.”

  1. Dr. Wish,

    I have read that 2x and 3x ETFs should only be used for day trading. It appears that as long as the market is trending then they are a good bet. What is your opinion on this?

    Thanks.

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