Monday’s close marked the beginning of a new QQQ short term up-trend. The GMI remains on a Sell signal for now, however. I got out of SQQQ and bought a little TQQQ. If the new up-trend persists through Friday, I will be more confident of this new up-trend………..
Meanwhile GLD still looks like it is turning. In this daily chart, note the 30 day average (red line) is now curving up. But given that GLD touched its upper 15/2 Bollinger Band on Monday, it may pull back a little.
TSLA had a green line break-out on Monday on above average volume. Check out this daily chart. (click on to enlarge)