6th day of $QQQ short term down-trend; $GLD

GMI1/6
GMI-23/8
T210820%

Only 39 US stocks hit new highs on Tuesday and there were more new lows than highs. I remain on the sidelines with a small position in GLD, which has closed above all of its shorter averages (red lines) and may be starting a daily RWB up-trend.

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.