Stock Market Technical Indicators & Analysis
This could be a meaningful advance for gold. Note GLD has now closed above all 12 averages. The dotted line shows daily closes. An RWB advances means that all shorter term red averages are rising above all of the longer term blue averages with a white space separating them. That is the opposite of the BWR down-trend. Note the arrow pointing to the RWB pattern.
Note the closes (blue dotted line) are now consistently above the 12 moving averages, leading them all higher. I am riding TQQQ on this growing up-trend.
The 52 stocks trading at an ATH represent less than 1% of US stocks and are therefore showing incredible relative strength. The list of biotechs appears below. Note the next earrings dates and the last column, today’s close divided by the close 250 days ago. Five have more than doubled from a year ago. AVLN and TRAX did not have a value because they were not publicly traded 250 days ago. These companies are worth investigating.
