Note the floating bars in the circles. Is GLD extended now? Time will tell. I do not initiate purchases when a rising stock shows this pattern. Stocks often return to the 4 wk average and kiss it or form a top after the week of the float.
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Blog Post: Day 9 of $QQQ short term up-trend; $NFLX closes at ATH after GLB; see daily and monthly charts; I tweeted this break-out intraday @wishingwealth
Follow my tweets during the day and see what I am seeing. NFLX closed above its green line top on volume a little above its 50 day average volume. It closed near its day’s high.
