OTEX re-tested its GLB (green line break-out to all-time high) on Tuesday. Earnings comes out on Wednesday. Will it hold green line? I normally do not like to hold through earnings, but someone has been buying……
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Possible bounce off of support (BOS) stocks: $MKC, $CINF, $PG, $CHD
MKC is bouncing off of support but must hold 103. Other possible BOS stocks that came up in my scan: CINF, PG, CHD
11th day of $QQQ short term up-trend; BOS: $TLT and $GLD
It looks like TLT, the 20+ yr US treasury bond ETF, is bouncing on support (BOS). If so, interest rates could head lower with the dollar and gold might head higher, at least for a few days.
GLD also may have been a BOS on Thursday. Charts look identical!!!!
