Stock Market Technical Indicators & Analysis
With the QQQ short term up-trend reaching its fifth day, I am more confident of this new up-trend. I am gradually going long and am adding to my position in QLD. The GMi is now at 6 (of 6) and the Buy signal issued at the close on July 30 remains in place.
As bumpy as this ride has been, the market remains in a short and longer term up-trend. IBD still sees the market in a confirmed up-trend…..
GILD hit a new all-time high on Thursday and broke out of a multi-year base, as shown by this monthly green line chart. Click on chart to enlarge. GILD is worth researching.
Markets remain in short and longer term up-trends.