Stock Market Technical Indicators & Analysis
The MACD histograms often show a change in trend before it is evident in the price. Look at how the histogram has been steadily rising as price declines=positive divergence.
In contrast, the dollar, UUP, is showing a negative divergence.
Gold rises as the dollar falls. Compare the two charts. As the value of the dollar declines, it takes more dollars to buy an ounce of gold.
This daily chart shows that GLD has now retaken its 8 EMA (dotted line) for the first time since February 1, at the recent top. Volume was above average the past 2 days as it rose. It bears watching to see if GLD can mount a new rise. The next hurdle is the 21 EMA (solid line). Note during the December and January rise, the 8 EMA consistently rose above the 21 EMA. The 8 EMA leads the way.
I have found that about 40% of new QQQ short term down-trends end within 5 days. So I buy a little SQQQ on Day 1 and increase the position slowly. SQQQ has now closed above its daily 8exp and 21exp averages.
