This market is getting red hot–T2108 is at 75%. Major indexes traded above their top Bollinger Bands on Tuesday. I am raising stops. I do not want to give up a lot of my gains.
34th day of $QQQ short term up-trend; $GLD rising again
This daily GMMA chart shows the renewed strength in GLD. All of the short term averages are above the rising long term averages (blue lines). It also shows a beginning RWB pattern. Click on chart to enlarge.
End of 2nd quarter on Monday; $SPY and $QQQ in Stage 2 Up-trends–with $AAPL
All GMI components are positive.
SPY remains in a Stage 2 up-trend (weekly charts):
As is the QQQ:
As is AAPL.
See you at my AAII work shop on July 19?