Stock Market Technical Indicators & Analysis
CURE, the 3X leveraged health care ETF continues to rocket higher. You may recall the analysis I posted a few days ago showing that CURE rose +160% in 2013. Below is its daily chart. CURE may find some resistance at the top of its Bollinger Band, however.
Its weekly Guppy Chart paints a beautiful picture of an RWB rocket stock.
The support we mentioned on Monday held on Tuesday. I added to TQQQ on Tuesday, but have a relatively small position. I am still concerned that this up-trend, at 60 days, is getting close to the typical maximum length of short term up-trends. To view the stats on duration, look at my post from a few days ago.
QQQ found support at its 30 day average (solid red line) on Monday. We will learn Tuesday whether it will hold or test the 50 day average (green dotted line) and lower Bollinger Band.
