Stock Market Technical Indicators & Analysis
Here is a weekly GMMA chart of the gold ETF, GLD. Gold is in a BWR down-trend with all of the shorter term averages (red) declining below the longer term averages (blue). This is the opposite of the RWB rocket stock pattern I have discussed before. Note GLD’s RWB pattern during the up-trend through mid-2011. (The green lines are prior multi-month bases at all-time highs.)
ONVO continues to show technical strength as it moves to another 52 week high. There is huge buying volume, suggesting that something good is about to happen? Check out this daily chart. I own ONVO, but it is very speculative.
This weekly chart shows that ONVO is approaching its green line (all-time high) top.
Here are the latest GMI and GMI-2 components. Indexes bounced from over-sold on Friday. But will they hold???
