UUP, the dollar ETF, is in a renewed RWB up-trend, likely reflecting higher interest rates in the U.S.
In contrast, oil, measured by USO, remains in a BWR down-trend.
Happy Thanksgiving—will post next on 12/2.
Stock Market Technical Indicators & Analysis
The QQQ is right at resistance, but it looks strong to me.
After a GLB in May and a retest in June and August, DY continues up-trend. It has been number 1 in the IBD50 list and I own it.
Note how much clearer the trend is in a weekly chart.
And even clearer in a GMMA chart showing an RWB rocket pattern.
I prefer an RWB pattern on my modified GMMA chart any day!
Happy Thanksgiving–I will post again on 12/2.