I have been writing for weeks about the developing Stage 4 decline in gold. Check out GLD today.
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67th day of QQQ short term up-trend; EMN–cup and handle?
Short and long term trends remain up. Surprised by Monday’s strength, but remain long.
A friend (thanks, Beth) alerted me to this possible cup and handle formation in EMN. Check out this weekly chart. A close above $55 on high volume would be a good sign of a break-out.
63rd day of QQQ short term up-trend; Gold hits resistance?
I may not be able to post again until next Monday morning. I am expecting weakness toward the end of the week and into the pre-earnings lull the first two weeks of April…….
Gold may have bounced down off of resistance on Tuesday. Check out this weekly chart, which shows that GLD cloud not get above its declining 30 week average (red line). Click on chart to enlarge.
