GMI remains at 6. Is it time to call this a resumption of the bull market?! This daily chart of GLD suggests that gold is at resistance. Will it resume its down-trend or break through?
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18th day of QQQ short term up-trend; RWB stock: TCO
GMI remains at 6 but T2108 is in overbought territory, at 84%. Fourteen stocks came up on my 52 week high with good earnings scan:
CMG,TCO,WPZ,ASPS,HIBB,SIX,LECO,WYN,PZZA,AIT,CALM,FWRD,SE,INTC
TCO appears to be a RWB stock breaking from a base. Click on chart to enlarge.
QQQ short term up-trend reaches 16th day
With the Worden T2108 at 83% and 95% of the Nasdaq 100 stocks closing above their 30 day averages, I am reluctant to take on more long positions now. I am selling calls on long positions and waiting for a drop to support to increase my long positions. Longer term up-trend is up but I suspect we are in for the usual post-earnings release lull.