IBD says market in confirmed up-trend after follow through day. I remain cautious until daily RWB pattern returns.
6th day of $QQQ short term down-trend; $GLD
Only 39 US stocks hit new highs on Tuesday and there were more new lows than highs. I remain on the sidelines with a small position in GLD, which has closed above all of its shorter averages (red lines) and may be starting a daily RWB up-trend.
