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Trend table status






Up 7/31/20

Up 1/29/21

Up 5/29/20


Up 10/2/20

?+ 4/23/20

?+ 4/30/21


Up 3/29/21

? 4/5/21

?- 5/10/21

Short term

Up 4/1/21

Dn 5/10/21

Dn 5/4/21

Don Worden of Worden Brothers (makers of Telechart software) used to keep a trend table before his health issues got in the way. I always found it useful. Mine is slightly different. Hopefully helpful. Up? or Dn? means loss of momentum. ? by itself means trend is neutral. ?+ or ?- means trend is neutral with bias of up(+) or down (-)

Tuesday, November 19, 2013

GLD and GDX 11/19

I have not looked at GLD and GDX in a while.  Here is the GLD daily chart first.

It looks like GLD has formed another down trending channel over the last few months.  It is currently near the middle, but looks like it could be on the way to the lower rail.  Here is the GDX daily chart.

Interestingly GDX also looks to be in a down trending channel.  Are both of these headed back to the lows?  Clearly they need to break the upper channel lines before becoming longer term bullish.  I don't know if they are going to continue down from here, but it is a distinct possibility.


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