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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 (-)

Wednesday, March 2, 2016

GLD and GDX 3/2

Both GLD and GDX have had great runs since I wrote about great looking bear market ending bottoms in these ETFs in GLD and GDX 1/26.  Lets see where things stand now with the monthly charts.

GLD closed above its 20 SMA on a big surge in volume.  That looks pretty good to me.  How about GDX.

GDX also closed above its 20 SMA on a surge in volume.

This is the first time since gold broke down in early 2013 that both closed above their monthly 20 SMAs.  This opens the door to a gold bull market.  As I said in the Jan. post a bull market here does not necessarily mean GLD will make new highs.  GLD could easily rally a year or more and simply retrace part of the losses.  We still need to see some consolidation/pullback to form a higher low.  It would be great if these ETFs could do that and stay above their 200 DMAs.

I have seen some articles on gold, but nothing like I used to see every other time it rallied for a few weeks the last few years.  Everything looks good to me so far.


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