Our intermediate-term oversold/overbought stock indicators are turning bullish at current stock market levels. The S&P is currently at 1338 --- and was at 1336 at the last intermediate-term stock indicator change on April 25, 2011. (Please see link below for last signal.)
http://z-trader.blogspot.com/2011/04/overbought-stock-indicators-42511-340pm.html
Our long-term indicators remain strongly bullish.
Wednesday, May 11, 2011
Friday, May 6, 2011
Gold
Gold -- Long-Term Chart
Have these markets broken down? Some notes:
Have these markets broken down? Some notes:
- Gold & crude were definitely extended.
- Even in long-term trends, the markets can flip around the 100-day moving average.
- Some would view the direction of the average; as well as "envelopes" or Bollinger Bands.
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