GLD has gapped up again and pierced the upper Bollinger band. I'll be closing the position for a loss today.
KO is showing a pps bull signal, a reversal of the bear signal three days earlier.
UNG has dropped to about 8.90 and is showing a pps bear signal, confirmed by a mid-chart reversal of the mfi. It remains 3.1% above base, which is 8.62.
Bear mode: TLT (Treasury long bonds), VIX (fear index, bullish for stocks)
Bull mode: SPY (blue chips), GLD (gold)
EUR/USD is in bull mode, as is USD/JPY, although with a price well below that when the signal was given.
Post a Comment