etfmsolutions: MoDX charts for QQQ and GLD.....05.27.2019

Monday, May 27, 2019

MoDX charts for QQQ and GLD.....05.27.2019

Here are a couple updates for the MoDX (directional momentum DMI+/ DMI-) charts using QQQ and GLD (gold ETF) for illustration. GLD is pretty much a train wreck having gone basically nowhere as the talking heads have screamed BUY!!!! over the last year. QQQ (NAZ100) on the other hand is oversold but as we have (painfully) learned in the past, thing that are oversold can often get even more oversold.
These are 30 day charts since my trading bias is strictly short term.

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