RE: US Stocks Watchlist
Nasdaq Composite dropping back into the lower half of the range today with continued uncertainty from world events. But technically it is still within the broader recent trading range in Phase B, so remains in the chop.
Gold stalling today at 1900 level on spot price, and near to the top of the broader Stage 1 base. So although technically a potential Stage 2 breakout as it's cleared the bulk of the base pivots, it's too close to May top to call it imo. So I'll give it Stage 1B+ rating for now.
Silver is attempting to hold above the 30 week MA within the 1 year downtrend channel, so is still making an attempt to move into Stage 1. So would still only give it a fledgling Stage 1A rating. But if Gold breaks out into Stage 2, then Silver usually follows.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.