Thursday, June 16, 2016

Daily Chart Buy Signals in Major U.S. Stock Indexes; Sell Signals in Gold

Daily chart buy signals were triggered by my computer trading system in the following major U.S. stock indexes at today's NY close: Nasdaq Composite, NDX, OEX, NY Composite, HGX,  DIA, and QQQ.

Daily chart buy signals were triggered in scores of individual stocks like AAPL, AMGN, FDX, GM, GS, IP, JPM, LLY, ORCL, SBX, TWX, USB, UTX, and WY.

Daily chart sell signals were triggered in almost every precious metals related investment including GLD, SLV, GDX, GDXJ, SIL, and SILJ and at least a dozen individual precious metals mining stocks.

My computer trading system is pointing the way higher for U.S. stocks and lower for Gold and precious metals related investments. In the U.S. equities market, my own view is that an important short term trading low was posted intra-day today and that a major short squeeze is about to unfold that will take most major U.S. stock market averages well into record high territory.

Nasdaq Composite Index Daily Chart with Computer-generated Buy & Sell Signals





Gold ETF Daily Chart (symbol GLD) with Computer-generated Buy & Sell Signals

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