NFTRH Update, Key ETF Charts

In light of market moving events (Goldman’s ‘stocks are over valued’ Monday, JPM’s ‘PC’s are on a comeback, good for semiconductors’ Tuesday and this morning’s entry from the World Bank ‘Global growth to pick up in 2014, led by US’) in the media, we tighten up the ETF focus a bit.

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NFTRH Update, Key ETF Charts

Putting aside the pre-market drop in precious metals, we’ll review the charts as they stood at yesterday’s close.

gld

GLD is neutral, with a bull signal to be determined by MACD going green and the price remaining at or above the 50 day MA’s.

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NFTRH Update, Key ETF Charts

gld

GLD is MACD trigger up, on a trend line breakout and at the SMA 50.  Balance of data points is a neutral signal.  Bull signal would come with a couple closes above the SMA 50 and MACD rising to 0+.

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NFTRH Update, Key ETF Charts

gld

GLD broke above the trend line and triggered MACD, which is still below zero.  The bullish objective is to clear the (blue) 50 day moving averages and hold there.  Still on a bear signal pending a move above the MA 50’s.

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