***** Technical Analysis (August 14)*****
Not much changes occurred to the technical indicators. The overall volume was very light once again for today's rally.
The Nasdaq McClellan Oscillator rose to +6 from -4 while the NYSE Osc rose to +11 from +1.
The Nasdaq DMI (ADX) improved to slightly positive and the Money Flow and Acc/Dist improved to neutral. The RSI rose to 53.1 while the other technical indicators remained the same.
The current rally looks a bit tired and needs an injection of more volume to make it succeed; otherwise, another decline is likely.
Gold may have a little more upside while bonds are undecided now. The US dollar still appears vulnerable.
Dr.Bob's commentaries are not to be construed as recommendations to buy or sell stocks, options, or ETF's as Dr.Bob is not a Registered Investment Advisor. Information and data provided here is believed to be reliable but cannot be guaranteed to be accurate.
Always do your own research and due diligence before investing or trading. Remember that Technical Analysis can change by the day, and as such, one day's TA may not be the next day's TA interpretation.
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