Per the tables below, we found it of interest that, in the one-month and three-month returns following such a signal, the average positive returns were higher than the at-any-time returns, while the average loss was smaller than the at-any-time average loss.
However, the technical significance of this particular moving average crossover signal is not major.
Figure 3 shows the results of a conditional moving average timing signal I created on StockScreen123.
The MACD is calculated by simply subtracting a 26-period exponential moving average (EMA) of the closing prices from a 12-period EMA. The signal line is a nine-period exponential moving average of the MACD.
Gold is 72% above its 10-year moving average, a strong inflation signal.
Very short-term, the April gold contract has climbed above its 20-day moving average, which is a minor bullish technical signal.
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U.S. stocks moved higher last week, but the Dow Industrial Average lagged, which prevented a Dow Theory Buy Signal.
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Overnight action saw the December Comex gold futures contract push through short-term resistance from the 20-day moving average, which is a minor near term bullish technical signal.
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The last two columns show the percentage of the time the stock bounced off the moving average to gain at least 5% within a month of the signal.
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If the bulls were able to rally above the 20-day moving average early this week it would be a short-term bullish signal and would suggest a minor bottom could be in the works.
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These figures, up from an average increase of only 52, 000 over the previous six months, may signal a thaw in hiring conditions.
The fact that prices are still well above their 2006 average, even in a recession, suggests that the spike of 2008 did not signal a mere bubble but rather, a genuine mismatch of supply and demand.
The rise and fall of signal strength in each "link" - the path from one mast to another - provides an average measure of how much rain there is between them.
With the Dow Transportation Average ending the week with a new year-to-date closing high at 5, 068.81, a close for the Dow Industrial Average above its November 5 closing high at 11, 444.08 generates another Dow Theory Buy Signal.
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