When stocks are in strong uptrends, you should always know where the 8-day moving average is.
Steep uptrends are great to ride, but when they break you can sometimes see significant downside.
Both show solid uptrends, and it would take a convincing break below the February lows to weaken their outlook.
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Some of these methods commonly lag the market, underestimating value during uptrends, and overvaluing assets in a downtrend.
If the market environment improves, they very well might resume their uptrends.
The precious metals market bulls are eyeing the present price pullback as another bargain-hunting buying opportunity amid longer-term price uptrends that remain in place.
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The data should show stocks that are in pretty steady uptrends.
Shorter-term and longer-term price uptrends are in place on the charts.
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The uptrends in the yields of the German ten-year Bunds and the US ten-year T-Notes (line a) shows a sharp increase since the start of May.
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Some corrective, consolidative price action on the daily charts for the gold and silver markets is not surprising, nor is it unhealthy for their present near-term uptrends.
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Whether the earnings and book values are of the real world would require deeper analysis, but with the uptrends intact, this may be a decent place to start investigating.
First of all, it is critical to look for divergences on at least two different time periods, as in strong uptrends, you will often see divergences in the daily charts but not the weekly charts.
In other news overnight, well-known, bow-tie-wearing commodity trader Jimmy Rogers reportedly said Tuesday that world currencies being debased will allow raw commodity markets, including the precious metals, to extend their long-term price uptrends for the next eight to 10 years.
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