Gold Popped On Friday, Commodities Still Stalled, The Long-Dollar ETF Gained

London (Mar 11)  The Gold ETF ($122.84 on March 8) is up 1.3% so far in 2019 and is 10.6% above its Aug 15 low of $111.06. GLD has a neutral weekly chart with the ETF above its five-week modified moving average at $122.73 and above its 200-week simple moving average or “reversion to the mean” at $118.06. The 12x3x3 weekly slow stochastic reading ended last week at 78.88 down from 86.68 on March 1 falling below the overbought threshold of 80.00 but is no longer above 90.00 which is my reading for an “inflating parabolic bubble”.

Investor Strategy: Buy weakness to my semiannual and monthly value levels at $120.36 and $118.45, respectively, and reduce holdings on strength to my quarterly risky level at $130.76. My annual value level lags at $110.38.

The commodity ETF is heavily-weighted to energy by about 60%.