Some key ETFs flashed the golden cross (50-day moving average rises above 200-day) signal today.
SPDR S&P Biotech (XBI)
iShares Russell 3000 Growth Index (IWZ)
Vanguard Large-Cap ETF (VV)
iShares Dow Jones US Industrial (IYJ)
iShares Dow Jones Transportation Average (IYT)
Industrial Select Sector SPDR (XLI)
The golden cross is a good filter to help narrow down the field. From there, traders should apply the Seven Steps to Better Stock Trading. For example, it is important to determine if there is a trend. One way to do it is to apply a swing indicator and look for a pattern of higher highs and higher lows. Better yet, just use my Total Indicator for eSignal. It’s free!