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The wild trading action of the meme stocks has worried some strategists. They feel the stock market is not healthy but the Viper Report’s Tom Aspray analysis of the market internals paints a different picture.
Many investors and even fewer traders look at the monthly charts but it was a monthly doji buy signal in the SPDR Gold Trust (GLD), according to the Viper Report’s Tom Aspray, that marked the low in October 2018.
While few investors or traders pay much attention to monthly charts, the Viper Report’s Tom Aspray, runs monthly as well as weekly scans to find the best opportunities.