It’s hard to open an email these days without one or more messages suggesting, usually with a healthy bit of FUD (fear, uncertainty and doubt), that you should own gold.
To be clear, gold and precious metals can have a place in almost every investor’s portfolio. But over time, equities have always shone brighter than the yellow metal.
But in volatile markets, such as those investors have been experiencing for several years, the security of gold and other alternative asset classes can be appealing.
That’s the idea behind the golden cross indicator.
The golden cross is a well-known technical indicator that indicates the reversal of a downtrend. Specifically, a golden cross forms when a stock’s 50-day moving average price crosses over its 200-day moving average.
Like many technical indicators, the golden cross is primarily used by traders to time when they enter and exit positions. However, buy-and-hold investors can still benefit from this trading signal. That’s because buying a stock you currently own when it’s forming a golden cross pattern can lead to opportunistic growth.
That said, a golden cross can be a false breakout signal. Finding stocks that are forming a true golden cross requires confirmation, which may require more time staring at screens than many investors would prefer.
This special presentation highlights seven stocks that have formed a golden cross pattern within the seven days of this writing. By buying stocks that confirm a golden cross pattern, you can capture the short-term upside in these stocks.
With the 2024 election just weeks away, a new crisis is barrelling down on America… one that could cleave the financial world in two the moment the polls close. I predict they could see investment losses of 50% (or more) in the weeks following the presidential election.
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