Trend: On February 10, the 50-day moving average crossed the 200-day moving average for the ETF GLD, the so-called Golden Cross.
If you believe that technical analysis has merit, you might take note of this occurrence. It's the first Golden Cross for GLD since December of 2007.
Speaking of Technical Analysis, Eric Wish of the excellent Wishing Wealth Blog says:
Jim Cramer ... has become a recent convert to technical anaysis, now even citing the impressions of IBD chart analysts. I think it amusing that Cramer now asserts that he has always valued technical analysis. This is pure revisionist history –- for many months he poked fun at chartists as morons. I think that the failure of so many of the stocks he touted for months based on his purely fundamental analysis has given him a little TA religion -– or maybe he is just sucking up to IBD, one of his show’s sponsors…. (Link: Wishing Wealth Blog).