Gold Miners Index trend following update 9_03_19

Sept. 03, 2019 After the open of the cash market, The Gold Miners Index (GDM) (GDX) after a 3 week consolidation, is doing another Weekly (lookback) breakout. The Index is trading way in excess of a 20% annualized rate of return over a 200 day moving average.

Gold Miners Index (GDM) 26 weeks weekly

Trend following the Sector SPDRS August 19th, 2019

Looking at the 11 Sector SPDR ETFs, and The S&P 500 Index ETF “SPY”.

Looking at the 11 Sector SPDR ETFs, and The S&P 500 Index ETF “SPY”.

After the open today, using strategy of at least a 20% annualized rate of growth, over 40 Weeks, the ETF is above or below trend and by how much as a percentage.

Symbol    % Diff

XLRE Real Estate 2.8
XLK  Technology 2.6
XLP Staples 1.1
XLU Utilities 0.4

XLC Communications -1.7
SPY S&P 500 Index -2.5
XLY Discretionary -2.6
XLB Materials -3.5
XLI Industrials -4.8
XLF Financial -5.5
XLV Health -5.8
XLE  Energy -14.8

S&P 500 Index trend following update – August 2nd.

As of the close of Friday August 2nd.

The index crossed under the 20% annualized growth rate this week. So therefore is is on the sell list.

S&P 500 Index chart, the bottom panel  is the 40 week moving average of the 20% annualized growth rate: