trendfollowing gold stocks May 19th was recent the top in The Gold Miners Index (GDM). From the March low, the Index was outperforming the S&P 500 Index on a relative strength basis. The Index is down, on a closing basis, approximately 13%. From the May 19th top, before the FOMC Press Conference June 16, 2021,Continue reading “Trendfollowing: gold stocks”
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The SPDR® S&P® Oil & Gas Exploration & Production ETF entry point
oil and gas stocks gaining strength
The Energy Select Sector SPDR® Fund entry point
oil and gas stocks gaining strength
S&P 500 stocks trading in excess of 100% annualized
energy stocks are leading the market
Dow Jones Industrials update
the 3 month sideways chart pattern broke last week
Gold Miners sell off
gold mining stocks selloff
Gold and gold mining stocks today
The sell off in gold and gold mining stocks today accelerated in the afternoon before the close. On the Gold Miners Index (GDM) (GDX), Long/Bullish, we have the next support level down at $1,016. this is pure trendfollowing, no predictions. .see chart below:
Nasdaq 100 Index breakout
The tech and biotech Index Nasdaq 100 (NDX) broke-out today, a new all time high.
Silver ETFs rally update
silver commodity ETFs are strong
S&P 500 Index update
The S&P 500 Index (SPX) crossed over the 20% annualized rate of growth 200 day moving average on November 03, 2020, and, the 21 day breakout occurred on November 9th, 2020, for a 35.23% annualized rate of growth. Days held 211, weekdays held 152. The Index today closed 0.25% from the all time high ofContinue reading “S&P 500 Index update”
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