S&P 500 Index Stocks with the Most Momentum

S&P 500 Index Stocks with the Most Momentum

 StockPrice ($)Market CapAbove S&P 500, 200day MA (%)
Devon Energy Corporation (DVN)31.6621.431B66.4
Marathon Oil Corporation (MRO)13.810.877B57.1
Nucor Corporation (NUE)108.7832.552B57
Ford Motor Company (F)15.9712.843.1
Capital One Financial Corporation (COF)166.2675.065B40.2
Diamondback Energy, Inc. (FANG)85.8215.533B39.7

Gold mining stock breakout, as Bitcoin tanks

Gold Miners Index breakout

Today, The Gold Miners Index (GDM) rally continues, and breaks through the January High of $1,090.  The Gold Miners Index ETF (GDX), and others follow along. It’s interesting to note that the Bitcoin sell off continues, gaping down and breaking support levels.

Stockchart of The Gold Miners Index (GDM):

 

Gold Miners Index (GDM)

Gold Miners Index vs. S&P 500 Index

Gold Miners outperform

The Gold Miners Index (GDM), ETF (GDX), which bottomed in March, has begun to outperform the S&P 500 Index (SPX). The S&P has been rallying along in excess of a 30% annualized rate of growth over a 200 day average.

In this post we’re using a real simple signal line – a 50 day relative strength moving average crossover. The gold miners index crossed above on the day of May 3rd. See stock chart below:

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Gold Miners Index vs. S&P 500 Index

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