Trend following The Gold Miners Index (GDM), in a strong long term Upward trend, stronger than the S&P 500 Index (SPX), the next Monthly Bullish S/R (Support and Resistance Price level) is found at $661.90. So those already long, will look to nibble some more, and those not long may look to establish a new position at a close over the March High. There are various ETF options, such as the $GOAU. So as usual, all the trend following best practice ideas remain the same, multiple positions, small position size, stop out when your risk parameter is hit. A starting trend following portfolio could be the $GOAU, and the $SPY.
Tesla (TSLA) long term Monthly S/R (Support and Resistance Price levels) approaching $246. If the shorts stopped supporting this thing, where would it go? And when does the government propping up run out?
$IXM $XLF (ETF) Banks and Financial Stocks, Looking at 52 Weeks, Weekly S/R (Support and Resistance Price Levels) this Reversal area has been in “play” for weeks prior to this week. So, the mass media talk about interest rates, where were they a few weeks go?