The daily chart Symmetrical Triangle broke upward, in line with its reputation as a bullish "continuation" pattern. In the May 9th update we noted that... "assuming this is not some…
As GDX breaks out of the nose of the Symmetrical Triangle, strongly hinting that assuming this is not some sort of bull trap, the long-standing target of 40 (+/-) is…
The daily chart of GDX is doing as noted in yesterday's update, as it fools around in the nose of the Symmetrical Triangle. This is a brief review of the…
We previously managed a short-term Diamond pattern (decision pattern) that decided to break down hard prior to just as hard a recovery. The prospect of the Diamond was first introduced…
The gold stock sector can get pretty upbeat in a hurry, in an emotional swing in the opposite direction of the previous disillusionment that had come over the sector. It's…
The daily chart of GDX dropped out of the Diamond, held in the first support area and is rising anew. This update looks at GDX status at what I think…
Back to the daily chart of GDX, managing the bounce from the sharp pullback. While in the midst of the update Treasury bonds were mentioned and so we also review…
Here we take a look at the daily and weekly chart situations on GDX, as the EFT does what we anticipated and takes a much needed correction/pullback. It is best…
March CPI was not a surprise and markets' reactions to it are not so surprising either. Markets - especially those areas that became overbought recently - are pulling back with…
GDX has filled the first upside gap The daily chart of GDX shows the January 16 down gap being filled this morning. When projecting a bounce/rally we ID'd it and…
A super simple update to note that GDX is dinging resistance #1 today. FYI for any traders out there. It feels to me like a launch to a better rally,…
Yes, a positive move in gold stocks It's just one day but a positive move in gold stocks is happening. Rah rah, sis boom bah! Right girls? Oh wait, absolutely…
GDX fills a gap We are back on the momo-fueled FOMO (or is it FOMO-fueled momo?) as the stock market correction I speculated upon was just another micro twitch to…
An update on the gold miners As GDX bounces from another moderately oversold reading, let's take a checkup on the situation. Technically, it is bouncing from a higher low to…