Below is a larger version of the daily chart of GDX I’ve been using to update subscribers in-day in the NFTRH Trade Log notes, which are now as least as much about the ‘notes’ part as the ‘trade’ part. As dynamic markets do their thing, updating this way (as opposed to the normal and usually more involved email updates) is proving to be a real … Continue reading GDX Daily Chart
Payrolls came in at a strong +273,000 and the markets decided that Coronavirus is going to render that meaningless. It’s all emotion now and it is going in the opposite direction to what we observed for month after over-bullish month after SPX crossed through the Bull Turnstile (ref. 2nd chart below) in Q4 2019. The Fed is in ‘good cop, good cop’ mode now with … Continue reading NFTRH; Payrolls, a Bad Cop Flips and SPX Daily, Weekly & Monthly Charts
