Gold Miners go on a gap filling expedition

Mining the gaps buried far below Not only in the HUI index, but in several of the stocks I hold and watch some conspicuous gaps (that I personally did not think needed to fill any time soon before last week) did indeed fill today. They were breakaway gaps. The upper gap at 180 is something that I thought could (should, actually) fill late last summer … Continue reading Gold Miners go on a gap filling expedition

Has SPX finished its downside business?

Our noisy weekly chart has chronicled the index since it took out the Bull Turnstile (i.e. it decided to take out the red dashed trend line) and made its upside close out to the Christmas Eve 2018 massacre. And now here is SPX once again, at those massacre lows. The monthly (unfinished business?) chart has had two options for the correction (since well before the … Continue reading Has SPX finished its downside business?

A helping hand…

It is difficult in the midst of panic and loss to think about others, but I know a lot of people are doing just that. I am too. There are so many people suffering or going to suffer hardship from this exogenous event that is turning into a massively economic event. The people who clean our houses, the people who wait on us at bars … Continue reading A helping hand…