A little in-day micromanagement for your viewing pleasure.
The correction grinds on and folks, the miners have needed this, a running of the bugs. HUI dinged the 375 target and a reaction from that level was logical (as one look at the monthly chart resistance target indicates). The correction is not over yet but on the plus side HUI and GDX have filled their daily chart gaps, joining GDXJ.
So it’s a moderate positive that those gaps are no longer there beckoning. It still looks to me like there’s a reasonable chance of at least a test of the SMA 50 on each of these. But thus far it’s a normal looking correction.
