NFTRH+; GDX Daily Chart
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,…
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,…
We have been noting how the Gold/SPX ratio is still a downward drag for the gold miners as the HUI index is still well above that guiding ratio, which is…
A low priority update, because sometimes it's nice to just do good old fashioned stock analysis rather than heavy macro stuff all the time. SMCI is a stock I nailed…
I am keeping this divergence of the VIX to SPX in mind over the near-term. Such divergences preceded the 2020 mini crash in stocks, the 2022 bear cycle and a…
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…
First, a note that if you have not seen it, the trade log has a daily chart and some words about GDX. I also posted a weekly chart of GDX…
GDX has filled its lower of the two nearby daily chart gaps after the bear flag breakdown. It is good to have that gap out of there. GDX is viable…
The silver price has been very volatile on the daily chart view. On the larger view it touched clear long-term support on the decline in 2022, which was a higher…
As you know, we have many charts and indicators advising of a still bullish market at high risk. I thought I'd add another to the pack. This is a simple…
An interesting situation which, if not yet positioned or only lightly positioned, may manifest in a solid buying opportunity. There are a couple points on the chart we've been aware…
In the last few weeks we have been allowing for, even anticipating a renewed bout of inflation concerns as the yield curve (10-2) steepens, nominal yields had dropped significantly to…
In NFTRH 794 we took a look at the weekly chart of ILF along with: "LatAm 40 is bullish and one could project a target from this pattern to 33,…
These are the items I am watching (UEC added to the usual suspects) by daily charts as the sector continues to flag downward to burn off the previous overbought situation.…