GDX

NFTRH Interim Updates

Update; Clear Objectives for GDX, GDXJ

GDX held neckline support after spiking below the bear flag’s origin point and is filling the downside gap off of the bear flag breakdown.  If this rebound is more than a fleeting thing it will get through the SMA 200 (red) and eventually make a higher high above the early April bear flag top.

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April 23, 2014
NFTRH Interim Updates

Update; Key ETF Charts

A reminder that ETF charts are more a snapshot to current status than comprehensive TA.  Also, to save time the MACD (which is usually noted as green (positive) or red (negative) will be colored blue in ETF updates going forward.  The relevant point to the color coding is whether MACD is above or below zero.  Also, RSI is added and the charts have a new format.

GLD broke down from an unimpressive short term uptrend (low relative ‘up’ volume), keeping the long anticipated support zone in play.  That support zone is quite important.  GLD is neutral-bearish, but with a potentially bullish pattern.

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April 16, 2014
NFTRH Interim Updates

Update: Key ETF Charts

Key ETFs offer a technical snapshot each week, but are not comprehensive technical analysis.

GLD is right at the resistance we noted last week.  The chart is neutral and would become positive with a rise above resistance (and the moving averages) and a MACD up trigger.  Obviously, a failure here would put a bear signal on.

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April 9, 2014
NFTRH Interim Updates

NFTRH Update, Precious Metals End of Day Snapshot

The 10 vs. 2 year yield spread dropped, which was an in-day negative not to be given undue weight based on one day, but to be respected none the less.  Interestingly, the sector went nowhere (GDX) to down (GDXJ, gold, silver) yesterday as the spread popped.  Today spread down, sector up.

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April 2, 2014
NFTRH Interim Updates

NFTRH Update, Yields & PM Stocks

I am cooling my heels at the allergist's office.  I almost bid goodbye to this world a couple times  due to Yellow Jacket stings and now am a bee venom…

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March 26, 2014
NFTRH Interim Updates

NFTRH Update, Key ETF Charts

GLD turned last week’s resistance to support, which is now being tested as Ukraine hype unwinds and FOMC looms.  This is a still bullish chart working off an over bought condition.

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March 19, 2014
NFTRH Interim Updates

NFTRH Update, Key ETF Charts

GLD is in consolidation at resistance.  It is bullish until proven otherwise.  Support is anywhere from the visual lateral support at 122 to the gap and moving average convergence around 125.

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March 12, 2014
NFTRH Interim Updates

NFTRH Update, Key ETF Charts

GLD has reached the resistance that is the initial objective for the rally off the December bottom.  On its bull signal but at a logical point of consolidation or reaction.

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March 5, 2014