The daily chart of GDX continues to be locked in the correction’s downtrend channel after holding the (green dotted) neckline. Below both the down-sloped SMA
Tag: gdxj
NFTRH+; Gold Miners In-day View
In yesterday’s update we noted that the HUI index and the ETFs were still in corrective consolidation. After a gap up this morning, that remains
NFTRH+; Gold Miners’ Short-term Technical Status
Despite the big up day, HUI (daily) remains in consolidation. GDX (daily) remains in consolidation. GDXJ (daily) remains in consolidation. Captain Obvious’s bottom Line The
NFTRH+; Some Gold Stock Technical Micromanagement
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
NFTRH+; GDX & GDXJ 15 min. Charts: Which Gap Fill to Believe?
In-day micromanagement… GDX 15 minute gapped up to fill the upside gap from last week and promptly dropped again to fill the opening gap. Where
NFTRH+; GDX & GDXJ 15 min. Charts by Request
[edit] A chart was uploaded to the Trade Log Notes showing the GDX gap filled already. From a subscriber just now… Gary – Hate to
NFTRH+; Short-term Support Parameters for GDX & GDXJ
A subscriber asked how far I thought GDX and GDXJ might pull back. Well, assuming a pullback continues after yesterday’s gap fills I’ve marked up
NFTRH+; GDX & GDXJ Daily Chart Status
Yesterday GDX broke upward above resistance and filled a gap down from May. It must now use that former resistance as support in order to
NFTRH+; GDX & GDXJ
GDX is threatening to break the pattern today. It has taken out the trend line and a clear of point 2 could set it on
NFTRH+; Some Micromanagement on GDX & GDXJ (Daily Charts)
Nice, the miners are going green after a tough start. But GDX has not taken back the SMA 50, which it lost this morning after
NFTRH; Gold Stock Correction Update
The longer the correction has gone on the more it has moved from the look of a minor topping pattern to a potential consolidation pattern,
NFTRH; GDX & GDXJ, Daily & Weekly Charts
Daily GDX has not broken down. I would not rule out a bounce to fill the gap above 28 and possibly test the SMA 50.
HUI, GDX & GDXJ Filling Gaps
It does not mean that the pullback in the miners (and gold/silver) is over but it does mean that an annoying issue is being addressed
Gold Miners: Volume Pukage Begins
Notice I wrote “begins” in the title. Today was the first real day of regurgitation with conviction. Long-term support levels are going out the window