Quick pics and brief comments. SPX recovers to near an all-time high after a sentiment micro-twitch, NDX ticks a new high and SOX recovers above the SMA 50, regardless of…
The gold stock correction was readable, and now it is maturing One tool we used a year ago was the out of whack state of HUI vs. the Gold/SPX ratio.…
The daily chart of HUI highlights times when the index has dropped either to a new correction low or lost short-term support in dramatic fashion immediately prior to a bounce…
HUI's technical status on the near-term daily chart view is not good. Anything can happen and charts can change. But this is a bearish chart. It is also a chart…
A review of the situation in gold stocks It is in essence a year ago that Warren Buffett ill-timed his entry into the gold stock sector, unwittingly calling a top…
A simple update of HUI's daily chart. Why do I stay on top of this lowly sector? Because when the macro turns it will be special once again. With the…
Gold miners (HUI) are out of whack with the Gold/Oil ratio (GOR) and the Gold/SPX ratio This isn't to say that the would-be bounce (HUI is postured in a small…
HUI is oversold, sentiment has been pushed down and here we have a little daily chart hammer candle (potential reversal candle if it holds up). This index can bounce at…
Let's micromanage the metals now that they got cracked. But first let's think about the miners. Yesterday we noted that HUI had not broken to a lower low in relation…
[edit] From about noon ET I will be away from my office for the rest of the day, so don't interpret lack of trading or updating activity as the product…
HUI (daily) is pulling back as expected to test support at the area where the SMA 50 is rising to meet the SMA 200 and the channel breakout point. Our…
Ref. the update on May 18... HUI went on to ping 325 and it would have been surprising had it not paused there. The daily chart has gotten moderately overbought…
I went to the track for some exercise, came back and yields had reversed back up and HUI back down, in-day. It is a microcosm of what I expect in…
Global market stress this morning I was going to talk about the ongoing VIX divergence and loss of momentum in SPX, regardless of how the market looked this morning. That…