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Tuesday, March 21, 2017 8:35:59 AM
By Tim Ord | March 20, 2017
• SPX Monitoring purposes; Covered short SPX 1/31/17 at 2278.87 =.09% gain; Short on 1/30/17 at 2280.90
• Monitoring purposes Gold: Sold GDX at 24.33 on 2/22/07 = gain 20.15%; Long GDX on 12/28/16 at 20.25.
• Long Term Trend monitor purposes: Short SPX on 1/13/16 at 1890.28
The second window up from the bottom is the Up down Volume percent (Friday’s close) which did not respond to last week rally in GDX and a negative divergence. A close above “0” on this indicator is needed for it to turn bullish and as you can see it a long way from turning positive. Next window up is the Advance/Decline percent (Friday’s close) which also did not respond to last weeks rally in GDX a negative divergence. A close above “0” on this indicator would be a bullish sign and as you can see its a long way from “0”. At previous lows in GDX both the advance/Decline % and Up down volume % produced positive divergences and that is not what is happening here. The timing for the next buy signal could come around Tax time near April 15 and possible near the 21 range on GDX. Timer Digest has us ranked #1 in performance for gold over the last 12 months. Sold GDX at 24.33 on 2/22/17 = gain 20.15%; Long GDX on 12/28/16 at 20.25.
http://www.talkmarkets.com/content/us-markets/calling-a-pull-back-on-the-spy?post=127366
• DiscoverGold
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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