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Thursday, February 07, 2019 8:00:21 AM
The Ord Oracle
By: Tim Ord | February 6, 2019
SPX Monitoring purposes; Neutral.
Monitoring purposes GOLD: Long GDX on 1/29/19 at 21.96.
Long Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78
Above is a short term view of GDX. The top window is the RSI for GDX. Readings above RSI 50 are bullish (light blue) and those below 50 are bearish (TAN); right now the RSI is hovering near the 70 range at a sold bullish level. We have three moving averages on GDX, which are the 3-, 9-, and 11-period MAs. When all three either cross to the upside or cross to the downside, a bullish or bearish signal is triggered. In late January, all three crossed to the upside, triggering a bullish signal and remaining on the bullish signal. The second window up from the bottom is the GDX/GLD ratio, with a 10-period moving average. The GDX/GLD ratio crossed above its 10-period moving average, which triggered a bullish crossover. As it sets now, the short-term picture remains bullish and higher prices are expected. Long GDX on 1/29/19 at 21.97.
Tim Ord,
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By: Tim Ord | February 6, 2019
SPX Monitoring purposes; Neutral.
Monitoring purposes GOLD: Long GDX on 1/29/19 at 21.96.
Long Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78
Above is a short term view of GDX. The top window is the RSI for GDX. Readings above RSI 50 are bullish (light blue) and those below 50 are bearish (TAN); right now the RSI is hovering near the 70 range at a sold bullish level. We have three moving averages on GDX, which are the 3-, 9-, and 11-period MAs. When all three either cross to the upside or cross to the downside, a bullish or bearish signal is triggered. In late January, all three crossed to the upside, triggering a bullish signal and remaining on the bullish signal. The second window up from the bottom is the GDX/GLD ratio, with a 10-period moving average. The GDX/GLD ratio crossed above its 10-period moving average, which triggered a bullish crossover. As it sets now, the short-term picture remains bullish and higher prices are expected. Long GDX on 1/29/19 at 21.97.
Tim Ord,
Editor
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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!
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