AI
| Followers | 0 |
| Posts | 148553 |
| Boards Moderated | 7 |
| Alias Born | 03/10/2004 |
Wednesday, February 13, 2019 3:10:31 PM
The Ord Oracle
By: Tim Ord | February 13, 2019
SPX Monitoring purposes; Sold SPX on 2/12/19 at 2744.73 gain 1.36%; long 2707.89 on 2-8-19.
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
The top window is the daily RSI and readings above 50 are bullish (current reading is 57.24). The bottom window is the GDX Advance/Decline percent with an 18-period moving average. A reading above “0” suggests a bullish sign (current reading is 20.78). The next window up is the GDX Up Down Volume Percent with an 18-period moving average. Readings above “0” also are a bullish sign and current reading is 21.64. These indicators help measure the short term picture for GDX direction; for now, they remain bullish. The monthly momentum indicators have turned up, suggesting the larger trend has turned up. As mentioned in yesterday's report, the Bullish Percent Index is not increasing and has instead neared 37% for the last couple of months. We would like to see more Gold stocks participating in the current rally. An increase in the Bullish Percent index would benefit the bullish case. Long GDX on 1/29/19 at 21.97.
Tim Ord,
Editor
Read Full Story »»»
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By: Tim Ord | February 13, 2019
SPX Monitoring purposes; Sold SPX on 2/12/19 at 2744.73 gain 1.36%; long 2707.89 on 2-8-19.
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
The top window is the daily RSI and readings above 50 are bullish (current reading is 57.24). The bottom window is the GDX Advance/Decline percent with an 18-period moving average. A reading above “0” suggests a bullish sign (current reading is 20.78). The next window up is the GDX Up Down Volume Percent with an 18-period moving average. Readings above “0” also are a bullish sign and current reading is 21.64. These indicators help measure the short term picture for GDX direction; for now, they remain bullish. The monthly momentum indicators have turned up, suggesting the larger trend has turned up. As mentioned in yesterday's report, the Bullish Percent Index is not increasing and has instead neared 37% for the last couple of months. We would like to see more Gold stocks participating in the current rally. An increase in the Bullish Percent index would benefit the bullish case. Long GDX on 1/29/19 at 21.97.
Tim Ord,
Editor
Read Full Story »»»
• DiscoverGold
Click on "In reply to", for Authors past commentaries
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
