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Thursday, August 29, 2019 7:17:20 AM
The Ord Oracle
By: Tim Ord | August 28, 2019
SPX Monitoring purposes; Sold SPX on 8/27/19 at 2869.16= gain .77; long 8/23/19 at 2847.60.
Monitor purposes GOLD: Long GDX on 1/29/19 at 21.96.
Long Term Trend SPX monitor purposes; Sold SPX 7/5/19 & 2990.41= gain 2.63%.
The 18-day moving averages of the Up Down Volume (second window up from bottom) and 18-day moving average of the Advance/Decline (bottom window) are still above “0” and both closed higher than yesterday’s readings. Yesterday, we said "any short term weakness in GDX could push both indicators below “0” and would suggest GDX is heading to a larger consolidation period." Both indicators got stronger just when they needed to. Both indicators remain above “0” and are bullish for now. GDX is heading towards the 2016 high (near 31.00) and we will see what happens there. The longer-term trend remains up, while the intermediate-term trend remains up for now. Long GDX on 1/29/19 at 21.97.
Tim Ord,
Editor
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• DiscoverGold
By: Tim Ord | August 28, 2019
SPX Monitoring purposes; Sold SPX on 8/27/19 at 2869.16= gain .77; long 8/23/19 at 2847.60.
Monitor purposes GOLD: Long GDX on 1/29/19 at 21.96.
Long Term Trend SPX monitor purposes; Sold SPX 7/5/19 & 2990.41= gain 2.63%.
The 18-day moving averages of the Up Down Volume (second window up from bottom) and 18-day moving average of the Advance/Decline (bottom window) are still above “0” and both closed higher than yesterday’s readings. Yesterday, we said "any short term weakness in GDX could push both indicators below “0” and would suggest GDX is heading to a larger consolidation period." Both indicators got stronger just when they needed to. Both indicators remain above “0” and are bullish for now. GDX is heading towards the 2016 high (near 31.00) and we will see what happens there. The longer-term trend remains up, while the intermediate-term trend remains up for now. Long GDX on 1/29/19 at 21.97.
Tim Ord,
Editor
Read Full Story »»»
• DiscoverGold 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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