Replies to post #2007 on Gold Miners ETF (GDX)

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The Ord Oracle
By: Tim Ord | March 6, 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 10-day average of the Bullish Percent Index for the Gold Miners Index. The Bullish Percent index measures the percent of stocks that are on Point & Figure buy signals in an index - in this case, it’s the Gold Miners index. We have drawn red vertical lines where the 10-day average of the Bullish percent Index exceeded 40% (the current reading is 44.78%), which represents an up-trending market. As long as the 10-day average of the Bullish Percent index stays above 40%, the uptrend in the Gold Miners Index should continue. Signals in the past could last a year or longer. Yesterday the Bullish Percent Index for the Gold Miners index Increased to 46.15%, up from 44.44% last week, showing that this index is getting stronger. Long GDX on 1/29/19 at 21.97.

Tim Ord,
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