Tag Archives: GDX
A few Tgt’s
MMM…84.19 ( 200 day) 83.50 is monthly support GDX…looking for the stops to get elected under 39.08…then 38.24 CAT…75.80 is Fib support. 72 is the Monthly level. OXY…78.90…74.30 It’s a long day…markets should stay under pressure into London’s close. Time … Continue reading
GDX Gold Miners ETF
Many of you are or have been actively trading the Miners via the GDX. Technical resistance begins at 47.70-48.50. The move up from the low has been prodigious. Use mid-week strength into this zone to tighten up your risk parameters
Time Frame Trading
Spu/Bonds are flirting with the 200 day moving average. Both the Spu & NASD Futures are into near term resistance. GDX…the miners should reject 45.90-46.25 the first time up. ECA…needs a close over 21.18 for higher The technical areas written … Continue reading
A.M. Look 5/24/12
Crude Oil…all new price action over 91.70 is needed for higher. Gold…look for the mid to high 1570’s to be tough zone. GDX…as well as some names like NEM put in ORH days yesterday. As of now they look to … Continue reading
Aussie…GDX…MCP
It was cheap Insurance. At this point I would just push the trade and forget about it. The Spu needs sustained price action under 1290-91 for this trade to work. Notwithstanding the Metals and the GDX are still showing lots … Continue reading