kilo1romeo
Long

Junior Gold Miners coiling in low vol p/back.

BATS:GDXJ   VANECK VECTORS JUNIOR GOLD MINERS ETF
68 3 2
$GDXJ has shown signs of accumulation since Q3 2014. See Excess Demand/Supply signals. It appears $GDXJ is getting ready to outperform $GDX Gold             Miners etf (see chart shown below). $GC Gold futures             also have shown accumulation. I am planning to leg in to the Juniors. To reduce risk I prefer to invest long in the Gold             Miner etf's.
kilo1romeo
2 years ago
$GDXJ static daily
snapshot
$GDX vs $GDXJ daily
snapshot
$GDX vs $GDXJ weekly
snapshot
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Algyros PRO
2 years ago
Interesting chart, but I'm not sure that I fully understand it or how it's used. Any additional information would be greatly appreciated. For example, are the indicators you use here appropriate for other instruments (SPY, for example)?
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kilo1romeo Algyros
2 years ago
The concepts of my scripts shown is advanced tape reading as the auction takes place. By spreading out the signals, I don't rely just price based indications. No one indicator can be used alone to determine a likely outcome. I must have confirming signals. BTW not just multiple price based indicators measuring the same thing. Why have a MACD, RSI, and Stochastics on the same financial instrument when the all measure the same thing three different ways? The first chart of the GDXJ: Magenta price bars indicate likely professional sell/short activity as measured by volume, open, high, low, close, range, finra short data, etc (my formulas); green price bars, likely pro buyers/covering; yellow for lo demand; white for lo supply. Support/Resistance are calculated and plotted automatically via my script. The larger the shape (circles or X's the more significant the level). Remember, what was once support can become resistance and vice versa. The S/R levels will often drop off automatically (expire) before price moves through. Finally, I coded Excess Demand & Supply signals (formula) that are numerically weighted to allow investors from the short term to the long term to select. What the information says is early Jan saw a medium term (3) and a long term (4) excess demand signals calculate after a short term (2) one calculated November 6, 2014. This is quite bullish. Nothing is ever an absolute slam dunk. Hence why I am legging in on a PULL BACK. I rarely buy on an up day or week. Additionally, the GDX / GDXJ chart just shows a comparison. GDX has outperformed the GDXJ. When risk tolerance rises, the juniors will outperform the major gold miners. It looks like a turning point. This in a confirmation. Thanks for the comment and question. If you have any others feel free to ask away.
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