OPTIONS LIQUID EARNINGS ANNOUNCEMENTS: MU (77/112) NKE (74/103) EXCHANGE-TRADED FUNDS ORDERED BY IMPLIED VOLATILITY RANK: EWZ (91/132) USO (89/210) XLU (84/76) GDXJ (82/141) XLE (77/109) EWW (76/105) SMH (73/105) TLT (71/47) XOP (63/154) SLV (73/79) GLD (63/37) FXI (61/63) GDX (57/106) BROAD MARKET ORDERED BY IMPLIED VOLATILITY RANK: IWM (76/71) EEM...
Some significant divergence? Have people realised this yet? Where do we go from here?
I believe the miners are undervalued and stand to do well moving forward. Gold and silver have shown their stability through history and remain solid in my opinion. I see a lot of potential in the miners. (renko blocks are not playable so I'l have to post updates below)
Gold miners are clearly worthless now that gold is down 10% from the high. Does anyone know who planned this event?
#Gold is now retesting the rising trend line from the Aug '18 low. A break here would target the major horizontal breakout area ~$1530-$1540. That will be the last gasp to preserve a bullish regime. Below that level could send gold down towards a 1370 retest. #GLD #GDX $GDXJ
Looks as though the Gold to Silver Ratio has peaked just over 100 and the popular pairs trade of Long Gold and Short Silver has run its course.. Back Up We Go... See Chart for Details and Target Price. Should Bernie Sanders upset Biden tonight, it would justify a more explosive move to the upside. AMEX:JNUG AMEX:GDXJ AMEX:NUGT AMEX:GDX TVC:SILVER...
EARNINGS: ADBE (89/65) and ORCL (77/60) both announce earnings on Thursday after market close and have the metrics I look for in earnings-related volatility contraction plays (>70% rank; >50% 30-day implied). Pictured here: a short strangle paying 11.65 at the mid price camped out around the 16 delta. Its defined risk counterpart: the 265/275/395/405 ten-wide...
miners have re-entered my "I'm interested" zone. I think 2020-2021 has very good things ahead for the miners and the things they mine exciting $nugt $dust $gdx $gdxj $jnug $jdst sorry for the ugly chart
Nice cup and handle, but will it complete the pattern?
EARNINGS: SQ (77/59) announces Wednesday after market close and has the volatility metrics I'm looking for out an earnings-related volatility contraction play -- implied in the 70th percentile or greater over the past 52-weeks and 30-day at or greater than 50%. Pictured here is an SQ April 17th 72.5/100 short strangle camped out around the 20 delta paying 3.55...
Just building up, the GDX Gold Miners, which were lagging Gold prices for a while, is now on the verge of a breakout... from a tilted Cup & Handle Pattern, as well as a Triangle. MACD and OBV are bullishly supportive, and momentum is strong. A breakout sets an upside target of 32.50. Enjoy the ride!
$GDXJ Gold Junior Miners finally breaking out of resistance above $43. Next stop $52. $GDX $GLD #gold
It is uncharacteristic for the miners to lag in this way, usually, it goes the other way around. The explanation is simply that the S&P is near all-time highs and has signaled repeatedly to short the gold mining companies and ETFs. GDX resistance in the $31 region is not likely to hold this time. Gold miners are seeing all-time record profits due to gold...
If you look at the previous gold rally from 2001 to 2011 you'll see a similar pattern of the 50DMA crossing below the 100DMA and then a few days/weeks later rising above it again and rallying to new highs. I believe this is what we're seeing right now. Gold is going to touch $1700 in the next rally, or get VERY close before correcting. Let's see how it plays out...
To me I am finally getting a buy signal on miners. GDXJ has been supported by the 50 sma and is getting a move higher. The upper trend line was crossed, BUT we didn't close above it yet. I do see a cross of the 8sma and 13ema which is a buy signal. I had a buy signal on AXU yesterday. Pretty close to lift off.
EARNINGS: The earnings that are best metrically for earnings-related volatility contraction plays are DISH (87/59), TECK (87/52), and DBX (82/57). Unfortunately, strike availability in DISH is limited to two-and-a-half wides, making it an unattractive play given its stock price (39.97 as of Friday close). Pictured here is a DBX (82/57) skinny short strangle in...
#Gold still looks strong to me. Price remains in early stages of 5th wave higher. Rising channel from the Aug '18 low remains in tact. Key levels I'm watching are 1540 to downside, which would test rising support & 1590 to upside. Break should kickstart next leg higher $GLD $GDX