Another stock that's in my portfolio is JD.com (NASDAQ: JD), the national e-commerce giant second only to Alibaba (NYSE: BABA) in gross merchandise volume. It did remarkably well in the first quarter, when China saw its first economic contraction since the government began reporting statistics. It did even better in the second quarter as the wheels of the economy...
... and the junior miners will not be an exception too...
If the sector is going down the juniors will drop too.
We have the same indicator divergences:
GDXJ was underperforming in this intermediate cycle.
While GDX almost tagged the 2016 highs GDXJ was not even close to it.
