Expect some pullback and higher volatility from here. Note weaker RSI and MACD relative to price. Buy a retested breakout if occurred.
We will keep it on the radar for the coming months, and would like to see further strength for confirmation.
Did you wish you bought gold miner back in February, and sold in July? This chart provided the clue. If the ratio breaks out the blue channel, it will be really bad for the miners.
The ratio is still within the triangle, with SPY has a slight advantage. Soon it will have to break out, or break down. Worst case is both SPY and TLT are going down, rendering the ratio useless (meaning cannot use TLT as a safe heaven).
Nothing yet but it has a rolling-over look, and thus be cautious.
The triangle is exhausting with a bias to the up side. Buy breakout if materialized with a stop around $7, and potential gain can be ~ 20 % (targeting $9).
It is approaching 200 DMA and the lower bound of the down channel. Also note RSI and MACD divergence. That is a good setup for a strong bounce. The plan is to buy $23.30 (if we get there) with a stop around $22.30). Long term uptrend is still intact.
It is bearish by all means. We will see if it can close above 10 month moving average next month.
Breakout (blue line) successfully retested. If you trust the chart this is a strong buy.
During last bull market, GDX had several corrections ranging from 17% to 21%. This time around it had a 14% and 16% (so far). Overall up trend is intact. I will buy breakout on daily chart but it is not there yet. Be patient.
It has been stalled for 7 weeks, MACD turns negative and RSI rising wedge breaks. Price is still holding well but I am watching the blue support line carefully. Overall up trend is intact given the rising 40 week moving average, any drop less than 20% should be seen as a healthy correction and should be bought given the up trend bias.
Since August bottom, it has made a higher low, RSI is at 47, MACD is now positive. It needs to go above the blue resistance line, or even better to make a higher high (like close above $28.70)
This ratio has been consolidating in the triangle. So far SPY has an upper hand but not much (RSI > 50, MACD > 0, price > 10 WMA > 40 WMA). So it is still warranted to continue to hold both bond and stock, and probably tilt toward to stock a little bit more.
So far it has a correction close to 20% and probably the correction is over. Today's price action is encouraging and hopefully it can close the day even stronger. I will start to worry if the correction goes beyond 20%.
The ratio has a breakout, held a higher high, is above 10 month MA, RSI broke out. So I guess it is time to BEGIN to overweight emerging market.
It has some overbought fatigue but overall still looks healthy. Buy new high if it can make it.
September will be critical as 10/40 week cross may occur (or fail). Might be a buy if price > $26.
MACD is now positive. RSI is flat, we want to see it go above 40. Price is still below 10 month MA but the higher low appears to be holding. Probably a buy around $8.50 ~ $9. Patient.