"Hope we get much more movement and range today"
I'm still on a buy signal, but ready to go to cash whenever it ends. The Trend remains up. I will flip to cash and buy some VXXB when I get the next signal.... What will cause the next signal and when? Don't know, don't care.... I just trade the signals....
Good Trading.
https://stockcharts....875&a=655653748
Long VXF and GDXJ I'm currently buying small tranches of GDXJ as we move lower.... (NO BUY SIGNAL YET) I trade the miners differently then stocks, and use different indicators and data.
https://stockcharts....576&a=655380510
Gold mining and silver mining shares have been quietly rebounding since they had slid to 2-1/2-year bottoms on September 11, 2018 more than a half year ago.
Hardly anyone realizes that two of the biggest net outflows out of all exchange-traded funds in calendar year 2019 have been GDX and GDXJ. The first is a fund of large-cap gold mining and silver mining shares, while the second is in the same industry but is concentrated in mid-cap shares. The total outflow for GDXJ has been approximately one-seventh of its entire market capitalization. Most investors have already forgotten or didn't realize that U.S. equity index funds mostly continued to experience net outflows not only during late 2008 and early 2009 when they were collapsing but all the way through the end of 2012. Investors didn't want to participate in the early years of the lengthy U.S. equity bull market when prices were experiencing their best bargains. This is due to several reasons:
1) the 2007-2009 collapse was fresh and painful in investors' minds through 2012;
2) when U.S. assets were truly compelling they were also highly volatile as deeply underpriced assets almost always are, thereby frightening away nervous investors;
3) since the media kept telling them that the recovery was unsustainable, investors hesitated more than they acted. The most money flowed into stocks in 2018-2019 when prices were near their highest levels in history. Whether they realize it or not, investors keep buying high and selling low and repeating this process over and over again.
https://truecontrari...k.blogspot.com/
Edited by robo, 03 April 2019 - 07:41 AM.