UGLY miners action here. GDX/gold ration breaking down, top hit and rejected. Down we go?
we either have a wave 1 of a new bull market or more backing and filling
Started by
dharma
, Jan 05 2023 06:30 PM
1638 replies to this topic
#1632
dougie
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Posted 23 September 2023 - 09:06 PM
But Silver has a penant look not all the certain that new lows beckon
#1633
crossd
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Posted Yesterday, 06:08 AM
anyone have a count on NVDA?
dougie..here is a chart from Wolunchuks trading website...
https://www.tradingv...com/x/ypTe3Ssc/
donc
Thanks! Do you subscribe to Don?
..no..i occasionally use the website..Breeze does some amazing charts..donc
#1634
senorBS
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Posted Yesterday, 12:16 PM
HL now barely positive after this morning's successful retest of last Thursday's almost 1 yr new decline low and a bullish looking series of daily RSI divergences - potentially nice looking bullish "coil". Also, last couple days have seen another 3 yr marginal new low in the SILJ/SLV ratio and more divergences there as well and that ratio is now not that far from the 2020 extreme crash low. And does CDE now have a classic daily "island" bottom in place as recent low test the 2020 crash low? We have gotten fairly extreme in a lot of this stuff, barring a gen mkt CRASH I would normally see this as bottoming action, but still being very cautious, as always DYODD
OT: FWIW this morning I just started dipping my toe in the water of several AI "oriented" stocks as I hope to build a 7-10 stock portfolio with only a small part (ultimately 10-15%) initially of my portfolio, I bot just under 1 percent mostly in stocks that have had severe corrections. I believe this sector over the next 1-3 yrs could boom like internet stocks in the 90's, just my opinion.
Senor
Edited by senorBS, Yesterday, 12:20 PM.
#1635
Smithy
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Posted Yesterday, 01:00 PM
Thanks Senor. My feeling is that g&s are getting nearer to do-or-die this week.
#1636
senorBS
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Posted Yesterday, 03:06 PM
Thanks Senor. My feeling is that g&s are getting nearer to do-or-die this week.
silver area, specifically miners really looks just whacked out to me, more of my focus is there at this time FWIW I keep looking at that CDE chart and solid HL action today, we see
Senor
Edited by senorBS, Yesterday, 03:07 PM.
#1637
Smithy
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Posted Yesterday, 03:47 PM
I have to wonder if $SPX made a tradable low today.
#1638
senorBS
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Posted Yesterday, 05:23 PM
I have to wonder if $SPX made a tradable low today.
yeah, was looking at that as well, seems yields and dollar in a possible blowoff phase
#1639
dharma
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Posted Today, 09:43 AM
miners continue to be beaten u0.
i believe we are on the precipice of a bear market in the broad market. there are many black swans circling. and the broad market has 7 stocks pulling the indexes higher
well this is a reality check
https://www.zerohedg...-all-over-again
this is what sinclair and holter have talked about
dharma
not feeling cheery this am
