I haven’t been trading gold or miners for a couple of weeks, but I’ve been watching it tumble recently with interest. My opinion is that miners are getting near a couple of strong areas of support, and I suspect GDX will put the brakes on at about $24.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Short Circuit
Having filled its gap on February 26th (see green tint), Jabil started to break down again. I shorted it soon after its gap filled, and last night, after reporting earnings, Jabil was very strong after hours. Well, not so much anymore. The red arrow is pointing to today’s bearish engulfing pattern. I am more confident about this short now than before, since even strong earnings can’t keep it propped up.
