I’ve done another update to the gold trade from Trade Followers we posted in early January. Here is the current situation for gold stocks (GDX). Below is the chart associated with the new post. It’ll soon be time to add more to the position or close the trade. It’s make or break time.
I did a write up on Trade Followers about a buy signal for gold stocks generated from Twitter momentum / sentiment. It’s time to watch the trade closely for signs that it might turn into a long term trend change for gold and gold stocks (GDX). Here’s the associated chart…as a teaser. In addition, there are some interesting things happening with small cap stocks (RUT) and the NASDAQ 100 (NDX) that will likely tell us which way the market will break. Those two indexes will likely tell the tale. The short story is if sentiment for RUT breaks lower the market will likely follow. If sentiment for NDX breaks higher then odds favor new all time highs. Here’s a link to the post.
I did an update on gold (GLD) and gold stocks (GDX) at Trade Followers today. Things aren’t looking good. Here’s the chart that went with the post.
If you’re interested in the Twitter and StockTwits indicators, I’ve posted this week’s charts at Trade Followers. Here’s an example of the Gold Miner’s ETF (GDX) creating a long setup.
Below are charts with the strength scores for the strongest stocks on Twitter for the week and month ending 4/29/14.
Below are charts with the intensity scores for the most active stocks on Twitter for the week and month ended 3/18/14.
Below are charts with the bullish intensity scores for the most bullish stocks on Twitter for the week and month ended 3/18/14.
Below are charts with the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 2/18/14.
Below are charts with the intensity scores of the most active stocks on Twitter for the week and month ending 2/18/14.
Below are charts with the bullish intensity scores of the most bullish stocks on StockTwits for the week and month ending 2/18/14.
