Goldtent TA Paradise

GDX Shallow MACD Angle Denotes Lack of Momentum and A Bear Cross…

1. Tim says:

   May 12, 2015 - 7:35 am at 7:35 am

   Even the TRIX is about to roll over. I’ve noticed on other charts that the TRIX and the MACD signal line are often quite close to each other so that the MACD signal line can almost substitute for the TRIX.

2. EagleSeagle says:

   May 12, 2015 - 8:27 am at 8:27 am

   TRIX is a “smoothed out” MACD and lags; but yes, the TRIX is very reliable.

3. RJ says:

   May 12, 2015 - 8:28 am at 8:28 am

   My biggest concern is that the weekly GDX chart indicates more upside likely.

   http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=2&mn=11&dy=0&id=p56467830641

4. EagleSeagle says:

   May 12, 2015 - 9:23 am at 9:23 am

   RJ, stoch 5 is pointing down (more sensitive than stoch 14) and the RSI 14 remains below 50–both bearish. AND the daily movement precedes the weekly. I would like to see the weekly below the 13 moving average, and currently it’s not.

5. EagleSeagle says:

   May 12, 2015 - 9:35 am at 9:35 am

   The 5 minute DUST WAS the warning sign…DUST 60 minute lower trend line violated.

6. EagleSeagle says:

   May 12, 2015 - 9:41 am at 9:41 am

   All I can say, no way would I buy and hold DUST. Day trading vehicle only.

7. EagleSeagle says:

   May 12, 2015 - 9:45 am at 9:45 am

   NUGT is heading to test $12.50

8. carolynsue13 says:

   May 12, 2015 - 10:44 am at 10:44 am

   No, no not at all–you aren’t beating a dead horse IMO….thanks for the continued commentary re what is playing out and how it differs when looking at the 5 minute vs the 60 minute charts

9. carolynsue13 says:

   May 12, 2015 - 11:11 am at 11:11 am

   you can see the declining volume clearly….so I think I’m going to hold my JDST for the time being….GDX looks like a sick puppy

10. RJ says:

    May 12, 2015 - 11:24 am at 11:24 am

    I will go short in another hour or two.

11. shortstack says:

    May 12, 2015 - 11:30 am at 11:30 am

    thanks for your updates eagle

12. EagleSeagle says:

    May 12, 2015 - 11:52 am at 11:52 am

    http://stockcharts.com/h-sc/ui?s=NUGT&p=60&yr=0&mn=1&dy=15&id=p37079621667&a=385256974&listNum=1
    WATCH NUGT HITTING TARGET!

13. RJ says:

    May 12, 2015 - 12:03 pm at 12:03 pm

    touch and go, pretty fast turnaround

14. JamesBrrando says:

    May 12, 2015 - 12:26 pm at 12:26 pm

    Miners= very weak confirmation, I am suspicious. Also a cycle top is due in the next 3 days.

15. shortstack says:

    May 12, 2015 - 12:31 pm at 12:31 pm

    http://charts.dacharts.net/2015-05-12/d1a546.png

    eagle… note the green line above on gdx.. another possible target

16. EagleSeagle says:

    May 12, 2015 - 12:36 pm at 12:36 pm

    SS, yes, if 12.50 is breached that is next. NUGT 5 min going for a retest; we have a RSI neg div developing.
    http://stockcharts.com/h-sc/ui?s=NUGT&p=5&yr=0&mn=0&dy=2&id=p50683804153&a=388444196&listNum=1

17. EagleSeagle says:

    May 12, 2015 - 12:39 pm at 12:39 pm

    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=3&dy=0&id=p68002682448&listNum=1&a=407316768

    SS, pink line is your target too…

18. shortstack says:

    May 12, 2015 - 12:46 pm at 12:46 pm

    thanks eagle…. nice charts

19. shortstack says:

    May 12, 2015 - 12:52 pm at 12:52 pm

    http://charts.dacharts.net/2015-05-12/d1a550.png

    ive also had my eye on this channel in gdxj.. wondering if it might go back to the top..

20. shortstack says:

    May 12, 2015 - 12:52 pm at 12:52 pm

    the green lines is the primary channel im referring to

21. EagleSeagle says:

    May 12, 2015 - 12:58 pm at 12:58 pm

    12.50 is holding strong so far on NUGT…

22. shortstack says:

    May 12, 2015 - 1:08 pm at 1:08 pm

    nice call on nugt 12.50

23. EagleSeagle says:

    May 12, 2015 - 1:24 pm at 1:24 pm

    Move to 5 min dust chart…use 13/34 cross for trade confirmation

24. EagleSeagle says:

    May 12, 2015 - 1:54 pm at 1:54 pm

    RE:DUST we have a gap to fill at 13.33; important how DUST reacts at this juncture.

25. shortstack says:

    May 12, 2015 - 2:05 pm at 2:05 pm

    looks like you got your 13/34 cross

26. shortstack says:

    May 12, 2015 - 2:11 pm at 2:11 pm

    im also looking at jdst and jnug for the 13/34 cross.. i know you are in dust… just looking to see if jdst follows suit..jdst has not crossed yet

27. EagleSeagle says:

    May 12, 2015 - 2:21 pm at 2:21 pm

    http://stockcharts.com/h-sc/ui?s=NUGT&p=60&yr=0&mn=1&dy=15&id=p37079621667&listNum=1&a=385256974
    Bear flag to complete on NUGT 60? watch reaction to lower dotted thin blue line. #1 line will be breached or #2 will continue trek higher.

28. EagleSeagle says:

    May 12, 2015 - 2:23 pm at 2:23 pm

    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=3&dy=0&id=p68002682448&listNum=1&a=407316768
    GDX Daily back below trend line. Important where this closes today…

29. EagleSeagle says:

    May 12, 2015 - 2:25 pm at 2:25 pm

    On the 5 minute DUST watch the 13 and 34…on a strong move DUST will stay above 13. Watch 34 MA, if starts to fall below not good for DUST.

30. EagleSeagle says:

    May 12, 2015 - 2:36 pm at 2:36 pm

    Also, RE: DUST 5 minute “strong internal momentum” is denoted by the 144 stoch being above 50, preferably 80. NUGT 5 the 144 stoch has been above 50 the past 2 days; regardless of the 13/34 crosses–strength has leaned towards NUGT

31. EagleSeagle says:

    May 12, 2015 - 7:58 pm at 7:58 pm

    grin’s 30 min chart updated with divs…
    http://stockcharts.com/h-sc/ui?s=DUST&p=30&yr=0&mn=0&dy=10&id=p82659759659&listNum=1&a=404884291

32. EagleSeagle says:

    May 12, 2015 - 9:05 pm at 9:05 pm

    GDX Weekly looking IT term bullish EOD. RSI breaches 50, stoch 5 turning up, plenty of room to run on the TSI. On the daily, GDX breached the back test line that has been holding for a few days. NUGT testing 12.50 resistance x 2. Three times is usually a charm. DUST 30 has a positive div, but that could be short term lived. Tommorrow is another day. Everyone is really assisting to obtain a common goal–making money. This, needless to say, is a tough trading environment.