Today seems to be the day that everything got pulled back to the 50-day SMAs. We all talk about adding to our positions during an impulsive upmove on such a normal pullback but it feels wrong doing it, emotionally. GDX 50-day SMA is $22.44 and coincidentally that was the low of the day. Just like MUX at $2.28. Yes, I started scaling in early on the pullback over the past couple of days but I suspect it will pay off big. Plus diversification in energy is really keeping the ‘ol portfolio stable on days like this.

MUX

and the GDX

GDX