GDXJ - follow up.
GDXJ has been basically flat since I got in @ $40.25
I still believe the golds are all making a large head and shoulders pattern. My only real fear is that maybe it is too obvious. Meaning that maybe it is becoming a crowed trade. In my experience it seems like the prettiest chart patterns tend to fail.
Another interesting thing I came upon is that it seems several Funds are taking interest in this ETF as well. In fact, according to
whalewisdom.com/stock/gdxj there has been increase of 36%. Compare this with SPY and QQQ which is 1% and -8% respectively.
Another interesting point of research is that gdxj and gld both have outperformed spy 80% of the time in Aug. Sep has under-performed.
stockcharts.com/freecharts/seasonality.php?symbol=gdx
I still believe the golds are all making a large head and shoulders pattern. My only real fear is that maybe it is too obvious. Meaning that maybe it is becoming a crowed trade. In my experience it seems like the prettiest chart patterns tend to fail.
Another interesting thing I came upon is that it seems several Funds are taking interest in this ETF as well. In fact, according to
whalewisdom.com/stock/gdxj there has been increase of 36%. Compare this with SPY and QQQ which is 1% and -8% respectively.
Another interesting point of research is that gdxj and gld both have outperformed spy 80% of the time in Aug. Sep has under-performed.
stockcharts.com/freecharts/seasonality.php?symbol=gdx
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.