Huge gap — will it act as magnet? We’d love to see a fill on this gap and our style would dictate a buy on the 50SMA. We’re not betting on it but it’s definitely a possibility for which we want to be prepared.$GDXJ) is one of our favorite trading vehicles — and it illustrates some tough slogging ahead for the bulls. We posted this chart numberous times in November — we had bought a test of the trend-line on November 10 but had warned that another test of the trend-line would probably cater through. Technically this is still a bearish chart and for our time-frame the first test of the 50SMA (blue line) is a short.
$TLT bounced on 50SMA today. Keep today’s low on radar for rest of week.
$HG_F) loved the China lowering reserve requirement news — through trend-line with a blast, bullish.
$CAM 54, $GD 66.5 to give two examples). All we care about are opportunities, long and short, and it looks like we should get many of them in the coming days.