Just thought I'd mention that on my FreeStockCharts.com 60 min GDX chart, the GDX:GLD ratio went on a sell signal around noon today. I'm still holding short from 60.10, and using your chart, Matt, hopefully can make this short trade a profitable one. Don't know that I'll wait around for the mechanical system to signal long though!

So the BPT page just hasn't updated yet? It says the 8 day is 62.92.

OTOH, the 10 min chart on today's action suggests it might want to have another push over 59.76.

a 50% retrace of the drop from 61.30 to 58 would be at 59.70, and we're almost there. Might not be a bad place to exit, maybe 1/2.

look at a 60 minute chart. Price dropped from 61.30 to about 58 late last week into early this week, then turned and has been going up slowly on lower volume. This latter move after a down trend is known as a bear flag.

agreed on the flag on the 60 min chart.

Matt, it looks like we'll get a GDX sell today, yet the GDX:GLD ratio on the 60 min chart gave a buy signal this morning! I may "override" the auto pilot and take her into "manual mode," sticking w/ the ratio signal since I'm already long. Does this make any sense? What say you? My only worry is the market overall seems toppy. 

You could short TLT. That way the degradation works in your favor.

another problem is radiation exposure and worker limits: once they reach their limit, they must be pulled out and cannot return since exposure is cumulative, and can't be relieved by a brief stay away.

I definitely got the message that it's a shorter term trade. Okay, so are suggesting now is as good a time as any to close the position, given that it hit 95? Even if it's not near that now?

happened too quickly I couldn't get my stop closed and my orders in!

MCRL is right up against the trend line on a 60 min chart. we'll see if it holds.

so far, anyway!

There was some discussion of this exact point yesterday; put "GDX" in the keyword search and you'll find it.

As long as we're on the subject, I expect we'll have a GDX short email notification here momentarily, right?

Actually I have to use DUST in my IRA since I can't short. I buy exactly 1/2 the dollar amount I would have sold short of GDX. And yes, 16% stop loss. But the position is half the size and so far I've been able to handle it. The other alternative I've tried is buying puts, but didn't like that due to degradation. (Though there is degradation w/ any 2x etf as well.)

At the moment the BPGDM 8-day ma is above the intraday reading.

I am still in. 

If your broker has the ability, just set a contingent order using the stock price itself as the contingent. Fidelity has that capability.

FCX may be trying to fill the gap, then lower again. we'll see.