I'm in.

Don't forget to mention that the ATR stop is an end-of-day stop, not intraday.  So, your intraday stop should be as listed on the GDX page, $60.38

NOV close to breaking to the down side.

both are testing or have made new highs in Sept over the July highs.  Doing a lot better than the S&P, that's for sure.  What is behind their relative strength? Especially considering oil has not been moving up in like manner.

H&S on GDX 5-minute? Or a bullish consolidation triangle.

Thx Steve.

GDX broke out of a descending wedge, following gold.  BPGDM intraday now above the 5-day ma.

so, how would you play that since it's a chart of SPX:GLD?  A pair trade long SPX and short GLD?  As you point out in the text w/ your chart, just going long SPX may not work since upward movement in the chart can be the result of a drop in GLD w/out a change in SPX.

all look like they're ready to exceed their morning highs.

thanks Steve, I am short from yesterday's break.  Seems to have lost the 50dma, at least as long as it doesn't rally today.

Matt, do you have a buy stop order in for gold (GLD)?  We're getting closer, I was wondering how you get into a trade like this.

The market made a higher high today (vs. yesterday), but MELI did not.  Steve, would you consider this a good place to enter short?

Thanks,

FRT

How is this a trade idea?  Should have been posted in Off Topic.

Not sure how a person would trade off that info.

Which index?  Did you mean on the Russell?

looks like a 4th wave triangle or flag pattern on the daily.

The hourly GDX numbers show the current BPGDM is now below the 8-day.

volume yesterday was 35K, whereas the average is around maybe 3k.  So, perhaps exhaustion selloff?  Currently in the 6.40's.  The other reason I bought was there was long term support around 5.85 - 5.90.  Well, we'll see!

SVM may have put in at least a short term bottom this morning.  I bought a little at 6.00, stop below today's lows.

How did you find out what I did in my youth?