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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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We Sell Real Estate; We Buy Gold

chessNwine Tue Jul 12, 2011 3:29pm EST 2 Comments

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The strong move that the IYR made today is fading, and by far the strongest areas of the market now are the gold miners. Note the potent buy volume today, supporting a retest of the 50 day moving average on the GDXJ, ETF for junior gold miners. The juniors now look poised to attack their Memorial Day highs.

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2 comments

  1. MOTV8
    MOTV8
    July 12, 2011 at 3:59 pm

    I must have the wrong junior.

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    • JakeGint
      JakeGint
      July 12, 2011 at 6:37 pm

      Do you have NUGT?

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      What is up w. everyone encroaching on my shit, anyway? Damned Philistines.

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