____________________________
Members of The PPT and 12631 can click here to see that the gold and silver miners saw the two highest hybrid score moves on Tuesday. In other words, The PPT algorithm detected the greatest intraday strength in the miners, of any industry in the entire market.
Overall, the market is perhaps a bit tired here. That said, calling for a top or even a correction is much easier said than done. As I noted in my recap earlier, I lightened up my portfolio. However, I still have little interest at this point in taking on short exposure. Even if many sectors and the indices undergo a pullback, we can still see a “lock and roll” rotation down to the miners.
Accordingly, I am spending tonight looking through the gold and silver charts.
NUGT has been like an ATM machine the last few days. However, I’m sure that your screeners missed a few slick oil stocks like good ol’ NEP and PBKEF today. QCOR was also heating up today in advance of tomorrow’s blowout earnings day (40.5% increase in EPS).
From reading the title i was expecting a different picture.