02/19/2013 Live Update

[quientuves]

INTRADAY ONLY
This is sooooo toppy it’s ridiculous
Oh wait a minute let’s squeeze again shall we?

Easy guess: bear-stops would be just above hi 153.02
Yes, there are the three bears left, and goldilocks wants to take them out and squeeze them to death…

Those guys should have use a nice amount of Bernie's money to take some bear's stops...

oh, wait...

[deeko]

Trading outside the bollinger bands on $SPX and $IWM

[MrMiyagi]

[deeko]

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great post and chart. thanks.

[Al_Dente]

Those guys should have use a nice amount of Bernie's money to take some bear's stops...
oh, wait...

quientuves: honestly I was thinking that all weekend
as long as money is free and rates are zero, there is no top to this
(just the requisite pullbacks/breathers to confuse all)

unless….maybe “this time is different”….

[Cobra]

breakout as expected. target met. biggest bar on volume surge, may see pullback here first though.

[Nrsimha]

XIV, finally a touch of the upper channel...would like to see this act as resistance...

TG: Do you have an upper target for $SPX or for SPY?

[MrMiyagi]

Cobra,

Since you have a paid service at Stockcharts, can you ask them what are the 29 or 30 stock components of BPGDM?
Thanks.

[deeko]

the new rule is all selling will be met with a more voracious buying appetite, pushing us higher, FOREVER!

Evidence: Small caps have been positive every week this year!

[Cobra]

Cobra,

Since you have a paid service at Stockcharts, can you ask them what are the 29 or 30 stock components of BPGDM?
Thanks.

I think the top 10 holdings are here: http://finance.yahoo.com/q/hl?s=GDX+Holdings

You may find all holdings on the GDX official issuer web site.

[TraderGirl]

XIV, finally a touch of the upper channel...would like to see this act as resistance...

TG: Do you have an upper target for $SPX or for SPY?

Well, SPY may be wanting to touch this upper trendline...I thought we would have turned down by now...so SPY 153.5 or 153.6 may cause a reaction?? It'd be nice if we got there today....

[MrMiyagi]

WTF? Anything going on in the Middle East that is new?

[TraderGirl]

If SPY headed there....maybe Dow headed here...?? can only speculate...

[MrMiyagi]

I think the top 10 holdings are here: http://finance.yahoo.com/q/hl?s=GDX+Holdings

Thanks Cobra but they dont use all the same miners; I know that BPGDM has 29 or 30 stocks in it, I don't know if it is a proprietary Stockcharts indicator or not.

[fehro]

larger SPX channel.. tag top of the channel? 1540-1550?

[Harapa]

For SPY expect some resistance at this level. On the other hand, a break out will be very positive for the bulls. Bears need to pierce lower red TL, plus bottom setup to turn negative.

And it looks like a break out.

[L_T]

WTF? Anything going on in the Middle East that is new?

A sudden breakout of peace?

[Al_Dente]

GDX replicates GDM (NYSE Arca Gold Miners Index)
“GDM is a modified market capitalization-weighted index, and provides exposure to publicly traded companies worldwide involved primarily in gold mining, representing a diversified blend of small-, mid- and large- capitalization stocks.”

GDX has 31 holdings; these top ten (as of 1/31/13) represent 64% of the GDX.
16.6% of total GDX is US stocks, and 83.3% international

1. Barrick Gold Corporation (ABX): 12.26%
2. Goldcorp, Inc. (GG): 11.06%
3. Newmont Mining Corporation (NEM): 8.21%
4. Yamana Gold Inc (AUY): 5.16%
5. Silver Wheaton Corporation (SLW): 5.19%
6. Anglogold Ashanti Limited ADR (AU): 5.18%
7. Gold Fields Ltd (GFI): 4.94%
8. Randgold Resources Ltd ADR (GOLD): 4.7%
9. Kinross Gold Corporation (KGC): 4.6%
10. Agnico-Eagle Mines (AEM): 4.29%

The percentages (above) vary depending on your source. These were taken from the fund’s website:
http://www.vaneck.com/funds/GDX.aspx?re ... DX&LN=3_02

Also, more holdings in weighting order (this part may be stale): EGO, GFI, BVN, RGLD, NGD, “Iamgold Corp”, HMY, ANV, “Pan American Silver”,
“First Majestic Silver”, CDE, “AuRico Gold Inc”, HL, SSRI, “Nevsun Resources, Ltd”, “Aurizon Mines, Ltd.”, “Seabridge Gold, Inc.”, “Tanzanian Royalty Exploration Corporation”, GSS, VGZ, GBG

[MrMiyagi]

I thought BPGDM might be the reflection of AMEX GDM, just wanted a confirmation.

[KeiZai]

Getting close to my targets area where air is getting thiner and thiner but will wait for confirmation no need to hurry until then I am happy with the XIV

viewtopic.php?f=2&t=825&p=117830#p117830

GN