The stock market continues to get hit this morning with the SPX down about 30 points. Our Direxion NASDAQ 2.5X bull/bear ST trading is now +92% since Oct 20, 2008! WOW!!!
GDX is falling into the 21 area and looks to be setting up a low late today or early tomorrow near 19.50/20.00. The mining shares are also about ready to give a nice ST buy signal.
Next update will be about 30 minutes before the close today.
We use Elliott Wave, cycles as well as technical, and sentiment in order to determine the direction of the Stock Market and Gold Mining Share Market. Trades verified by Timer Trac and trade the close each day. Gold trades track Profunds/RYDEX/XAU mining shares and not bullion. Weekend blog is for the longer term outlook and review of the week. Please support the Welcome Home International Foundation (below) and help yourself by getting your own My Power Mall. Please pass this blog on to others.
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