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Truth is timeless: “Markets never change” – Jesse Livermore, 1923 The early masters, Livermore, Wyckoff and Loeb isolated themselves from the crowd and crowd thinking. None of them ever graduated high-school and yet they each became legends in the market. Their techniques have been time-tested.... More
  • Market Update: DUST, GDX 0 comments
    May 14, 2014 3:04 PM | about stocks: DUST, GDX

    The Market Vectors Daily Gold Miner ETF (NYSEARCA:GDX) has not decisively penetrated our stop level and in fact is reversing.

    The Hourly chart of the Direxion Daily Gold Miner Bear 3X ETF (NYSEARCA:DUST) shows that price action has attempted to make a new low. That move has failed.

    Price action has now reversed and is moving back into the range.

    (click to enlarge)DUST Hourly

    Chart by TeleChart

    It should be noted that the overall markets (Dow, S&P 500) appear to be in a reversal as well.

    Disclosure: I am long DUST.

    Stocks: DUST, GDX
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