Thursday, October 31, 2013

Miners fail, again

Here's GDX:

Failed to overtake its SMA(50) with the Tuesday reversal, then failed its EMA(20) today. Next up in the failure sweepstakes is the Bollinger mean.

And here's GDXJ:

It never even got to its SMA(50), and is now falling through its Bollinger mean with MACD signal failing to even become positive.

Sorry, dudes. That's failure right there.

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