close above 45.5 would be nice but 46.5+ would be better. (Next level is 52-53)
decay of 30% though since last tiem GDXJ was around 30 in OCT, It was trading @5-6 which is 59-60
can we sustain all day today to get around 52-53? I have my doubts. GDXJ is done nice job and its above 100DMA too now.
JNUG 100 day is around 79$ which again proves the point the long & strong doesn't work unless you are one of those lucky one(s) who bought and see it rallying like it has been since end of the year
decay is off by 35% as last time when GDXJ was around here we were about 60 (pre-split)
I'm still hoping to see retest 60 at the least and/or GDXJ 33-33.1 whichever comes first and get out if i can.
lets hope we can stay around 45-46 by EOD - i'm not counting on it..
GDXJ did well by making higher highs and turning the charts.. Now wait and watch in terms of pullback
too late to sell... I did sold some in 35-38 range on news of einhorn short and should have sold all. Oh well - I have other stocks to worry more as X is little in my portfolio.
seriously - 2 years of resistance will be broken just like that.... sure.... - I hope we see 8.8+ close to probably start the rally to 10+
IF for any reason pps can't get above 8.8 after ER; I think it will not see 9(s) for another 3-4 months
and bulls had a chance to break through but today beautifully tanked again. day is still young but dont like the fact that it went below 3.15 and even 3 as we speak..
Unless it managed to swing close above 3.35, I guess toast..