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userque's Blog

This is a blog about:

My CkNN NUGT/DUST trading algo
GDX/NUGT/DUST
T/A
Algos/Machine Learning
Trading
Etc.

  1. After Fed, GDX Remains in Descending Channel

    Been busy lately with testing/improving the Algo; otherwise, I would've posted sooner.

    Even with the big drop on Fed Wednesday, GDX remains within an orderly price channel; and has bounced off support. That said, the trend is still down:
    [IMG]http://imagizer.imageshack.com/img922/9548/VFjJ4D.png[/IMG]

    [U][B]VIDEOS:[/B][/U]

    [B]Gold Extends Weekly Losing Run Amid ‘Hawkish’ Fed Commentary[/B]
    [URL="http://www.bloomberg.com/news/articles/2016-05-20/gold-takes-brunt-of-the-selling-as-fed-primes-markets-for-hike"]Gold ...

    Updated 05-20-2016 at 10:50 PM by userque

    Tags: dust, gdx, gold, nugt
    Categories
    Uncategorized
  2. Where are you going, GDX?

    The direction is still unclear. The price remains in both superimposed channels:
    [IMG]http://imagizer.imageshack.com/img922/5310/crhW64.png[/IMG]

    A few recent talking heads regarding gold, etc:

    Ira Epstein:
    [URL]https://www.youtube.com/watch?v=OQBo_tCUOHQ[/URL]

    Kitco:
    [URL]http://www.kitco.com/news/video/show/Kitco-News/1256/2016-05-10/Gold-Stocks-Overheated-20-Correction-Coming-Says-Technician[/URL]

    [URL]http://www.kitco.com/ ...
    Tags: dust, gdx, gold, nugt
    Categories
    Uncategorized
  3. GDX Down Big

    GDX took a big hit Monday--down over 6%. Profit taking in light of a stronger dollar is mostly blamed for the fall by the mainstream media.

    This chart seems to suggest that there is uncertainty in which direction the trend, if any at all, is heading. Perhaps today will be the deciding factor.

    [IMG]http://imagizer.imageshack.com/img921/9867/GYjXza.png[/IMG]
    Tags: dust, gdx, gold, nugt
    Categories
    Uncategorized
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