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  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
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  2. Stocks down, but close well off the lows


    Stocks opened moderately lower on Thursday but the selling accelerated a couple of hours into trading, before we saw some dip buyers show up to produce a little relief rally into the close. The indices still ended with stiff losses as the Dow shed 91-points, but that was more than 100-points off the morning lows.

    ...
S&P500 (C Fund) (delayed)

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EFA (I Fund) (delayed)

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