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Stocks remained relatively flat yesterday in front of today's important FOMC policy statement. The Dow ended the day up 13-points, the S&P and Nasdaq were basically flat as well, but small caps had a nice day. After the bell however, more trouble on the earnings front put some pressure on stocks after hours.
Stocks opened lower on Monday and saw some stiff losses throughout the morning. The bulls stepped up and there was some afternoon buying with a late spike higher as the Dow ended the day with a 27-point loss, erasing most of the nearly 150-point loss it had earlier.
Welcome to my Blog.
I will discuss things relating to GDX, NUGT, DUST, T/A, EXCEL, and/or Algo's, etc. A couple of times per week (at least).
This post is a basic introduction.
What is GDX?
"Market Vectors® Gold Miners ETF (GDX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index (GDMNTR2), which is intended to track the overall performance of companies
Stocks were mixed on Friday after a late rally erased most, if not all, of the the morning losses. The Dow gained 21-points while the S&P was flat, small caps were up strongly, but the Nasdaq was down on tech earnings. The dip buyers barely lasted an hour on Friday after the 100-point loss on Thursday and more weakness to start the day on Friday.
The markets continue to reluctantly trudge ahead, climbing the wall of worry, while leaving the naysayers behind.
There isn't much else to add, it's sort of a sleeper, where prices are creeping up inch by inch. While the S&P 500 has thus far had a very average (middle of the road) statistical month, W4500 has fared better on the weekly timeframe. And for those who are still drinking the bear cool-aid, both SPX & W4500 have closed up 10 of 16 weeks. Adding to the confusion, AGG has