McClellan Oscillator , a leading indicator was overheating and is cooling to allow price to rebound in SPX. We expect our May 4th low to hold into next week and higher highs to be seen in leading indexes with some weaker indexes like the Dow Jones Transports should set lower highs.
Expect large swings in the miners the next few days.NUGT will trade approximately 4 to 1 to GDX and 2 to 1 to NYSE Arca Gold miners index.
Bad news today from BLMN.
We have updated the Strategies and Money Management sections of our site please review when you have time. We will be adding new content in the days ahead which we will alert our Gold Members to. We anticipate 3-5 new trade signals into the middle of May. Please be ready. We recommend signing up for both email and Twitter alerts so you're covered.