Here’s the action on 10 minute bars over the last couple days on SPY (shaded), GLD, GDX, TLT and XLF. Luckily, my GDX bottom fishing connected yesterday although, as usual, I should bought more. Both yesterday and today see GDX marginally stronger than GLD which may simply be a function of beta….GDX is .69 and GLD is .10. In the Lazy Man Rotator (5 ETFs) (not shown) XLB and EEM are the clear leaders. A three day weekend should mean sell the afternoon session, but low volume and the usual prop shenanigans to “do the opposite†may put the hex on that tactic. It’s never dull.
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