GDX was the biggest loser in the Lazy Man portfolio today and at Friday’s close was solid red in the Final Signal column of the PDQ. Note that the average Target Days excursion is 3 days and the Days In number is 4 on the current Short trade positions. As of today’s close we have 2 new Final Signals…both Long. The PDQ tends to forecast market moves about a day or two before they actually transpire so for now I’m resisting any Longs in GDX until we get a bit more confirmation. As an aside, the GDX and TLT versions of the PDQ have proven consistently reliable in forecasting short term momentum (85% and 84%) respectively over the past 16 months when used in conjunction with the 1.5% equity curve stop.
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