Volatility has been all over the place in GDX this expiration week and we are now firmly in the neutral camp. The PDQ is kicking out 3 new verified Signals, 2 Longs and 1 Short, all with AP equity curve ratings. These are typically the highest probability signals and the only caveat with the SHY trade is that it’s been in place for 6 days and is rapidly approaching exhaustion (think increased risk) relative to the average Target Days excursion of 4 days. Sometimes it’s just as important to know when not to trade as well as when to trade and this PDQ situation puts any potential GDX position in the former camp.
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