RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Gold versus Gold Miners:
Gold appears to be making a sort of rounding bottom - red. The blue resistance line seems to have turned to support, except, if you soom in, its just been broken. So is this a buy on the pullback sign, or is this breaking of support more than just a glitch?
Breadth of the gold producer is basically tanking, as seen on the % stocks above various EMAs, the Silver and Gold Cross Indices.
So it is not a surprise that I got stopped out my gold producers ETF recently.