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Message: $TSX SPURS breaks out!
$TSX SPURS breaks out! YAHOO!!!!!!!!
The $TSX finally caught a bid after a nasty downdraft.
This is an excellent move today confirming a push higher. The divergence on the MACD and RSI are very strong. Friday's low looks to be the end of the recent push down.
Most importantly, the $TSX is outperforming the $SPX as shown by the purple area behind the RSI.
My stock market indicators flipped to a buy signal after market close last night. We'll ride it until we can not!
FInally!
Good Trading,
Greg Schnell, CMT
Posted at 10:56 AM | Permalink | Comments (0)
06/05/2012
Gold miners index is giving multiple buy signals..
The $BPGDM index is giving multiple buy signals.
Starting at the top, the RSI for the index is going above 70. thats bullish. The purple shaded area (SPURS) has broken a downtrend. That's bullish !
The crossing of the index above the 8 ema is bullish. But finally a parabolic sars buy signal occured today.
Just to confirm it all, the MACD moved into positive territory.
Put money in and forget the stop? Definitely Not!!! We are in an unprecedented period of government intervention in the markets globally. Make sure you are protected against adverse affects.
To buy this trade, you would buy XGD.TO or HGU.TO, or HBU.TO.
Good Trading,
Greg Schnell, CMT
Posted at 10:19 PM | Permalink | Comments (0)
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