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View Full Version : Robots Update - May 11, 2012



Billy
05-11-2012, 04:02 AM
Thursday was a flat and neutral day for IWM and GDX but with some bearish money flows. Futures are looking ugly as of now and the money flows should tell us whether large players will be buying the gaps down or rushing for the exits.

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For the GDX RT model’s long position, I’ll keep my discretionary stop at a daily close below Wednesday’s VWAP (42.54). If there is no renewed buying at that level by large players, the key reversal day has a high probability of being just a one-day wonder and not part of a longer term accumulation program. The GDX model buy mode is also protected at the negative porosity level of the PM MF, or -0.121% today.
Billy

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