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NYSE ARCA GOLD BUGS INDEXNYSE ARCA GOLD BUGS INDEXNYSE ARCA GOLD BUGS INDEX

NYSE ARCA GOLD BUGS INDEX

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HUI trade ideas

HUI - Daily (GDX, GDXJ)Miners have been a tough trade lately, especially for bulls like me that had become accustomed to shallow retraces. I'm treating this bounce as a corrective rally unless an impulsive move takes out HUI 286.05 strongly. Targets for yellow waves (3) through (5) will have to wait for confirmed completion of wave (2). White wave 3 of (3) could be expected to reach 463, hold 332 in wave 4 of (3), then stretch to at least 645.75. Remember, the placement of labels are meant to suggest price targets, not timing. Similar patterns are possible on the GDX and GDXJ ETFs as well as a large number of individual mining stocks.
NYSE:HUILong
by nick.holland78
3
Bulls Bugs Beware | $HUI $Gold $XAU $AUD $CAD #forexFriends, While bulls are attempting to gore through a significant bearish entrenchment at 201.65, the possibility of a pullback to the predictive model's worst-case scenario level remains a fair plausibility - This level is defined as: - TG-x = 134.86 - 13 JAN 2015 Combined against an expected advance is an overhead resistance projecting from the most recent high-point of the current swing (blue dashed line). Surmounting this 201.65 level, however, is only half the battle, as the real bearish reinforcement is expected to occur at the 251.82 level. The long-term outlook remains bullish, with a mitigated directional bias for the most immediate term, based on the structural concerns mentioned above - For this reason, the directional bias indicator is left at "Neutral" until the price untangles from the current time-consumptive background geometry. If and once released from the 251.82 cap, a set of prop-based bullish target lurk far overhead, defined as: 1 - TG-Hi = 489.50 - 13 JAN 2015 and 2 - TG-Hix = 572.69 - 13 JAN 2015 Stay tuned, David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA ----- Twitter: @4xForecaster ----- .
NYSE:HUI
by 4xForecaster
28
Using HUI/VIX on weekly chart to anticipate major HUI movesHUI (Gold Bugs Index) throws signals relative to the VIX that are pretty obvious and allow plenty of time for entries and exits. I'll describe how in a minute - before that think about the aspect of Gold trading that is a "worry trade" and think about what the VIX is. As that sinks in, you realize that gold buyers are often playing a much longer time frame than the options traders who drive the VIX. So the signal mix here shouldn't surprise anyone with trading experience. The Chart - I've taken the Heiken Ashi of the ratio of HUI/VIX. The rationale for HUI/VIX? "Worry traders" - those who buy gold and those that track the VIX - aren't always the same people, but both are often hedging (or betting on) a market crash - or worse. This chart shows the ratio in the red/green candles and in the background the gray is HUI itself. The Sell Signal - I drew three horizontal lines where HUI/VIX pivots are common and pulled up the RSI (important - the Heiken Ashi is important here - it makes the RSI divergences easier to read). The signal pattern for a SELL of HUI is a bearish divergence on the HUI/VIX followed by a simultaneous spike in HUI to the top zone while the HUI/VIX moves down to the middle zone. In those cases HUI plunges shortly after. Why? I think of it as "hang time" - the gold believers are the last to give up - the VIX has moved lower and the S&P isn't showing worry anymore. Gold as a worry asset then follows suit because fewer new buyers are converted to owning Gold. The Buy Signal - Worry assets bottom when no one is worried. Yet worry is cyclical. We are very close (maybe 3 to 6 months out, IMO) from a worry low, and the chart shows it - we are sitting above the "no one is worried" pivot line, but we aren't there yet, at least according to past patterns on this weekly chart. THAT DOES NOT MEAN HUI HASN'T BOTTOMED. Sorry for the caps, but ratio charts are tricky - we can move firmly down into that bottom zone with HUI trading sideways (consolidation) and VIX dropping. I am actually expecting that very thing to happen and have linked a chart showing why I see VIX lower for 3 more months.
NYSE:HUI
by codypd
HUI Beautiful Completion Of Domed House And Three Peaks PatternFriends, -Perfect completion of dome and 3 peaks pattern in terms of price action and timings. -Sitting on a critical historical support line at the moment, this could be a good opportunity to get into this for the long haul. This pattern did complete a while ago, but it's important to use this pattern now as a tool in the future indicative trend. I will publish a trading plan for this separately in the near future. For observation purposes only. All the best, Tom
NYSE:HUI
by TomProTrader
2