[isatrader]

The Gold Miners Bullish Percent Index has dropped to levels (3.33%) not seen since December 2008 panic lows, and this is further confirmed by the Percentage of Gold Miners above their 150 day moving average data with only 4 stocks (5.9%) of the total 67 above their 150 day moving average. So watch for a reversal from these very low levels.

[goodtyneguy]

I've been watching GDX for a while now, if anyone's interested there is a buy set up but no trigger yet imo using a the 61.8 Fib level and a bullish engulfing candle but that's not for discussion here.

[isatrader]

As those who follow the daily S&P 500 breakouts and breakdowns thread will have seen already, it was another strong up week, with 41 new breakouts and only 2 breakdowns in the S&P 500. This has continued to push the Cumulative P&F Breakouts - Breakdowns line to new highs. So far this month there have been 98 breakouts and just 5 breakdowns, so the bulls continue to have control by this measure.

[isatrader]

Attached is the updated PUT/CALL ratio charts which continued higher this week.

[isatrader]

Attached is the S&P 500 / US Treasuries Ratio Charts which had no change this week, and so continue to favour being long US stocks and short US Treasuries.

[isatrader]

Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator, NYSE Volume Advancing / Volume Declining Ratio etc.

[isatrader]

Attached is the New Highs / New Lows set of charts

[isatrader]

Attached is the updated volatility breadth charts, which are still mostly on the sell side, with only the NYA/BPNYA ratio clinging onto bull status.