GDX – Gold ETF

Posted on | by Leon Hinde

The below post is a copy of a publication on the 18th of October. Since making the post, gold stocks have performed well and we now look to trim the gains and rotate into oversold industrial & REIT names.

Vaneck Vectors Gold Miners  is under Algo Engine buy conditions following the entry condition earlier this year at $30. It is a current holding in our ALL ASX ETF model portfolio.

GDX ETF has corrected from $45 to $38 over the past 8 weeks. We feel buying support will now begin to increase.

Individual names are also now appearing on the radar, such as Newcrest Mining Northern Star Resources, Evolution Mining, OceanaGold and Gold Road Resources.

 

UBER – Algo Sell Signal

Posted on | by Leon Hinde

Uber Technologies is under Algo Engine sell conditions following a series of lower high formations since listing in May 2019.

The stock enters our radar as a potential for a short-covering rally. We expect weaker trading in the near-term but have set an alert to review the stock again should we see it trade below $25 per share.