$GDXJ Option: Market Vectors Junior Gold Miners (NYSEArca:GDXJ)ETF

Posted by: : Paul EbelingPosted on: November 22, 2013 $GDXJ Option: Market Vectors Junior Gold Miners (NYSEArca:GDXJ)ETF

$GDXJ Option: Market Vectors Junior Gold Miners (NYSEArca:GDXJ)ETF

Fund Summary

The investment seeks to replicate the Market Vectors® Global Junior Gold Miners Index.

The fund normally invests at least 80% of its total assets in securities that comprise the fund benchmark index. It will normally invest at least 80% of its total assets in companies that are involved in the gold mining industry.

The Junior Gold Miners Index includes companies that generate at least 50% of their revenues from Gold mining and/or Silver mining or have mining projects with the potential to generate at least 50% of their revenues from Gold and/or Silver when developed.

The fund is non-diversified.

Phone: 888-658-8287

Headlines: Gold Hits Multi-Month Low After Federal Reserve Talks Taper

http://wallstcheatsheet.com/stocks/gold-hits-multi-month-low-after-federal-reserve-talks-taper.html/?ref=YF

Option Alert

A new 3-month trading record was established on both the Call and Put side for shares of Market Vectors Junior Gold Miners ETF.A total of 9,123 Call and 10,107 Put Option contracts were traded raising a high Put/Call Volume alert.There were 1.1 puts traded for each call contract yielding a 1.11 Put/Call Ratio (PCR).An increase in Option trading volume of a stock’s option often is a signal of movement by the underlying stock.

In such instances, PCRs can be used as an investor sentiment indicator, where a high PCR implies that the overall investor sentiment is Bearish and a low PCR  implies that the sentiment is Bullish.
Market Vectors Junior Gold Miners ETF finished at 33.38, down 1.62 (4.63%) in Wednesday’s trading session.

Wednesday’s trading range was: 33.02 – 34.93.

Wednesday’s volume: 2-M/shrs is above the average 90 day volume of 1-M/shrs.

GDXJ is trading below its 50-Day MA and above its 200-Day MA.

The stock’s 52 week trading range is: 32.84 -90.24.

Analyst’s Recomendation: Buy Early Call

Performance Metrics
Week Month Quarter Half Year Year
0.09% 8.74% 27.55% 20.60% 59.07%
Analysis Overall Short Intermediate Long
Bearish (-0.31) Bearish (-0.38) Bearish (-0.33) Neutral (-0.22)

Recent CandleStick Analysis     Neutral

Open Gaps
Direction Date Range
down 18 Nov 2013 35.84 to 35.76
down  7 Nov 2013 36.87 to 36.64
down  1 Nov 2013 37.52 to 37.49
down 20 Sept 2013 44.83 to 44.74
down 10 Sept 2013 47.12 to 45.97
Technical Indicators
Ind. short Inter Long
EMA VBe VBe VBe
MACD VBe Be N
RSI Be
TDD Be
FIB Be Be Be
Highs VBe N N
Lows VBu N N
Trends N N N
Stoch. VBe
VBu=Very Bullish,    Bu=Bullish
N=Neutral
Be=Bearish,    VBe=Very Bearish
Support/Resistance
Type Value Conf.
resist. 53.52 2
resist. 50.00 2
resist. 47.93 2
resist. 45.84 2
resist. 44.67 5
resist. 41.48 2
resist. 40.88 2
resist. 38.58 3
resist. 36.69 15
resist. 34.86 3
supp 33.04 2

HeffX-LTN

Paul Ebeling

 

 

 

 

 

 

 

 

 

 

 

 

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.
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