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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (174304)	7/6/2021 4:27:04 PM
From: sense	Respond to of 217820

I have noted interesting events in tracking both price performance and momentum, as seen in the RRG's... looking at both daily and weekly charts. The weekly RRGs are a bit of a scatter plot with the momentum of shares more or less randomly distributed... but the daily RRGs show the miners all lined up like horses at the starting gates... nearing the boundary between the lower left (red) quadrant, and moving higher into the upper left (blue) quadrant... Almost all appear they'll be moving above the level of the SP500 boundary line in the relative strength momentum in the next week... That alignment being not reflected in the weekly charts... at all... suggests the need to use both chart periods in proper analysis, but also suggests that the synchronized daily chart momentum variation is something more of an aberration than it is an obvious reflection of something driving meaningful synchrony in markets, longer term... rather than it being an artifact in the price in the short term... That daily chart momentum showing near synchronous movement doesn't necessarily mean all the share prices will be going up... although some are, already... but it does reveal a remarkable degree of synchronization in the relative performance in momentum vs the S&P... In the price charts, many miners have apparently bottomed, for now, and prices are moving sideways... a good number have bottomed and recovered their losses, or are trending higher in a near linear fashion while following the moving averages up as support, at varying rates... and, a few have broken down, failed to find support, and appear to be headed lower... with some already at and below the prior 52 week lows. Interesting to note that the greater the production potential, the more likely it seems it is that they have under-performed MORE... so, suggesting motive in the moves that is not about "miners having problems"... but about "markets having problems" ? That distribution is even more pronounced in the silver miners than it is in gold... FNLPF and PAAS taking big hits and not bouncing right back... on the price charts... Given the opportunity... sort them out based both on the knowns in the fundamentals... putting the longer term value views first... AND THEN the longer term weekly momentum charts ... or market support... and then the short term view of daily momentum and the daily price charts... should give value at price paired with the best near term and most sustainable performance... But, price charts showing decent support for price in the last few weeks... prioritizing things that have not been crashing through support levels with risk of drifting lower... A couple of obviously worthy momentum chart outliers include NFGFF, KOR, HL, NMREF... ones the momentum charts say are worthwhile to watch in the near term include CS.TO, TMQ, LRTNF, EDVMF... and BNKR.CA/BHLL Note, the momentum charts are NOT short term price charts... but more about longer term potential that might take weeks of being sustained to prove itself in the price performance... so, using momentum in doing the sort... but still doing the shopping based on the near term performance in the price charts vs the momentum. I do like LRTNF, and KRRGF, for instance... bought near the lows last time... but, the price charts are saying I might want to be patient in timing any re-entries... the "buy low" part being just as important as better quality of effort in doing the sort in what it is best to own ? Did note a Youtube pitch by Steven Van Metre recently... doing a beta test now on a new momentum trading newsletter... that might be worth checking out during the free beta period...