*I have about 135 mining stocks that I follow each day. On each chart I have pre-drawn trend lines on the True Strength Index (TSI) and Money Flow Index (MFI) indicators which are placed below the actual price movement of the stock. The software I use is freely available at: FreeStockCharts.com*This weekend I identified 7 miners of the 135 that exhibit what I consider optimal buy signals; a breakout of the TSI indicator and usually above the ZERO reading, often accompanied with a breakout of the MFI indicator, and sometimes including a positive divergence between the direction of price and the TSI indicator's movement.*I got this fun idea to document how well each of these 7 stocks perform this week by comparing their results with a couple of benchmark ETFs like GDX and GDXJ (Gold Miner and Junior Gold Miner Index, respectively).*Following the close each day this week I will return to the table included in this post and update the results. If you would like to participate as an observer you will need to find this post (as it becomes buried further and further down the page with the addition of new posts) and see for yourself exactly how this turns out. *I guess the question I am exploring is: Timing is everything (or is it)? *Does using the TSI and MFI for timing buy signals give one any advantage over simply buying either GDX or GDXJ? (Not that one little study using just 7 stocks during a single week of the year can answer that question once and for all, but hey, we have to start somewhere, right?)* TSI (7,4) MFI (10) | Sun 10/3 | Mon 10/4 | Tues 10/5 | Wed 10/6 | Thurs 10/7 | Fri 10/8 | Cumulative Gain/Loss So Far This Week |
1. | CDY | 1.20 | +0.83% | 0 | -.83% | -2.50% | * | -2.50% |
2. | JAG | 6.75 | -0.15% | +2.37 | +.72% | -1.29% | * | +1.65% |
3. | MQCMF | 0.79 | -1.35% | -4.45% | +.63% | +3.83% | * | -1.34% |
4. | PEZGF | 1.59 | +1.78% | +2.70% | +2.89% | -5.26% | * | +2.11% |
5. | PZG | 1.68 | -1.79% | +9.70% | 0 | -1.66% | * | +6.25% |
6. | RIC | 5.25 | -2.29% | +0.19% | -.58% | -4.89% | * | -7.57% |
7. | SFEG | 1.10 | -1.82% | +3.70% | +3.57% | -1.72% | * | +3.73% |
|
| GDX | 56.60 | -1.86% | +3.08% | +1.50% | -2.65% | * | +0.07% |
| GDXJ | 34.19 | -2.49% | +3.96% | +2.16% | -2.99% | * | +0.64% |
The average loss for the 7 TSI miners on Monday was -0.68%, GDX was -1.86% and GDXJ -2.49%.
The average gain for the 7 TSI miners on Tuesday was +2.03%, GDX was +3.08% and GDXJ +3.96%.
The average gain for the 7 TSI miners on Wednesday was +.91%, GDX was +1.50% and GDXJ +2.16%.
The average loss for the 7 TSI miners on Thursday was -1.93%, GDX was -2.65% and GDXJ -2.99%.
For the week so far the 7 TSI miners have averaged +0.08%, GDX +0.02% and GDXJ +0.16%.
Well, here is the table (above) I will return to each day to update for our amusement.*The 7 stocks and their charts are as follows:*1. CDY - Cardero Resource Corp2. JAG - Jaguar Mining Inc.3. MQCMF - Mosquito Cons Gold M4. PEZGF - Pediment Gold5. PZG - Paramount Gold Mining Corp6. RIC - Richmont Mines Inc7. SFEG - Santa Fe Gold Corp*Click on any chart to ENLARGE*
Terimakasih anda telah membaca artikel tentang Timing is Everything (or is it?). Jika ingin menduplikasi artikel ini diharapkan anda untuk mencantumkan link https://btcchoice.blogspot.com/2010/10/timing-is-everything-or-is-it.html. Terimakasih atas perhatiannya.