Current Update

The Market Vectors Gold Miners (symbol: GDX) closed at $23.79 down 1.33% on 39% lower volume. The levels of support decreased while resistance increased within the three month timeframe. Support is $23.51 and resistance is $24.46. GDX remains below the 50 and 200 day moving averages. I have an outperform rating on the gold miners.

Current Update

The Market Vectors Gold Miners (symbol: GDX) closed at $24.11 down 0.82% on 46% lower volume. Both the support and resistance levels remained the same. Support is $24.01 and resistance is $24.46. GDX remains below the 50 and 200 day moving averages. I have an outperform rating on the gold miners.

Current Update

The Market Vectors Gold Miners (symbol: GDX) closed at $24.31 up 1.33% on 28% lower volume. Both the support and resistance levels increased. GDX remains below the 50 and 200 day moving averages. Support is $24.0 1 and resistance is $24.46. I have an outperform rating on the gold miners.

Current Update

The Market Vectors Gold Miners (symbol: GDX) closed at $23.99 down 1.92% on 21% lower volume. Both the support and resistance levels decreased. Support is $23.51 and resistance is $24.01. GDX remains below the 50 and 200 day moving averages. I have an outperform rating on the gold miners. 

Market Sector Update

My market sector rankings are: 1. Gold Miners (symbol: GDX); 2. Consumer Discretionary (symbol: XLY); 3. Consumer Staples (symbol: XLP); 4. Financials (symbol: XLF); 5. Technology (symbol: XLK); 6. Health Care (symbol: XLV); 7. Materials (symbol: XLB); 8. Utilities (symbol: XLU); 9. Industrials (symbol: XLI); 10. Energy (symbol: XLE)