GDXJ has been on a long-term buy signal since early January, but the appeal of this was limited by the ETF’s lackluster price action since then. Last week, however, buyers re-affirmed the signal by pushing GDXJ through the green line. Let’s try to stake out a small position, initially with a 35.28 bid for 200 shares. We can work this order and perhaps augment it over the next week or so, but I have no appetite for paying up because the stock has run up so steeply since mid-August. We will also look to buy call options, but only when GDXJ has fallen to a clear Hidden Pivot target. _______ UPDATE (Sep 11, 9:43 p.m.): For Tuesday only, raise the bid to 35.35, no stop. _______ UPDATE (Sep 12, 9:05 p.m): Cancel the bid for now, since GDXJ has rallied moderately out of range.
