Sigma-L - Market Cycles

Sigma-L - Market Cycles

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Sigma-L - Market Cycles
Sigma-L - Market Cycles
VanEck Gold Miners ETF (GDX) - 1st December 2023 | @ 137 Days
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Metals

VanEck Gold Miners ETF (GDX) - 1st December 2023 | @ 137 Days

Last trade: - 8.56% | 'B' class signal detected in VanEck Gold Miners (GDX). Running at an average wavelength of 137 days over 16 iterations since May 2018. Currently moving up.

Dec 01, 2023
∙ Paid
2

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Sigma-L - Market Cycles
Sigma-L - Market Cycles
VanEck Gold Miners ETF (GDX) - 1st December 2023 | @ 137 Days
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Instrument Summary

The VanEck Gold Miners ETF (GDX) is an exchange-traded fund that aims to track the performance of gold mining companies. Holdings in the ETF include prominent companies such as Newmont Corporation, Barrick Gold Corporation, Franco-Nevada Corporation, Wheaton Precious Metals Corp., and Newcrest Mining Limited.


ΣL Cycle Summary

This wave, somewhat frequency modulated, likely troughed in early November after smaller periodic components pushed price action around for a month or so in the consolidation. Now moving up, the next peak is due late January - mid February at the current wavelengths. That peak looks to be also be a peak of the prominent longer wave around 300 days.


Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Sell - VanEck GDX 22nd September 2023
Entry: 22nd September 2023 @ 28.87
Exit: 1st December 2023 @ 31.34
Gain: - 8.56%


Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 137.29 Days
Completed Iterations: 16
Component Yield Over Sample: 200.69% - learn more

Time Frequency Analysis

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