HMY Harmony Gold Mining, Bouncing Off Support In a Very Strong Sector

TLT Barclays 20+ Year Treasury Bond, Bouncing Off Very Strong Support

WFM Whole Foods Market Showing Signs Of Bottom

PG Procter & Gamble Broke Uptrend Line Support and RSI

Gold Miners Bullish Percent Index: A Warning Sign for Gold Stocks

It's time for a pause in the gold-stock rally.

 

The Market Vectors Gold Miners Fund (GDX) is up 77% since bottoming in January. It has been a straight move higher – practically vertical.

 

And by the end of the year, gold stocks are likely to be even higher than where they are today.

 

But in the short term, we may have a problem. You see, one of my favorite gold-stock timing indicators just triggered a sell signal...

 

Take a look at this chart of the Gold Miners Bullish Percent Index (or "BPGDM")..(more)

FRO Frontline, Breakout On Volume, Indicators Confirming

CIE Cobalt International Energy, Breakout To the Upside (Q1 Results May 3)

EPE EP Energy 62% Retracement Is Over, New Up Move

HTZ Hertz Global, Large Pullback Looks Like A Buying Opportunity

QRVO Qorvo, Is the Retracement Over?

ATW Atwood Oceanics, Getting Ready For the Big Breakout

JCP JC Penney Pullback Over?

DRI Darden Restaurants, Pullback Over Ready For Up Move?

XLNX Xilinx, 50% Pullback and Just Touching Downtrend Line

RENN Renren, 62% Retracement and Now Back Up

PSG Performance Sports Group, Wounded Stock, Slow Move Back Up

LPTH LightPath Technologies, Getting Ready But Needs Volume

BGS B&G Foods Breakout Of Descending Triangle and Indicators Turning Up

RAI Reynolds American Pullback Reached a Bottom

SSS Sovran Self Storage Bottomed At the 62% Pullback, Indicators Turning Up

HRB H&R Block Downtrend Losing Energy, Which Way Will It Break?

CPB Campbell Soup, Pullback Looks Like It Could Be Over

HK Halcon Res, Breakout Could Be the Start Of Up Move

UUP US Dollar Index Bull, Finally Near A Bottom In the Dollar?

LGF Lions Gate Ent. Broke DownTrend Line, Up We Go

YANG China Bear 3X, Is Chinese Market Ready For a Pullback?

SWHC Smith Wesson Pullback Now Bouncing Off Support

WDC Western Digital, Pullback May Be Over and Ready For a New Up Move

BBRY BlackBerry May Have Found A Short Term Bottom

US Weekly Economic Calendar

time (et)	report	period	ACTUAL	forecast	previous
MONDAY, APRIL 25
10 am	New home sales	March		518,000	512,000
TUESDAY,  APRIL 26
8:30 am	Durable goods orders	March		2.4%	-3.0%
9 am	Case-Shiller home prices	Feb.		--	5.7%
10 am	Consumer confidence index	April		96.5	96.2
WEDNESDAY, APRIL 27
8:30 am	Advance trade in goods	March		-$62.0 bln	-$62.9 bln
10 am	Pending home sales	March		0.4%	3.5%
2 pm	FOMC announcement			0.25-0.50%	0.25-0.50%
THURSDAY, APRIL 28
8:30 am	Weekly jobless claims	4/23		258,000	247,000
8:30 am	Gross domestic product	1Q		0.7%	1.4%
10 am	Housing vacancies	1Q
FRIDAY, APRIL 29
8:30 am	Employment cost index	1Q		0.6%	0.6%
8:30 am	Personal income	March		0.4%	0.2%
8:30 am	Consumer spending	March		0.2%	0.1%
8:30 am	Core inflation	March		0.1%	0.1%
9:45 am	Chicago PMI	April		--	53.6
10 am	Consumer sentiment	April		90.0	89.7

FSLR First Solar, Potential Bottom Forming, Wait For Price Confirmation

PANW Palo Alto Networks, Retracement Found Strong Support, $190 Target

HLIT Harmonic Needs To Break Strong Resistance At $3.50

OME Omega Protein, Signs Of a Rounded Bottom Formation

ENDP Endo Pharma, Looking Like a Bottom

CAR AVIS Budget Group, Double Bottom With Indicators Moving Up

INTC Intel, Looking to Break the Flag Formation

BCEI Bonanza Creek Energy, Looks Like the Bottom Is In

DB Deutsche Bank, Double Bottom, Indicators Confirming Up Move, $25 Possible

LC Lending Club, Needs to Break 2nd Resistance, Indicators Pointing Up

UVE Universal Insurance Which Way Will It Break? Indicators Point Up

SA Seabridge Gold, Still Bullish For Now

AG First Majestic Silver, Go Where the Momentum Is?

AGRO Adecoargo, Is the Pullback Over?

TEVA Teva Pharma Breakout to a New Up Trend?

DK Delek, Getting Ready to Breakout?

ANF Abercrombie & Fitch Pullback to Resistance

FFIV F5 Networks, Pullback Bounces Off Resistance, New Up Move?

SEDG SolarEdge Tech, Breakout of Triangle to the Upside?

NWBO Northwest Bio, Is a New Bull Move Starting?

JWN Nordstrom, Correction Found a Bottom, Target of $65