LBY Libbey, Breakout High Chance of New Up Trend

EIG Employment Holdings, Breakout?

DLTR Dollar Tree, Finally Getting Ready To Break Out?

URBN Urban Outfitters, Pullback Looks Like Its Over, Up to New Highs?

NCLH Norwegian Cruise Line, Price Break Down Followed by Indicators, Sell

Gold Miners Reach First Resistance Target but Continue to Outperform Gold

The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid week and filling Monday’s gap, the miners are set to close the week with some strength. While the miners are overbought and could remain below resistance for a little while, their strong outperformance of Gold remains a comforting signal for bulls.
The selloff in the miners began once they hit their first resistance targets, as noted in our editorial from last week. We noted immediate upside targets of GDXJ $33 and GDX $22.50. To be exact, GDXJ hit $33.07 and GDX touched $23.06. The resistance lines are visible in both charts below. Because the miners remain a good distance above their 50-day moving averages (GDX $19.58, GDXJ $26.82) it is possible they consolidate beneath resistance for a few weeks.
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US Weekly Economic Calendar

time (et)	report	period	ACTUAL	forecast	previous
MONDAY, APRIL 18
10 am	Home builders' index	April		--	58
TUESDAY,  APRIL 19
8:30 am	Housing starts	March		--	1.178 mln
8:30 am	Building permits	March		--	1.177 mln
WEDNESDAY, APRIL 20
10 am	Existing home sales	March		--	5.08 mln
THURSDAY, APRIL 21
8:30 am	Weekly jobless claims	4/16		N/A	N/A
8:30 am	Philly Fed	April		--	12.4
8:30 am	Chicago Fed national activity index	March		--	-0.29
10 am	Leading indicators	March		--	0.1%
FRIDAY, APRIL 22
9:45 am	Market PMI flash	April		--	51.5