Update for Precious Metals (GDX, GLD, SLV), Healthcare (XLV, IBB, XBI) and Bond Proxies (TLT, XLU, XLRE)

Today’s report is in PDF format (link below) and covers the following:

The Gold SPDR (GLD), Gold Miners ETF (GDX) and Silver ETF (SLV) remain with bullish continuation patterns and bounced over the last few days. Breakouts could be imminent, but gold seems to be moving in tandem with the stock market.

The Healthcare SPDR (XLV) continues to hold above its resistance zone and bounced on Monday with biotechs leading the charge. The Biotech ETF (IBB) and Biotech SPDR (XBI) made big moves and finally broke out of their falling channels to signal an end to their corrections.

Elsewhere, I am also watching the 20+ Yr Treasury Bond ETF (TLT) and the bond proxies, which moved on Monday. TLT was flat, but the Utilities SPDR (XLU) advanced and the Real Estate SPDR (XLRE) was up 2.45%, the most since July 1st. The cup remains half-full for XLRE and IYR because they have Bollinger Band breakouts and are above their 200-day SMAs.

Thanks for tuning in and have a great day!

-Arthur Hill, CMT
Choose a Strategy, Develop a Plan and Follow a Process

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