Yamana Gold (AUY) just flashed a death cross.
We can see how weak Gold Miners (GDX) have been recently.
AUY is a 4.57% holding in GDX will it also eventually get weaker and test the October lows?
The death cross (technical formation when the 50-day moving average drops below the 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.