Why You Shouldn’t Ignore Another Flashing Signal

There’s likely to be a big payoff in the months ahead. [Jeff Clark's Market Minute]( Why You Shouldn’t Ignore Another Flashing Signal By Jeff Clark, editor, Market Minute The Gold Miners Bullish Percent Index (BPGDM) just flashed a new buy signal. But most traders are ignoring it because gold stocks performed poorly following the previous buy signal. That’s a mistake. BPGDM trading signals have a long history of working out profitably. They’re often early – and that can be frustrating for traders who want immediate gratification. Recommended Link [Market Wizard, who predicted negative indexes in 2022, shares a shocking new forecast]( [image]( He had 20 straight years of winning trades without a single losing year… That put his hedge fund in the top 1% of Barron’s rankings. He was featured in the popular trading book, "Hedge Fund Market Wizards, How Winning Traders Win…” Earning the coveted title “Market Wizard”… This year, he was one of the few experts who accurately predicted the 2022 stock market collapse... Telling a reporter in January, “All indexes will be negative for the year." Almost immediately, the market tanked. The Nasdaq posted its worst start in history…. And the DOW had its worst start since World War II. While most folks lost money… This trader showed those following his work how to avoid the carnage and profit from it. And now, for the first time ever, he is coming forward to share a brand-new forecast. In his debut video, Market Wizard Larry Benedict reveals how to make all the money you need… In any market… Using a single stock. [Click here to watch the video now.]( -- But for traders who can buy today and then close their eyes for a while – there’s likely to be a big payoff in the months ahead. Let’s look at the BPGDM chart… [(Click here to expand image)]( The BPGDM measures the percentage of gold stocks that are trading in a bullish technical formation. It’s a gauge of overbought and oversold conditions. Since it’s measured as a percentage, a bullish percent index can only reach as high as 100% or fall as low as zero. Typically, a sector is extremely overbought when its bullish percent index rallies above 80%. It’s extremely oversold when it drops below 30%. Trading signals are generated when the index reaches extreme levels and then reverses. The blue arrows on the chart point to previous buy signals of the past two years. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Here’s how the Gold Bugs Index (HUI) performed after each of those signals… [(Click here to expand image)]( All three of the previous BPGDM buy signals proved quite profitable. But those profits didn’t always happen right away. For example, the largest gold stock rally happened after the BPGDM buy signal last December. But that rally took several weeks before it finally kicked into gear. Once it got going in late January, the HUI gained 38% in less than three months. The HUI is trading lower today than where it was when the BPGDM generated a buy signal in late July. And that action has a lot of traders doubting the viability of these buy signals. So they’re ignoring the signal that was generated last week. [The One Ticker Retirement Plan: Over the Shoulder Demo Now Available]( But given the relative value of the gold sector to the S&P 500 ([which I wrote about on August 18]( – the gold sector could experience a rally similar to what happened from February through April. And there’s a good chance that rally got started with last week’s buy signal. Best regards and good trading, [signature] Jeff Clark Reader Mailbag In today’s mailbag, we’d like to welcome new subscribers to [Jeff Clark Trader]( I want to thank you, Jeff. For about nine months I've been bouncing around looking for a great options teacher. Trading options doesn't make a person a great or even a good teacher. I walk away from your training videos feeling that I understand what is being taught. Thank you very much. – Jim G. I joined over the Labor Day weekend. I immersed myself and refreshed my knowledge with your eight videos about options. Excellent. – Kent F. Thank you, as always, for your thoughtful comments. We look forward to reading them every day. Keep them coming at feedback@jeffclarktrader.com. In Case You Missed It… [[MUST SEE]: Instant cash in 3 seconds?! 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