Another Sell Signal

 Got another sell signal late Friday. I closed out GDX a few minutes before the close at 49.76. Total gain for this bet was 11.82%. As before I'll leave GDX on this weeks Model Portfolio chart for this weeks posting and then delete it. All these sell signals of late have caused me to wonder if the Bear is emerging from his den. It's too soon to start making predictions but it's getting me in the mood to do so. I'll post the charts of the model portfolio without much comment as not much happened this week what with the storms that hit the northeast and the election stuff going on. 

DXD is moving sideways this week indicating weakness in the Dow. 

Dug is going up a little indicating weakness in Oil. 
 

GDX dropped below the line so I dumped it at the close Friday. Why Gold should be weak is not a mystery as the dollar is showing continuing strength. A strong dollar leads to weak oil and gold prices. 
 

Here is the chart of the dollar which is the cause of the decline in the Dow, Gold and Oil. As you can see it's issuing a buy signal. I mostly leave the dollar alone as a betting vehicle as it doesn't make large enough percentage moves to make it worthwhile. 
 

 Last come the model portfolio which after this won't show GDX.

						&
DXD	100	48.81	48.98	0.98	$98.00	$17.00	0.35%	$4,898.00
DUG	100	21.4	21.64	0.70	$70.00	$24.00	1.12%	$2,164.00
GDX	100	44.5	49.76	-2.25	$225.00	$526.00	11.82%	$4,976.00
Total					$57.00	$567.00	4.94%	$12,038.00